Legislative Approval News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The B.C. government announced in its 2024 budget a plan to introduce a tax the Flipping Tax on income earned from the sale of a property within 730 days of acquisition. The Flipping Tax, subject to legislative approval, will be imposed under the Residential Property Short-Term Holding Profit Tax Act scheduled to take effect January 1, 2025.1 The B.C. government estimates that the Flipping Tax will generate $43M of tax revenue in its first year.2

Preliminary approval has been reached in the settlement of a class action lawsuit against the Michigan Unemployment Insurance Agency (UIA). The $55 million settlement, which still needs legislative approval, would reimburse workers who said the agency ordered them to pay back pandemic-era jobless benefits before resolving a protest or appeal. The Michigan Court of Claims […] The post $55M settlement against state unemployment agency given preliminary approval appeared first on Michigan Advance.

The system’s budget is now partially supported by state and federal funds that will dry up beginning next year, the superintendent said.

Without additional action by the Legislature, Idaho Gov. Brad Little worries a new bill requiring legislative approval for Medicaid waivers could disrupt health care services, including by halting millions of dollars in payments to medical providers across the state. Little’s office received 118 emails from providers asking for a trailer bill to House Bill 398, […] The post Idaho Medicaid waiver approval bill could immediately disrupt services, governor says appeared first on Idaho Capital Sun.

Tuesday's no vote on the sales tax extension leaves many with a lot of questions.