Page 41 - Tax Notes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. We have seen all sorts of changes in behavior over the past 12 months as a result of the COVID-19 pandemic. Remote working. No live music. Limited (or no) family gatherings. And, for some, an extra 15 pounds. But in the state and local tax world, we've seen another striking change in people's behavior. People. Are. Moving. They are moving to Florida. They are moving to the Hamptons. They are moving home to live with their parents. They are moving in with their kids. They are leaving Califor...

Source: State statutes; Bloomberg Tax. Under House Bill 1439, in tax year 2022, the personal exemption would increase to $47,700 for single filers, $95,400 for joint filers, and $46,600 for head of family filers. This large offset, which immediately eliminates about two-thirds of all individual income tax collections, would be paid for through higher sales taxes. In each year thereafter, the exemption would increase contingent upon revenue growth. Specifically, each year, the state would determine the amount by which the prior year’s tax collections from recurring revenue sources grew abov...

Image Nick Johnson serves as Senior Vice President for State Fiscal Policy at the Center on Budget and Policy Priorities, a Washington, D.C-based research and policy institute.  He directs the Center’s State Fiscal Policy division, which works to advance equity, accountability, and economic opportunity through stronger state budget and tax policies. Over his more than 20-year career as a researcher at the Center, Johnson has written extensively on a range of state fiscal policy issues. He also serves as an advisor to the members of the State Priorities Partnership, a network of independent...

Image Mazerov joined the Center staff in January, 1998. He is a Senior Fellow with the Center's State Fiscal Project. His work focuses on state and local taxation of business under corporate income and sales taxes, including taxation of Internet commerce. He has written reports on strategies for closing state corporate income tax loopholes and broadening state sales taxation of services. He also analyzes federal legislation affecting state taxing powers, such as the Internet Tax Freedom Act and the proposed “Business Activity Tax Simplification Act.” He is frequently quoted in national an...

on Jan. 13, 2021 - 10:13 AMComment People like snacks. And, most of the time, snacks are just as satisfying as a meal. Admit it, you ate an entire bag of Tapatio Doritos once and skipped dinner. And it was ok because the snacks were delightful. We are aware that this is a weird analogy, but it serves as what we believe is an apt entree into a little roundup of some of the moves coming from around the industry. So without ado being furthered (credit: Richard Ayoade), enjoy this look at some talented people moving around and other agency news of note.