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State Tax Collections Up
California Gov. Jerry Brown outlines a new state budget with increased tax revenue figures. (AP) States experienced a dramatic increase in tax collections inthe first quarter of 2013 over the first quarter of 2012 — an average 9.3percent rise — mostly from growth in personal income taxcollections and a recovering economy, according to a new […]
Arizona’s Gov. Brewer Celebrates Tax Hike Expiration
Arizona Gov. Jan Brewer campaigns for a temporary increase in the state sales tax in 2010. The tax expired on Friday—with Brewer’s support.. (AP) Arizona Gov. Jan Brewer, who put her political career on the line three years ago when she vigorously campaigned for a temporary sales tax increase, Friday celebrated what she called “that […]
Cigarette Smuggling Cuts States’ Per-Pack Tax Revenues
Does the smuggling and sale of non-taxed cigarettes fund terrorism? New York State Attorney General Eric Schneiderman and New York City Police Commissioner Ray Kelly speak to the issue after a big cigarette smuggling bust earlier this month (May). (Video, AOL) Over the pastdecade, almost every state has raised cigarette taxes, sometimes multiple times.The health […]
Not So Fast: Tax Revenue Estimates From Legal Marijuana May Not Materialize
A caregiver picks out a marijuana bud in Denver. Colorado and Washington state want more tax revenue from legal recreational use, but will it fall short? (AP) When Colorado and Washington voted to legalize marijuana for recreational use, supporters sold the idea partially based on new tax revenue estimates that ranged as high as billion […]
Report: Delaware Has Lowest Business Taxes; Alaska Highest
An office building in Anchorage, Alaska, where state taxes on businesses are the highest in the country, according to a new report. (AP) Overall business taxes are lowest in Delaware and highest in Alaska, according to a study from the boutique economic consulting firm Anderson Economic Group. But how much an individual firm may pay […]
Forest Service Tries to Claw Back Funds from States
Logging roads wind through Mt. Hood National Forest in Oregon. The Forest Service is trying to claw back funds from the states to satisfy its required sequestration cuts. (AP) With wildfires roaring in California, it might not seem an auspicious time for the U.S. Forest Service to ask a dozen states – including the Golden […]