Despite the public enmity between the two, Newsom reached out to the White House in hopes of working together on the creation of a $7.5-billion federal tax incentive to keep more productions in ...

TRANSLATION MORE PEOPLE LOST FEDERAL JOBS THAN THEY WERE EXPECTING, SO THERE’S LESS INCOME TO TAX OVERALL. HERE’S LARSON WITH MORE AS PART OF THAT UPDATE. THE STATE REVISED THEIR OUTLOOK TO ...

To discourage corporations from switching to S status just to avoid tax on asset sales, the federal government taxes such sales at 35 percent, the top tax rate. The corporation, not you and the ...

You have no other deductions or income. Since your taxable income is under $100,000, you must use the IRS tax tables to determine your federal tax liability, not the tax computation worksheet.

On paper, the tax inflated the state’s Medicaid spending, allowing it to collect more matching funds from the federal government. “It was a way of the state basically gaming the federal ...

The suggested annual EV registration fee, which essentially operates as a tax, is based on a Federal Highway Administration estimation that the average American uses about 550 gallons of gas per ...

The exact details of what the federal tax credit would entail remain unknown. Sen. Adam Schiff (D-CA) said he was working on a federal film incentive proposal. On Sunday, Trump called movies being ...

Companies usually use warehouses to store inventory that is not cycle or in-transit stock. Federal tax laws that apply to warehoused inventory depend on Internal Revenue Service valuation methods ...

Republican House Speaker Mike Johnson confirmed that current discussions about the $7,500 federal tax credit for electric vehicles in the budget would “more likely than not” result in killing ...

More than 50 solar companies with Texas ties signed a letter Thursday pleading members of Congress to preserve federal clean energy tax credits that have catalyzed a booming solar industry in the ...

The proposed tax incentive would be separate from the California state tax credits Newsom is trying to enact, including the proposal announced in October expand the state’s Film & Television Tax ...

Public finance lobbyists and bankers breathed a sigh of relief as the key federal subsidy underpinning municipal bonds appeared unscathed in a bill House tax writers released Monday. The tax ...