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Government taxation and revenue
Mich. Senate votes to extend health claims tax
A continuation of a 1 percent tax on health insurance claims passed the state Senate Thursday, but yet to be resolved is how to ensure the levy brings in enough revenue for Medicaid, which serves 1.9 million low-income Michigan residents. The tax, which took effect nearly 17 months ago and ...
Wash. state releases draft rules for legal pot
Officials in Washington state took their first stab at setting rules for the state's new marijuana industry Thursday, nearly eight months after voters here legalized pot for adults. Among the preliminary regulations: They want to track marijuana from "seed to store." They'd put a cap on the number of retail ...
Okla. Senate unveils $80M plan for 2 new museums
The Oklahoma Senate unveiled a new plan on Thursday to divert $80 million in state sales and use taxes over a four-year period to pay for the completion of an American Indian museum in Oklahoma City and build a new popular culture museum in Tulsa. A Senate budget committee approved ...
Medicaid expansion debate ahead in Illinois House
The Illinois House is gearing up to consider a key part of President Barack Obama's health care law, an expansion of Medicaid that would provide coverage to low-income adults who don't have children at home. House Democrats warn that failure to expand Medicaid would lead to unintended consequences: A Cook ...
Obama walking a familiar path on IRS allegations
The Internal Revenue Service controversy dogging President Barack Obama is hardly the first time a White House and the tax agency have been accused of political meddling and bias. Nor is it the first time that political and social advocacy groups have searched for and exploited loopholes and fine points ...
Tea party groups call IRS process 'nightmare'
Anger over President Barack Obama's policies drove businessman Tom Zawistowski to file paperwork with the Internal Revenue Service nearly three years ago to create the Ohio Liberty Coalition. His nonprofit organization largely attracted conservatives who were new to politics but concerned about the growth of government, fiscal issues and perceived ...
APNewsBreak: Details of NC House tax plan unveiled
House Republicans offered their own North Carolina tax overhaul plan Thursday that would reduce personal and corporate income tax rates and expand the sales tax to cover more services. The proposal's scope is much narrower than what Senate counterparts offered as GOP legislators try to fulfill a commitment to carry ...
House approves Oregon hospital, nursing home tax
The Oregon House voted Tuesday to extend a tax on hospitals and nursing homes that provides a big portion of the state budget for health care. The 54-5 vote sends the measure to the Senate, where Republicans are threatening to block it. GOP lawmakers want to use the bill as ...
Correction: Oregon Budget-Provider Tax story
In a story May 13 about a provider tax to help fund the Oregon Health Plan, The Associated Press incorrectly said that hospitals would earn back an estimated $2 billion after paying $745 million in the provider tax. The tax payments will be refunded, and hospitals will be paid for ...
NH Senate panel sets revenue estimates below House
The Senate's tax writing committee told the chamber's budget writers Tuesday they have less money to produce a two-year spending plan for New Hampshire than the House or governor used in writing their plans. The Ways and Means Committee's base estimates are $62 million less than the House from state ...
Lawmakers seek to reinstate local tax for vehicles
Missouri lawmakers are hoping the third time will be the charm in their quest to reinstate local taxes on cars, trucks and boats purchased from out-of-state dealers or in private transactions. State and local officials have keyed on the tax issue for more than a year while raising fears about ...
Speaker Tobin key to Medicaid expansion deal
Gov. Jan Brewer's proposal to expand the state's Medicaid program to 300,000 more poor Arizonans may pass or fail based on just one person in the Legislature: Republican House Speaker Andy Tobin. The trick for Brewer is figuring out just what Tobin wants in exchange for his support. And he's ...
Detroit is broke; could bankruptcy lie ahead?
The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't get paid, retirees lose their pensions and residents endure even deeper cuts in municipal services. If Detroit cannot avert ...
AP Exclusive: IRS knew tea party targeted in 2011
Senior Internal Revenue Service officials knew agents were targeting tea party groups as early as 2011, according to a draft of an inspector general's report obtained by The Associated Press that seemingly contradicts public statements by the IRS commissioner. The IRS apologized Friday for what it acknowledged was "inappropriate" targeting ...
A look at bills before the Missouri Legislature
The Missouri Legislature has a week to finalize action on the following bills: ABORTION The House is expected to give final approval to a measure restricting drug-induced abortions. BENEVOLENT TAX CREDITS Gov. Jay Nixon already has signed legislation that would reinstate expiring tax credits for certain charitable donations. It also ...
Aging population drives demand for senior housing
When Frances Wulf, 92, made the decision to stop driving and sell her car, she began to look for her next step. Wulf, who moved to Valparaiso from Wisconsin to be near her kids about three years ago, had lived independently until the age of 91. One day Wulf surprised ...
IRS apologizes for targeting tea party groups
The Internal Revenue Service apologized Friday for what it acknowledged was "inappropriate" targeting of conservative political groups during the 2012 election to see if they were violating their tax-exempt status. IRS agents singled out dozens of organizations for additional reviews because they included the words "tea party" or "patriot" in ...
Oregon gets first peek at health insurance market
This is what competition looks like: One health insurer wants to charge $169 a month next year to cover a 40-year-old Portland-area non-smoker. Another wants $422 a month for the same standard plan. The new health insurance marketplace envisioned by federal health reforms doesn't formally kick in until fall. But ...
April surplus of $113B lowers US budget deficit
The U.S. government reported a rare surplus of $113 billion for April — the largest in five years and a sign of the nation's improving finances. Steady economic growth and higher tax rates have boosted the tax revenue in recent months, keeping this year's annual budget deficit on pace to ...
Maine panel airs bipartisan tax overhaul bill
As a legislative committee heard testimony Friday on a bill calling for a historic overhaul of Maine's tax code, there was near-universal agreement on one point: appreciation for the efforts of the bipartisan "Gang of 11." But that's about where the harmony ended. Businesses, especially those associated with the state's ...
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