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Kentucky Lawmakers Approve Cut To Flat Income Tax Rate

by usoftax_admin | Feb 5, 2025 | Tax News

Kentucky would lower its flat individual income tax rate by half a percentage point as part of a bill passed by lawmakers and headed to the governor.

Md. Panel OKs Payment Plans For Incarcerated Taxpayers

by usoftax_admin | Feb 5, 2025 | Tax News

Maryland taxpayers currently or formerly incarcerated would be eligible for installment plans for tax liabilities under a bill reported favorably Wednesday by a state Senate committee.

Okla. Gov.’s Budget Would Cut Biz, Individual Tax Rates

by usoftax_admin | Feb 5, 2025 | Tax News

Oklahoma lawmakers should cut both personal and business income tax rates and put the state on a path to eliminating both taxes, the governor said in his fiscal year 2026 budget proposal.

Wash. House Bill Seeks Surcharge On ‘Excessive’ CEO Pay

by usoftax_admin | Feb 5, 2025 | Tax News

Washington state would impose a surcharge on corporations that provide “excessive” compensation to their chief executive officers under a bill in the state House of Representatives.

Mich. Gov. Proposes Using AI To Bolster Tax Collection

by usoftax_admin | Feb 5, 2025 | Tax News

Michigan would deploy artificial intelligence tools to aid in tax collection under Democratic Gov. Gretchen Whitmer’s proposed budget, which was released Wednesday.
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