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Minn. Senate Bill Would End Income Tax For Some

by usoftax_admin | Feb 26, 2024 | Tax News

Minnesota would eliminate its lowest personal income tax bracket and adjust its remaining brackets under a bill introduced in the Senate on Monday.

Chicago Can’t Count Any Votes In Transfer Tax Referendum

by usoftax_admin | Feb 26, 2024 | Tax News

The Chicago Board of Election Commissioners may not count any votes that are cast in the real estate transfer tax referendum in the March 19 primary election, a judge for the Circuit Court of Cook County said in an order Monday.

Utah House OKs Tax Exemption for Minors’ Income

by usoftax_admin | Feb 26, 2024 | Tax News

Utah would exempt those under the age of 18 for paying income tax under a bill passed in the state House of Representatives. 

Idaho Revenue Through Jan. Up $157M From Forecasts

by usoftax_admin | Feb 26, 2024 | Tax News

Idaho general revenue from July through January is up $157 million over forecasts, according to a report from the state Division of Financial Management.

W.Va. OKs Exempting Social Security From Income Tax

by usoftax_admin | Feb 26, 2024 | Tax News

West Virginia would exempt Social Security benefits from income tax by 2026 under a bill passed in the House of Delegates. 

No Tax Break On County Pay To Prison Co., NM Court Affirms

by usoftax_admin | Feb 26, 2024 | Tax News

Prison company GEO Group was correctly denied an income tax deduction, a New Mexico appeals court said, rejecting the company’s claim that the income at issue was from the resale of a license rather than the sale of services.
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