Tag #Sales Tax

cbsnews.com
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Yuba City's Budget Shortfall Leads to Service Cuts

Yuba City faces a $1.2 million budget shortfall due to the failure of Measure D, a proposed sales tax increase, resulting in reduced city hall hours, aquatic park limitations, and cancellation of the Summer Concerts in the Park series, beginning next week.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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New Jersey Seeks to Simplify Sales Tax Compliance by Eliminating Transaction Thresholds

New Jersey is proposing to eliminate the 200-transaction threshold for sales tax economic nexus, instead requiring businesses to collect sales tax if their gross revenue exceeds \$100,000 annually in the state; this simplifies compliance and enhances revenue collection.

Progress

48% Bias Score

Reduced Inequality
apnews.com
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Louisiana Implements Sweeping Tax Reform: $1.3 Billion in Cuts, Sales Tax Hike

Louisiana Governor Jeff Landry signed a bipartisan tax reform package into law, cutting income and corporate taxes while raising the state sales tax to fund the changes and redirecting $280 million from infrastructure projects. The plan will provide $1.3 billion in income tax cuts but has drawn crit...

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56% Bias Score

Reduced Inequality
azatutyun.am
🌐 75% Global Worthiness
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Armenia Partially Reverses Turnover Tax Hike After Protests

The Armenian government announced a temporary reversal of a turnover tax increase, refunding excess tax paid by businesses in the first half of 2024 after protests. The government will reimburse the difference between the 5 percent tax and the amount actually paid, creating a six-month transition pe...

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44% Bias Score

Reduced Inequality
apnews.com
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Mississippi House Passes Bill Phasing Out Income Tax, Raising Sales and Gas Taxes

The Mississippi House passed a bipartisan bill (HB 1) phasing out the state income tax over 10 years while raising sales taxes by 1.5% and implementing a 5% gasoline tax to fund infrastructure; this plan also gradually lowers the grocery tax from 7% to 2.5% over 10 years and is projected to cut $1.1...

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36% Bias Score

Reduced Inequality