Tax & Accounting Blog

Georgia Transportation Tax Majorly Defeated

Georgia Transportation Tax Majorly Defeated

 Despite having the support of the Governor, Atlanta Mayor, and both chambers of commerce, the long proposed Transportation Special Purpose Local Option Sales Tax (T-SPLOST) was heavily rejected by all but three of the twelve specialty regions in a primary election.  In those three regions, residents will see an increase in their tax rates to … Read More

Additional Regulations On Partially Constructed Structures In Connecticut

Additional Regulations On Partially Constructed Structures In Connecticut

The Connecticut Legislature has updated and amended the Connecticut Code regarding property tax assessments.  The additions to the regulations are applicable to the assessment and taxation of partially constructed structures. Previously, Connecticut did not assess partially completed or under construction improvements. Pursuant to this new legislation, partially completed new construction will be assessed and taxed … Read More

Senate Panel Passes Sales Tax Credit in Washington

Senate Panel Passes Sales Tax Credit in Washington

The Washington Senate Finance Committee has passed a measure that could extend state and local sales tax deductions for people in Washington.  This is part of legislation that would renew tax breaks for businesses within the state. The sales tax deduction for residents of Washington and other states without income taxes is currently being supported by Senator … Read More

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City Council to Clarify Language of Sales Taxes

Jeff Hancock, the City Manager of McCook Nebraska, aims to clarify the ballot language of two sales taxes during tonight’s McCook City Council meeting at Memorial Auditorium. Hancock released a City Manager Newsletter Friday that he will attempt to put the explanation in writing and provide councilors with some options to assist in the funding of the city’s much needed … Read More