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NJBIA: Millionaire’s Tax Is an Income Tax Increase on Small Businesses
New Jersey Business & Industry Association President and CEO Michele Siekerka today urged the Legislature to reject the so-called millionaire’s tax at a press conference attended by statewide business organizations and state legislators
Baker-Polito Administration Releases FY16 Capital Budget Plan Investing Over $2.125B in Communities, Infrastructure, Economic...
-The Baker-Polito administration today released the Fiscal Year 2016 (FY16) capital budget, including a $2.125 billion bond cap on General Obligation Bonds, the same level as Fiscal Year 2015, and an accompanying spending plan that invests in communiti...
DIMAIO DENOUNCES SPENDING BILLS THAT TAXPAYERS CANNOT AFFORD
Despite already having the highest taxes in the nation, the New Jersey Assembly Appropriations Committee approved several bills earlier this week that will cost taxpayers more than $15 million. “I cannot understand how the majority party can continue...
Congresswoman Marcia Fudge Announces $95 Million in Tax Credits Awarded to Northeast Ohio Community...
Congresswoman Marcia L. Fudge (OH-11) is pleased to announce the U.S. Department of the Treasury awarded $95 million in tax credits to two community development agencies in Ohio’s Eleventh Congressional District. The Cleveland New Markets Investment ...
Maryland Real Estate Businessman Indicted for Failing to File Income Tax Returns
A Berwyn Heights, Maryland, resident was indicted by a grand jury sitting in Greenbelt, Maryland, on four counts of failure to file federal individual and corporate federal income tax returns, Acting Assistant Attorney General Caroline D. Ciraolo of th...
City of Alexandria Launches Online Real Estate Taxpayer Receipt
The City of Alexandria has launched a new online Real Estate Taxpayer Receipt to help real estate taxpayers better understand what percentage of revenue funds each programmatic area of City spending. “This new online tool provides one more way for ta...
Menendez, Booker Applaud $170M in Tax Credits to Community Development Orgs Investing in NJ
U.S. Senators Bob Menendez and Cory Booker today announced that the Community Loan Fund of New Jersey, Inc., CCG Partners, LLC, and the Reinvestment Fund, Inc. have been awarded a total of $170 million through the Community Development Financial Insti...
Sessions Votes to Unleash America’s Trade Power and Maintain Our Rule of Law
U.S. Congressman Pete Sessions (R-TX-32), Chairman of the House Rules Committee and a Member of House Republican Leadership, today released the following statement applauding the passage of Trade Promotion Authority
Senators Blunt, Warner Work To Save Tax Dollars, Reduce Underutilized Federal Property
U.S. Senators Roy Blunt (Mo.) and Mark Warner (Va.) today introduced legislation to reduce the number of underutilized federal properties, which could save taxpayers $9 billion over the next 10 years. U.S. Senators Lindsey Graham (S.C.), Mark Kirk (Ill...
Denham Secures Administration Commitment to Saving Federal Taxpayer Dollars by Reforming Federal Property Management
U.S. Representative Jeff Denham (R-Turlock) today testified before the Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings and Emergency Management on ongoing efforts to improve the management of federal properties ...
CENTRAL OHIO ORGANIZATION TO RECEIVE NEW MARKETS TAX CREDIT ALLOCATIONS
U.S. Congressman Pat Tiberi (R-OH), a member of the Ways and Means Committee, today announced that a Central Ohio organization will receive New Markets Tax Credit allocations from the Department of the Treasury Community Development Financial Instituti...
Pallone Announces $50 Million to Boost Economic Growth in Low-Income New Jersey Communities
Congressman Frank Pallone, Jr. (NJ-06) announced a $50 million award for tax credits from the U.S. Treasury Department to New Jersey Community Capital, which is located in New Brunswick. The funds, which will be used by New Jersey Community Capital to...
KNOW YOUR RIGHTS: EXPIRATION OF RENT LAWS
At 10:00 last night, the Governor announced that the legislature had failed to extend New York State rent stabilization and rent control laws and that those protections for tenants would expire, at least for the next few days. The assumption is that th...
After Missouri’s C- Rating, Innovative Plan to Fix State Infrastructure is Aim of Bipartisan...
U.S. Senator Claire McCaskill this week joined a bipartisan coalition of nine Senators to introduce legislation to establish a new infrastructure financing authority that would help Missouri better leverage private funds to build and maintain the state...
Senators Stabenow, Peters Announce Multi-Million Dollar Tax Credit to Support Economic Development in Michigan
U.S. Senators Debbie Stabenow, a senior member of the Senate Finance Committee, and Gary Peters today announced a $55 million tax credit allocation for community development projects to grow the economy and create jobs in Michigan and three other state...
Hoylman Blasts Senate Republicans on Expiring Rent Laws
State Senator Brad Hoylman said: “Tonight, by allowing New York's rent laws to expire, State Senate Republicans are toying with the lives of more than two million New Yorkers. Rather than renewing and strengthening these important laws, my misguided ...
PLF statement on CA Supreme Court ruling on San Jose’s new-housing penalty
Tony Francois, Senior Staff Attorney with Pacific Legal Foundation (PLF), issued this statement today after the California Supreme Court issued an adverse ruling in PLF’s challenge to San Jose’s “Inclusionary Housing Ordinance” — a law that i...
U.S. Treasury Awards $55 Million In New Markets Tax Credit Capacity to CEI Capital...
Today the U.S. Department of Treasury allocated $55 million in New Markets Tax Credit capacity to CEI Capital Management. The firm will deploy the award to economic development projects that create opportunity in rural, low-income communities across th...
Assemblymember Barrett: New York State Recognizes Veterans for Their Remarkable Service
Assemblymember Didi Barrett (D-Columbia, Dutchess) announced the passage of legislation she authored that will ensure veterans of recent conflicts receive the property tax exemption they deserve. The bill specifically directs the Division of Veterans' ...
Governor Abbott Signs Legislation Providing Over $4 Billion In Tax Relief For Businesses And...
Governor Greg Abbott today hosted a bill signing ceremony at Advanced Micro Devices (AMD) in Austin, TX where he ceremonially signed into law HB 32 (D. Bonnen, R-Angleton; Nelson, R-Flower Mound), which will permanently reduce the business franchise ta...
Statement From A.G. Schneiderman On Rent Laws
Attorney General Eric. T Schneiderman released the following statement today on New York City's expiring rent regulation laws
Connecticut Mayors Gather to Praise State Budget Aid
Eleven mayors from Connecticut cities and towns representing nearly one million state residents gathered in Hartford today to praise the state budget passed last week by Democrats in the General Assembly, saying it provides essential public school aid ...
DiNapoli: Finger Lakes Group Homes Overpaid for Food and Supplies, Wasting Taxpayer Money
The state’s Office for People with Developmental Disabilities’ Finger Lakes Developmental Disabilities Service Office (DDSO) skirted state procurement laws for more than 1,400 purchases worth more than $1 million, gave one vendor an unfair advantag...
Rubio, Shaheen Bill Becomes Law
U.S. Senators Marco Rubio (R-FL) and Jeanne Shaheen (D-NH) welcome today’s signing of the “Girls Count Act” into law. The bill, which they introduced earlier this year, will direct current U.S. foreign assistance programming to support the rights...
Montgomery County Warns Property Owners About Deceptive Letter Soliciting Payment to Reduce Property Tax...
Montgomery County’s Office of Consumer Protection (OCP) is warning property owners not to be fooled by adeceptive letter which encourages consumers to pay $99 to petition to have their property tax assessment reviewed.
Bill Would Improve California’s Dams and Provide Relief From Drought
H.R. 2749; the Dam Authorization, Maintenance, and Safety (DAMS) Act would authorize the Secretary of the Interior to repair or modify aging dams and evaluate whether additional modifications could be made to the dam facility to increase water storage ...
SCHUMER, IN MEETING WITH NEW MARKET TAX CREDIT LEADERS & SIBLEY BUILDING OWNER, PUSHES...
Sibley Building Currently Planning $200 Million Redevelopment, But Requires New Market Tax Credits to Move Forward on Plans – In Last Year’s “Fiscal Cliff” Deal, Schumer Secured Extension & Funding of NMTC
Public Hearing for Low-Income Housing Tax Credit Qualified Allocation Plan
The public is hereby notified that public comments will be accepted concerning proposed amendments to the Low-Income Housing Tax Credit Qualified Action Plan of the Connecticut Housing Finance Authority (CHFA).
Department of Revenue to Match Approximately $14.7. Million in Unclaimed Property to Taxpayers
Some owners will get a check for their unclaimed property, while others with larger property value amounts will get a letter with information about how to file a claim.
THDA Reports on Past & Future of Tennessee’s LIHTC
With a severe shortage of affordable rental housing in Tennessee, THDA is issuing a new study on the state’s largest, most effective solution. The report takes an in-depth look at the 28-year history of the Low Income Housing Tax Credit (LIHTC) in Te...
