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Central to the package is a reduction of the state income tax rate to a flat 3% for all residents earning over ... Other changes include a doubled retirement income tax exemption for seniors ...
An extra tax exemption for first responders will decrease the tax revenue available to school systems and other local agencies, many of which won’t have a say on whether to enact the exemption.
The statistics researched by the non-profit Prosperity Now proves VITA to be a relevant necessity in poverty reduction. Today, tax preparation remains a highly unregulated industry and around 60% of all taxpayers turn to a paid preparation service. The longevity of the VITA program is dependent on funding being approved and provided by Congress.
Louisiana taxpayers will have to wait at least another year before lawmakers consider eliminating the state's $4.5 billion income tax again. Republican Columbia state Rep. Neil Riser's House Bill ...
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
Louisiana Family Forum Action (LFF Action), is a 501(c)(4) tax-exempt non-profit organization advocacy group formed by LFF. Dan Richey, who holds the title of Grassroots Coordinator for LFF Action, joined the organization as a consultant in 2005.
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This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years. [4] The $600,000 estate tax exemption was to increase gradually to $1 million by the year 2006.