Washington to Raise Taxes for Homeless
Posted by Staff Writer on 5/2/2018 to
Federal and State Taxes
Washington to Raise Taxes for Homeless
Seattle Slams Amazon
IncSmart Washington (Small Business and Startups) - Washington to raise taxes on business for the Homeless. Seattle to pay millions of dollars to help city deal with homeless problems. The largest job creators in the city will be hit the hardest. The money will be spent on homeless shelters and affordable apartments for the 4000 plus people living on the streets.
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Utah Opportunity Zones
Posted by Staff Writer on 4/10/2018 to
Federal and State Taxes
Utah Opportunity Zones
Investments for Low Income Neighborhoods
IncSmart Utah (Small Business and Startups) - The Trump tax cuts have created Opportunity Zones for Utah. Opportunity Zones create an incentive for growth in communities that are underdeveloped or poor neighborhoods. Utah has 181 area, both rural and urban, that are eligible for the program. The governor can only nominate 46 of these communities for these tax incentives that may attract long term development that currently lack infrastructure and jobs.
Tax Incentive for Oregon Business
Posted by Staff Writer on 3/11/2018 to
Federal and State Taxes
Tax Incentive for Oregon Business
Take Action Before March 15
IncSmart Oregon (Small Business and Startups) - The new tax incentive for Oregon business has been created to drive investment in communities that have previously been
hampered by a lack of access to capital. The federal Tax Cuts and Jobs Act of 2017 allows Oregon’s
Governor to nominate up to 86 Opportunity Zones in the state. The final
selections will be made by the U.S. Department of Treasury from this list. Under the new federal tax laws, investors
with currently unrealized capital gains can move those gains tax deferred into
an Opportunity Fund. Opportunity Funds are expected to be created by Community Development Financial
Institutions.
Trump Defense Budget Good For Virginia
Posted by Staff Writer on 12/20/2017 to
Federal and State Taxes
Trump Defense Budget Good For Virginia
National Defense Authorization Act
IncSmart Virginia (Small Business and Startups) - Virginia ready for the new defense budget. President Trump signed into law on December 12, a $700 billion defense budget. The new budget is known as the National Defense Authorization Act. The law funds new priorities for the military. The budget includes $26 billion for 14 new ships, $6 billion for Virginia Class Submarines, and $5 billion for aircraft carriers. The navy at this time has 270 vessels and would grow to 355 ships with the new bill. All reactors that will go into the nuclear carriers and submarines are built in Lynchburg.
New Jersey Scrambles for Mars Candy Jobs
Posted by Staff Writer on 11/29/2017 to
Federal and State Taxes
New Jersey Scrambles for Mars Candy Jobs
The New Jersey Economic Development Authority Offering Incentive Money
IncSmart New Jersey (Small Business and Startups) - New Jersey scrambles for Mars Candy jobs. The candy company is considering moving over 200 jobs from Chicago to Newark. This move will also consolidate the two existing locations already in New Jersey. Mars Wrigley has also promised to invest $42 million in a leased Newark location and is considering an additional $52 million in a company owned building in Hacketstown. Mars currently has more than 2,400 employees, five factories, and five corporate locations in Illinois. The chocolate and a gum empire makes products such as M&Ms, Snickers, Juicy Fruit and Life Savers.
Colorado Hyperloop
Posted by Staff Writer on 11/15/2017 to
Federal and State Taxes
Colorado Hyperloop
200 MPH Tech Startup in Denver
IncSmart Colorado (Small Business and Startups) - Colorado Hyperloop in Denver to test 200 mph Hyperloop-inspired track with tech startup Arrivo. Arrivo has partnered with the Colorado Department of Transportation to invest in a test track. Cars can be driven onto one of the Arrivo pods for a ride. There are also passenger pods without vehicles. The pods but can also be used to ship cargo containers and passenger shuttles. Denver would be the first city in the world to get a hyperloop as a public transport system.
Illinois County Rolls Out Soda Tax
Posted by Staff Writer on 8/9/2017 to
Federal and State Taxes
Illinois County Rolls Out Soda Tax
Federal Food Stamp Benefits are Exempt
IncSmart Illinois (Small Business and Startups) - Illinois county rolls out it's new soda tax. The penny per ounce tax on sugared beverages went into affect August 1. The tax applies to bottled sweetened beverages which includes soda, sports drinks, energy drinks, flavored water, and pre made sweetened coffee and tea with less than 50% milk content. The tax makes soft drinks sold in Chicago among the most expensive in the country, joining the cities of Philadelphia and San Francisco.
District of Columbia NATO Payments
Posted by David Oliver on 5/25/2017 to
Federal and State Taxes
District of Columbia NATO Payments
Only 5 of 28 NATO Members Meet Targets
IncSmart Washington DC (Small Business and Startups) - The U.S. spent over $650 billion on defense last year. That's more than double the amount all the other 27 NATO members spent on defense. The total expense for NATO is $950 billion. Only five members are spending the agreed on fees. The member are the U.S., Greece, Poland, Estonia and the U.K. These 5 are the only members meeting its agreed to target money.
District of Columbia Tax Boost from Koch
Posted by Davd Oliver on 5/18/2017 to
Federal and State Taxes
DC Tax Gets Boost from Koch
Multi Million Dollar Ad Campaign Begins in Summer
IncSmart Washington DC (Small Business and Startups) - The Koch brothers are planning to spend millions of dollars in support of the Trump tax reform proposals. They will launch a campaign to rally public support for reform. The launch will be a 400 million dollar ad campaign. The House Ways and Means Committee that oversees tax reform, will hold its first tax reform hearing today in the District of Columbia. The Koch campaign will be in following with these meetings.
California Governor Reaches New Low
Posted by David Oliver on 5/18/2017 to
Federal and State Taxes
California Governor Reaches New Low
Brown calls California Tax Payers "Freeloaders"
IncSmart California (Small Business and Startups) - Governor Jerry Brown is a friend to Texas. Large numbers of corporations are leaving California for Texas over taxes. California already has some of the highest taxes in the nation. Now Moonbeam is calling California taxpayers freeloaders. He wants them to pay higher taxes. Californians want him to become more fiscally responsible with their money. They are criticizing his $52 billion tax hike. He then responded to t he complaints and called the tax payers Trump supporters last week in Orange County speech. The new gas tax has been allocated for roads, but the Governor has raided the fund for programs on social services.
IRS Hires Collection Agency in New York
Posted by David Oliver on 4/20/2017 to
Federal and State Taxes
IRS Hires Collection Agency in New York
300 New Jobs Pioneer plans in Upstate New York
IncSmart New York (Small Business and Startups) - The IRS hiring four private collection agencies collect overdue payments who owe money to the federal government. The Internal Revenue Service hired four companies, CBE Group, ConServe, Performant and Pioneer Credit Recovery. Pioneer Credit Recovery is based in Wyoming County New York. Pioneer Credit Recovery employs more than 1,000 people and will be adding 300 more with the IRS contract. Pioneer Credit Recovery, Inc. is a wholly owned subsidiary of Navient Corporation. Navient is publicly traded on the NASDAQ (NASDAQ: NAVI).
California Gas Taxes
Posted by Pat Turner on 4/16/2017 to
Federal and State Taxes
California Gas Taxes
Total Tax will be 30 Cents Per Gallon
IncSmart California (Small Business and Startups) - Governor Jerry Brown signed tax increases for gas taxes and vehicle registration. The prices and fees are going up to raise an additional $52 billion over ten years to help repair the state’s aging roads. In addition, the excise tax on diesel fuel would jump 20 cents per gallon. California is getting close to having the highest gas tax in the nation. Pennsylvania being the top. The automobile registration fees are climbing between $25 and $175.
Free College in New York
Posted by Pat Turner on 4/16/2017 to
Federal and State Taxes
Free College in New York
Cuomo needs a Tax Increase of $163 Million
IncSmart New York (Small Business and Startups) - The Democrat promise of free tuition is one step closet in the state of New York at the cost to tax payers of over $163 million per year. With Tennessee and Oregon already offering free tuition at two year institutions, New York will be the first state to offer 4 year degrees. Cuomo estimates that while one million families will be eligible and could start this fall.
District of Columbia to Cut Taxes
Posted by Davd Oliver on 2/23/2017 to
Federal and State Taxes
District of Columbia to Cut Taxes
Mnuchin to Focus on a Middleclass and Business
IncSmart District of Columbia (Small Business and Startups) - Treasury Secretary Mnuchin reports Trump administration is committed to tax reform by August. Mnuchin also predicts the senate and house would pass laws so economy would have serious growth boom. Sweeping tax reform is high on the Trump agenda. The House of Representatives and the Senate, controlled by Republicans, have been unable to find consensus on a tax package that could pass both chambers.
