| Council takes long-term look at tax relief
The Homer City Council decided Monday to take a wait-and-see approach on several tax reduction plans after receiving a mixed bag of data on the city's financial health. According to information provided by the Kenai Peninsula Borough, the city's property tax revenues are up but sales tax receipts are down. And the cost of doing business is rising substantially as the prices of fuel and utilities continue to climb. Using a combination of first quarter receipts and budget projections for the rest of the year, Homer's increase in property taxes is anticipated to be more than $142,000 above what was budgeted for. That number could shrink, however, as taxpayers are appealing a large number of assessments. Sales taxes, on the other hand, are coming in weaker than expected.
Property tax relief clears Missouri Legislature
Posted: Friday, May 16, 2008 at 11:06 a.m. JEFFERSON CITY, MO. (AP) -- Missouri lawmakers have passed a measure intended to provide relief from large property tax increases. The legislation seeks to ensure governmental entities reduce their property tax rates whenever the assessed property values rise by more than the rate of inflation. Some governments currently are avoiding doing so because of what critics describe as a loophole in the law. The bill sent to the governor also expands property tax breaks to low-income and middle-class seniors and disabled homeowners. The House passed the bill 142-5 Friday. The Senate passed it without dissent earlier this week. (Copyright 2008 by The Associated Press. All Rights Reserved.) .
Roni Deutch Analyzes Tax Views of Remaining Three Presidential Candidates
Nationally recognized tax attorney Roni Deutch has taken an in-depth look at the tax plans presented by the remaining candidates on her blog. Ms. Deutch has frequently blogged on the candidates tax views, and strongly encourages other to "think taxes" this election. North Highlands, CA (PRWEB) May 17, 2008 -- With the presidential election on everyone's mind, The Tax Lady Roni Deutch has taken an in-depth look at the candidates tax plans and posted her findings on her personal blog. "As we get closer to the general election, the candidates' tax views are becoming major components of their respective campaigns," notes Ms. Deutch. "In the beginning of the primary election, no one was talking taxes. However, because of my love of all things tax, I frequently blogged about the candidates' tax positions.
Lawmakers focus on tax bill
ST. PAUL - Property tax relief is topic No. 1 at the State Capitol as the final days of legislative session 2008 wind down. And that means more Local Government Aid could be flowing north to Range cities. The House Monday night finalized its tax bill 80-52, setting up a House/Senate conference committee to hammer out final details before sending a measure to Gov. Tim Pawlenty. Lawmakers face a May 19 deadline to get bills passed.The tax bill conference committee will be announced today and first on the agenda should be a side-by-side comparison of the bills, said Sen. Tom Bakk, DFL-Cook, who is the Senate tax committee chair. .
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