AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
President signs tax bill: new regulations and burdens on state and local governments: several portions of the new Tax Increase Prevention and Reconciliation Act of 2005 significantly impact state and local governments.(Federal Focus)
On May 17, President Bush signed the $70 billion Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA). The tax bill was designed to provide a short-term solution to the increasing application of the alternative minimum tax and extend for two years, until 2010, the dividend and capital gains tax cuts that were enacted in the 2001 legislation. Also included in the bill were a handful of provisions that significantly impact state and local governments, which are highlighted below.
IMPOSITION OF WITHHOLDING ON CERTAIN PAYMENTS MADE BY GOVERNMENT ENTITIES
At the last minute, a 3 percent withholding and annual reporting requirement for federal, ...
- California Official Reveals Plan to Bridge Financial Gap With Local...
- Magazine article from: The Bond Buyer Marois, Michael B. August 20, 1999 700+ words
...between the state and its local governments, saying the plan could...yet would not require a tax increase. "Local governments cannot continue to operate...sentenced California's local governments to a position of desperation...
- Plan won't increase taxes, city claims.(Government)(An opponent says local...
- Newspaper article from: The Register-Guard (Eugene, OR) September 5, 2007 700+ words
...away from other local governments, but it would not...would cause other local governments to forgo property...city's latest gas tax increase before voters...and several other local governments in Oregon rely on...
- Thompson hints use of veto to hike tax increase
- Newspaper article from: Chicago Sun-Times Steve Neal; Fran Spielman May 19, 1989 700+ words
...40 percent state income tax increase. "The problems facing...solved by a temporary tax increase," Thompson said...which stipulates that the tax increase should benefit education and local governments, slights other areas...
- Automobile Club of Southern California joins local governments in support of...
- Press release article from: PR Newswire May 23, 1986 700+ words
...required' a tax increase," Stephen...1984, when local governments asked the Legislature...Proposition 47, local governments will be constitutionally...unjustified tax increase." The proposal...allocated to local governments," he said...
- Nassau County Executive Tom Suozzi proposes budget with no county tax increase
- Newspaper article from: Long Island Business News Michael H Samuels September 14, 2009 700+ words
...s lips: No county tax increase for 2010. The Nassau...proposed a no-county tax increase for his $2.6 billion...schools, counties and local governments." Last year Suozzi...9 percent property tax increase, keeping it below...
- Why I'm for the state tax increase
- Newspaper article from: Chicago Sun-Times John B. Schwemm June 26, 1988 700+ words
...poorest patients. The tax increase will provide the funds...has been made that a tax increase of this sort ought...It is estimated that local governments will receive some...in new funds if the tax increase is adopted as proposed...
- North Carolina Legislature Nears Approval for Sales-Tax Increase.
- Newspaper article from: Knight Ridder/Tribune Business News September 25, 2002 700+ words
...starting Dec. 1, when local governments may add the half-penny...There was a loud cry by local governments that they needed help...still a skunk. This is a tax increase. Don't let anybody fool...A further victory for local governments Tuesday was the passage...
- State Supreme Court of California kills San Diego County sales tax increase.
- Magazine article from: The Bond Buyer Vrana, Debora December 23, 1991 700+ words
...legality of a 1980 sales tax increase in Los Angeles because...chilling affect on other local governments, such as Ventura...majority-vote sales tax increase for transportation...plan's impact on local governments. Despite the decision...
Source: HighBeam Research, President signs tax bill: new regulations and burdens on state and...