Illinois Manufacturers'​ Association’s Post

Colorado taxpayers are set to receive $1.7 billion in refunds next year, thanks to TABOR, the Taxpayer’s Bill of Rights! TABOR, a state fiscal safeguard, has kept government growth in check for 32 years, ensuring excess revenues are returned to taxpayers. Joshua Meyer, Research Manager at the ALEC Center for State Fiscal Reform, highlights in his latest analysis on the economic benefits Coloradoans through its Taxpayer’s Bill of Rights (TABOR). Since 2020, TABOR has led to $9.4 billion in refunds! For 2024, income taxes will drop to 4.25% and Coloradans will get up to $1,142 in sales tax refunds! With TABOR, Colorado remains competitive, fostering a thriving economy. https://lnkd.in/eJMh9Vm2 #TABOR #TaxpayerRights #FiscalResponsibility #Colorado #Economy

Here’s how voters in the Sonoma, Solano, Marin, Napa, Mendocino and Lake counties are deciding on dozens of local measures related to commerce: sales, lodging and other taxes; rent and eviction controls; $1.55 billion in school construction-related bonds; and urban growth boundaries.

Some great insight from OBI! There are even more to be discovered in the most recent report, which can be found here: https://lnkd.in/gNT3BFmW

Last month, our partners at Novogradac & Company LLP published a blog post analyzing the The White House’s proposition to expand the low-income housing tax credit (LIHTC) and create a neighborhood homes tax credit (NHTC) in its FY 2025 budget. The post strategically lays out the important distinctions between the impacts of the proposals and the Neighborhood Homes Investment Act, a bipartisan bill reintroduced this Congress that would create a federal tax credit to support building or renovating owner-occupied homes in distressed neighborhoods. Novogradac estimates the combined LIHTC and NHTC proposals would generate the construction and preservation of an additional 1.73 million affordable homes over 2025-2034,  breaking down the distribution of this number between states and their respective economic impacts on jobs, wages and business income, as well as federal, state and local tax revenue generated. NCST and the Homeownership Alliance commend Novogradac & Company LLP for compiling this predictive document, further emphasizing the importance of leading both LIHTC improvements and the the Neighborhood Homes Investment Act to passage.

With the election less than a week away, Marylanders are probably spending more time right now thinking about Washington than Annapolis.    But the policies made close to home can have a great impact on our day to day lives, and the legislative session starts just ten short weeks from now.   In Maryland, we’re staring down a long path of unfunded commitments. Last year, the legislature considered increasing taxes and fees on Maryland's people and businesses by more than $1.2B to help fill the gap. You can bet that proposal comes back - probably with a bigger price tag - next spring. Many Marylanders simply cannot afford these extra expenses.   Common-sense policies can turn things around though, and that’s why we've launched Opportunity Maryland. Our philosophy is simple: Robust economic growth leads to job creation, balanced budgets and a reduced need for tax increases.   Join us, and let’s work together to make Maryland a place where everyone has the opportunity to succeed.

Illinois is finally #1! https://lnkd.in/euyFvUqP Get busy Illinoisans, pass the millionaire's tax https://lnkd.in/eQRX6AFi Let's see how fast they leave. What a disaster! If it was a high tax, highly productive state you might understand. No matter how high they notch up taxes, that loser state is headed for bankruptcy, restructuring or legislative limbo. Moreover, that festering sore on Michigan's shore (Chicago) will, like a magnetar, suck in all of the state's resources. They should build a wall around Chicago, like in the Hunger Games, or more appropriately, like in Escape from New York.

🏠 Considering a move to Philadelphia? 🌆 It's not just about the vibrant culture and historic sites; you also need to be aware of the taxes. 📊 As your trusted Realtor, I break down everything you need to know about property taxes, wage tax, and more. Discover why Philly might just be the perfect place for you. 🚀 Dive into the details and make an informed decision about your move. Contact me, Dawn D'Amico, for expert real estate guidance in the City of Brotherly Love. 📞🏡 https://bit.ly/4bHwrvX #Philadelphia #RealEstateAdvice #TaxPlanning #DawnDAmicoRealty

#TopSession Community Property Issues in Estate Planning and Administration William Grady IV, J.D., CLU, CFP, Director, Private Wealth, Baker Tilly US, LLP, Milwaukee, WI Michael Lum, J.D., Director, Washington Tax Counsel, Baker Tilly US, LLP, Frisco, TX Community Property Issues in Estate Planning and Administration This is a comprehensive course that provides an in-depth exploration of estate planning with community property. Key topics will include community property fundamentals, estate planning issues and strategies with community property, and the federal tax implications of community property. Understand the principles of community property in estate planning Navigate the tax implications related to community property Understand strategies to manage and transfer community property

Good news, Kentucky businesses and investors! The recent reduction in income tax could mean big savings and new opportunities for growth. 💼 Whether you're exploring commercial real estate investments or expanding your business, understanding how these tax changes benefit you is key. Dive into our latest blog to see how lower income taxes are shaping Kentucky's business landscape and why now is the perfect time to invest: https://lnkd.in/ebRJSuUF Pro Tip: Follow us for insights into commercial real estate trends and opportunities across Kentucky! #KentuckyTaxUpdate #commercialrealestate #BusinessGrowth #HaymakerRealEstate #Kentucky #investmentopportunity