tax rebates Archive
TweetShareSharePin0 Shares Idaho Governor Brad Little (R) has called a special session for September 1, 2022, to consider another round of tax reform and relief legislation that would return surplus revenue to taxpayers while making the state’s tax code more economically competitive. House Bill 1 would move Idaho to a flat income tax structure, reduce the
TweetShareSharePin0 Shares Key Findings Ten states enacted individual income tax rate reductions. Six states enacted corporate income tax rate reductions. Oklahoma became the first state to make permanent the full expensing of capital investments by C corporations in the year they made the investments. Two states permanently exempted groceries from their respective sales tax bases.
TweetShareSharePin0 Shares As out-of-control inflation strains families’ budgets, lawmakers across the country are casting about for ways to respond. In Oklahoma, legislators have proposed sending taxpayers $75 checks in December ($150 for married couples) to help blunt the impact of higher prices. In one respect, it’s a drop in the bucket, with inflation costing the