Tag

Tax Reduction

All articles tagged with #tax reduction

taxation2 years ago

"Alabama Shoppers Rejoice as Grocery Tax Reduction Takes Effect"

Alabama's law reducing the state tax on groceries from 4% to 3% has gone into effect, providing savings for shoppers. The reduction applies to SNAP-eligible foods, excluding alcohol, tobacco, and hot-prepared foods. Another 1% reduction is planned for next September if the Education Trust Fund budget grows by 3.5%. Lawmakers have formed a task force to study the impact of the tax reduction on the fund. Local cities and counties' food taxes remain in effect but cannot be raised higher than current levels.

politics2 years ago

"Revised State Budget Proposal to Increase Public Safety Funding"

Minnesota Governor Tim Walz and Lt. Governor Peggy Flanagan are set to announce a revised version of their budget proposal, which includes an $8 billion tax reduction package and billions in new spending on education, health care, public safety, and a start-up paid family and medical leave program. The original proposal was met with criticism from state Republican leaders who found the overall spending excessive and unfair to schools. The new proposal will be announced on Thursday morning.