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The Latest Breaking News from Sales Tax

Gov. DeSantis proposes $115 billion budget plan, which would offer $1.5 billion in tax breaks

TALLAHASSEE, Fla. — Gov. Ron DeSantis unveiled a nearly $115 billion budget recommendation Wednesday that includes $1.5 billion in tax relief on everything from baby diapers to gas stoves, while keeping nearly $16 billion in reserves.

Orlando Sentinel

Karl Smith: Republican tax proposals aren’t as bonkers as they sound

Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the Internal Revenue…

Tribune News Service

Here’s what you need to know about the fight over property tax cuts in the Texas Legislature

Republicans are wrestling over how much of the state’s nearly $33 billion budget surplus to spend on property taxes. Democrats have their own ideas about what to do with the cash.

The Texas Tribune

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Editorial: 'Fair Tax' won't pass, but even the debate is an ominous omen about McCarthy

There is a 0% chance that a proposal to eliminate the federal income tax and replace it with a massive national sales tax will even get out of the Republican-controlled House, let alone become law. But the fact that such a bluntly soak-the-poor idea is even getting an airing under…

St. Louis Post-Dispatch

GOP wants to impose 30% US sales tax

The bill would also eliminate corporate income taxes and abolish the IRS

Salon

GOP congressman says to not ‘buy a boat’ when asked about plan to hike sales tax

Democrats have criticised the proposal from the Georgia Republican to eliminate the income tax in favor of a national sales tax

The Independent UK

McCarthy backtracks on GOP tax plan

The bill was a key concession to GOP hardliners but now it may not even get a committee vote

Salon

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Biden set to hammer GOP over national sales tax in major economic speech

He'll also accuse Republicans of wanting to gut entitlement programs.

Axios

States put grocery taxes on ice

As inflation soared in the past year, families in some states suffered a double whammy — paying food sales taxes on top of higher-priced groceries.

Tribune News Service

Cook County’s property sales tax process is ‘wholly unfair’

The current system discriminates against Black and Latino residents, often resulting in loss of a family’s home over a minuscule amount of unpaid property taxes.

Chicago Sun-Times

Low-Tax States for 'Middle-Class' Families

Here are the best states for families with middle incomes (due to low tax burdens).

Kiplinger

Panthers owner settles tax fight over failed practice space

The South Carolina county where Carolina Panthers owner David Tepper started building and then abandoned a new $800 million practice facility has reached a settlement over $21 million in sales tax money given to the NFL team

The Independent UK

Should San Diego region continue with $160B rail expansion plan?

The San Diego region's large $160 billion rail expansion plan might be in jeopardy after more financially conservative future members won their November elections.

Tribune News Service

Fifty years ago, the new Whitlam government removed the luxury sales tax on the pill. It changed Australian women's lives

Amid the scale and sweep of the list of decisions made by the Whitlam government in their first week in office, most people remember the big changes: freeing all draft resisters from prison, or official recognition of Communist China.

The Conversation

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WEKU

Computer clicks on Monday can mean bucks in Kentucky's coffers

Lots of clicking on a computer keypad is likely to occur all across Kentucky Monday. It’s Cyber Monday and sales taxes will flow into state coffers. Kentucky collects those revenues from both in-state and out- of-state online purchases.

The Independent UK

CVS to reduce prices of menstrual products and cover the sales tax: ‘Women deserve quality’

‘We’ve reduced the price on CVS Health brand period products by 25 per cent in core CVS Pharmacy locations,’ the pharmacy said in a satement

The Conversation

A provincial sales tax is the solution to Alberta's fiscal roller-coaster

With a new Alberta premier taking office in October and a general election required by the end of May 2023, fiscal policy may become a wedge issue between Alberta’s United Conservative Party and the NDP.

The Hindu

Andhra Pradesh: Owners of fuel pumps close to Karnataka border at their wits’ end

As fuel is available for relatively lesser price in the neighbouring State, outlets in A.P. are forced to close shop, or make do with meagre sales

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Benzinga

Here's How Xero And Avalara Are Bringing 'Peace Of Mind On Sales Tax'

Detroit-based Benzinga sent its team to New Orleans for Xerocon, Aug. 24-25. During that time, Benzinga sought to recognize the innovation in accounting technology and spoke with founders, investors and others.

The Texas Tribune

Texas Gov. Greg Abbott joins other key Republicans in supporting repealing the “tampon tax”

Advocates have previously called for repealing the sales tax on products like tampons, sanitary pads and pantyliners. Menstrual products are already tax-free in 24 states.

AFP

Germany to lower tax on gas to help consumers

Berlin (AFP) - Chancellor Olaf Scholz said on Thursday that Germany would temporarily slash the sales tax on gas to help consumers facing soaring bills amid a crunch in Russian energy supplies.

Chicago Sun-Times

Illinois’ sales tax holiday on back-to-school gear starts Friday

The holiday, which reduces the state’s portion of sales tax on select supplies, clothing and footwear, will last through Aug. 14.

Tribune News Service

How to save on back-to-school items during tax-free shopping days

There’s no dispute that the cost of consumer goods is soaring. The U.S. inflation rate rose 9.1 percent for the 12 months ending June 2022. With rising prices across many sectors, the prospect of shopping for your child’s school items can be daunting. What was once economical may now be…

USAFacts

What is the “tampon tax”?

Twenty-nine states do not charge sales tax on menstrual products.

Tribune News Service

As prices rise, the push to end diaper taxes grows

To help inflation-plagued and struggling families ease the burden of buying necessities, several states are scrapping the sales tax on infant and adult diapers.

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