State and Local Taxes

 $520M Shortfall for Pennsylvania Budget

May 2, 2013 

$520M Shortfall for Pennsylvania Budget

An estimate released Wednesday by the state's Independent Fiscal Office shows a $520 million shortfall between projected general fund revenues and Gov. Tom Corbett's proposed budget through the end of the next fiscal year.

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April 19, 2013 

‘Tax Freedom Day’ arrived five days later this year

Tax day might have been Monday, but "Tax Freedom Day" arrived on Thursday, April 18, the 108th day of 2013, according to the Tax Foundation's annual calculation. Up until today, Americans have been working for the government.

 Boy Scouts may risk loss of tax exemption in California

April 11, 2013 

Boy Scouts may risk loss of tax exemption in California

Some California lawmakers seeking to pressure the Boy Scouts of America to abandon its ban on openly gay members are taking a novel approach: They are threatening to strip the organization of its state tax exemption.

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April 8, 2013 

Daytona Speedway may get $100M in tax breaks, even with first quarter profit of $13.5M

Just days after Daytona-owner International Speedway Corp. reported a first-quarter profit of $13.5 million, the Florida Senate on Monday began moving a bill that would give the NASCAR promoter and racetrack owner nearly $100 million worth of tax breaks over the next 30 years. Executives at Daytona Beach-based ISC said the incentives in the bill...…

 Californians facing challenging tax season

March 14, 2013 

Californians facing challenging tax season

Live in California and earn $250,000 last year? Yes, you'll probably pay more in state taxes. Paying back a student loan? You might be able to deduct more from federal taxes than you expected. Commute to work? You could get a break, too.

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