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State-by-State Tax Legislation in Response to Federal Tax Reform
The Tax Cuts and Jobs Act, the major tax reform law passed into law at the end of 2017, has had many affects on taxpayers, particularly regarding the deductiblity of property and local taxes, but also in other areas. As a result, many states have passed new tax measures to compliment or counter the affects of the new federal tax laws on their residents.
Report: ‘Sin’ taxes pose fiscal — not health — risks for states
Connecticut and most other states need to be cautious about their rapidly increasing reliance on cigarette and other volatile “sin” taxes, according to a new report from Pew Charitable Trusts. The report offers a similar caution about legalizing and taxing recreational marijuana, warning revenue-hungry states from assuming big cash returns right away.
Insurers seek rate hikes for 2019, but less than previous year
Arielle Levin Becker / The CT Mirror Insurance Commissioner Katharine Wade. Most insurance companies selling individual and small group health plans in Connecticut have requested significant rate increases for next year, attributing the proposed hikes to growing health care costs and uncertainty in Washington D.C. about the erosion of the Affordable Care Act.
Gov. Malloy, AG Jepsen: Connecticut Joins Lawsuit to Protect State Taxpayers from Drastic Cut in State and Local Tax Deduction
Governor Dannel P. Malloy and Attorney General George Jepsen today announced that Connecticut has joined a lawsuit to protect the state and its taxpayers from Washington’s drastic curtailment of the State and Local Tax (SALT) deduction.
Connecticut Joins Lawsuit Challenging Federal Tax Law
Connecticut joined three other states Tuesday and filed a federal lawsuit against U.S. Treasury Secretary Steven Mnuchin and the U.S. Internal Revenue Service over the new $10,000 cap on the federal tax deduction for state and local taxes. The lawsuit filed in the Southern District of New York argues that the new cap on the state and local tax (SALT) deduction was enacted to target Connecticut and similarly situated states, and interferes with states’ rights to make their...
Taxpayer Advocate: Cuts to IRS Budget Spread Agency Thin
National Taxpayer Advocate Nina Olson delivered her mid-year report to Congress in late June, and told legislators that cuts to the IRS’s budget has the agency spread critically thin, with funding reduced by 20 percent since fiscal 2010 (as adjusted for inflation).
“Phase Two” of Federal Tax Reform in the Works?
Recent comments made to Fox News by President Donald Trump suggest that the corporate tax rate may decrease further still...
IRS Working on a New Form 1040 for 2019 Tax Season
The Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.
Connecticut Labor Hopes To Blunt Janus
It was not unexpected, but the U.S. Supreme Court’s 5-4 decision in Janus v. AFSCME found government unions can’t force non-members to pay “agency fees” and it’s being framed by those who support the ruling as a blow to public sector unions. But public sector unions in Connecticut have been preparing for the decision by making their case to their employees to join the union and blunt any deleterious impact.
National Taxpayer Advocate identifies priority areas in mid year report to Congress; focuses on customer service
National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report to Congress that presents a review of the 2018 filing season, identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year and contains the IRS’s responses to each of the 100 administrative recommendations the Advocate made in her 2017 Annual Report to Congress.

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