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Senior senators recently unveiled bipartisan legislation designed to repeal a World War I-era federal excise tax on new heavy-duty trucks, tractors and trailers.
With 400,000 signatures needed to repeal a recent tax, tensions are rising. The stakes for Washington's economy have never felt higher. Continue reading…
As the one-year anniversary approaches of President Trump signing the so-called “One Big Beautiful Bill Act” (OBBBA) into law on July 4, the Institute on Taxation and Economic Poli...
(The Center Square) - The Washington Secretary of State notified Let’s Go Washington Wednesday afternoon that the initiative to repeal the income tax (IP26-645) has been certified...
A bill introduced in the U.S. Senate today seeks to help modernize the American trucking industry by repealing the federal excise tax. On June 2, 2026, U.S. Senators Todd Young (R-...
HB 4168, June 13, 2026 (Signed by Governor Hobbs) On June 13, 2026, Governor Hobbs signed HB 4168 into law, enacting a comprehensive update to Arizona’s individual and corpora...
Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 6...
Withdrawal of 18% sales tax meets longstanding demand of industry stakeholders
July 4 marks the one-year anniversary of the Working Families Tax Cuts, also known as the One Big Beautiful Bill Act — a landmark NAHB-supported law that permanently extended the 2...
TUMWATER — Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for Nov...
Multiple bills in Congress aim at permanent social security taxes elimination, while the One Big Beautiful Bill offers a temporary $6,000 The post Congress Is Pushing to End Federa...
A bill introduced by Sen. Ruben Gallego would permanently eliminate the federal social security tax exemption The post This Bill Could Permanently End Federal Taxes on Social Secur...
July 4 marks one year since the enactment of the One Big Beautiful Bill Act, and analysts across the tax policy spectrum are taking stock: who received tax relief (and how much), w...
Just as many parts of American life have transformed over the past 250 years, so too has the federal tax system. While most taxes levied in the 18th century are still levied in som...
ITAT Delhi Deletes ₹4.05 Crore Addition Under Section 68: Repayment of Earlier Advances Cannot Be Taxed Again In an important ruling concerning additions under section 68 of the...
An Indiana lawmaker said he's working on a plan that would fully repeal Indiana's property tax system and replace it with a 7% sales tax on services.
(The Center Square) - More than 242,000 Washington voters have signed petitions for an initiative that hopes to repeal the state’s new income tax as organizers seek to break the al...
The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.
Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for June 10, 2026 – June 21, 2026. June 9, 2026: A Treasury Inspector General...
The government has introduced sweeping amendments to the Finance Bill 2026, removing the proposed Sh10-per-kilogram levy on locally produced sugar, reducing excise duty on imported...
(The Center Square) – Backers of an initiative that aims to repeal Washington’s new income tax of 9.9% on income over $1 million turned in 511,408 signatures Thursday to the Secret...
It's unclear whether the move would affect a provision of the settlement between Trump and the IRS that barred it from pursuing any probes into his tax returns.
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