State/Local Feed

Cook County residents lined up last week to tell county commissioners what they thought about the board's proposed soda tax. (Photo by Hal Dardick via Twitter) Cook Cook County officials implemented a tax on sugary beverages this summer. That levy, which was designed to (1) promote healthier habits among Chicago-area residents, (2) raise more much needed money for the Illinois county or (3) both, has fizzled. On Wednesday, Oct. 11, county commissioners voted 15-2 to repeal the penny-per-ounce tax, which, like similar proposals, is usually referred to as a soda — or pop in the Midwest — tax. Collection of... Read more →


AT&T Stadium, originally known as Cowboys Stadium when it opened its doors in 2009 and forever known as Jerry's World regardless of which company buys naming rights, is home to America's Team. It also hosts college football's Cotton Bowl game, as well as a variety of other sports and entertainment activities. NFL team owner Jerry Jones footed most of the billion-dollar stadium's cost, but Arlington voters approved an increase of the city's sales, hotel occupancy and car rental taxes to help pay for the facility. Arlington also provided millions in bonds to help Jones cover any cost overruns. (Photo by... Read more →


Who's in the middle class will determine in large part whether that group of Americans gets Republican-promised middle class tax relief. One of the big debates about any tax reform is whether or how much it will benefit the middle class. That was a question in today's #TaxBuzzChat about the recently released Republican framework for tax reform. First, however, we need to decide what is and who is part of the United States middle class. There are several ways to define the middle class. Some say it is based on income. Other define it by lifestyle. Still others say middle... Read more →


Congress hopes to move beyond talk and have tax reform details in writing by mid-November. The Senate Budget Committee released its 2018 budget blueprint on Sept. 29, setting the stage for up to $1.5 trillion in tax cuts over the next 10 years. That's an astounding, alarming, amazing, pick-your-adjective amount. But the figure that caught my eye, and which earns this week's By the Numbers honor, is 13. As in Nov. 13. That's the date set in the Senate budget resolution by which it wants some legislative flesh attached to the framework of a tax reform that Republicans released on... Read more →


The arrival of a new NFL season each year also means the arrival of fantasy sports. More states are looking to regulate and, of course, tax daily fantasy sports operations. How's your National Football League team doing this season? For most fans, the answer is probably pretty good. A quick glance at NFL.com's standings after week three shows a preponderance of 2-1 teams, along with a handful that are undefeated. For many fans, however, the more important, and potentially lucrative, question is how is your fantasy football team doing? Quick confession here. I watch NFL games (until my teams start... Read more →


Shelley Long and Tom Hanks confront one of many (MANY) problems of homeownership in 1986's "The Money Pit." (Click image to view full MovieClips.com scene.) How expensive is owning a home? So expensive that many homeowners view "The Money Pit" as a documentary. But, we console ourselves, at least we get some nice tax breaks for our piece of the American Dream. In many cases, though, the reality of buying a house is, at best, a wash economically. Some folks would be better off financially renting. Ah, but emotionally, there's little that can beat the feeling of having your own... Read more →


House Ways and Means Chairman Rep. Kevin Brady of Texas, surrounded by his Republican colleagues, displays a postcard tax return his Party says will be possible under the tax reform framework released today. (Screenshot of C-SPAN video; click image to watch tape.) And so tax reform 2017 begins. Unfortunately, it begins vaguely. The Republican Party today released its "Unified Framework for Fixing Our Broken Tax Code." That long title, which is in dramatic all capital letters on cover of the nine-page document, belies the amount of information it provides. In fact, there are fewer tax details in this latest GOP... Read more →


Real estate taxes, along with other now-deductible state and local levies, could be eliminated as part of the forthcoming Republican tax reform plan. One thing is true when it comes to tax law changes. Some people win and some people lose. The big question as we await the Trump Administration's tax reform proposal is who will end up in which group. One segment seen as a potential big loser in the proposal Republicans will release on Wednesday, Sept. 27, are the Americans who pay state and local taxes. These include income, sales and property taxes, all of which currently can... Read more →


UPDATE: On Oct. 2, 2017, South Dakota made it official when Attorney General Marty Jackley filed a petition for certiorari, asking the United States Supreme Court to review the South Dakota Supreme Court decision in State of South Dakota v. Wayfair, Overstock and Newegg. South Dakota wants the nation's highest court to overrule current physical-presence requirement that prevents it (and other states) from requiring out-of-state retailers to remit taxes for sales made within state borders. Online is the preferred purchasing method for millions. That's why states are looking at law changes, and court rulings, that let them get their sales... Read more →


One of the major drivers of the latest federal tax reform effort is the corporate tax rate. The Trump Administration is still pushing for a 15 percent corporate tax rate, the White House's budget director, Mick Mulvaney, told CNBC last week. However, just the day before Treasury Secretary Steven Mnuchin conceded a 15 percent rate would be difficult to attain. Meanwhile, one Washington, D.C.-based tax policy group has looked at how much corporate taxes contribute per capita to state coffers. That analysis by The Tax Foundation earns this week's Shout Out Saturday honors. Not a major tax matter: "The corporate... Read more →


Donald J. Trump is Tweeting about tax reform. He's also holding bipartisan dinners at the White House to talk taxes. West Virginia Democratic Sen. Joe Manchin was pleased steak was on the menu. The White House website has a video explaining how the tax code is broken. House Speaker Paul Ryan says Congressional Republican's tax reform plan outline will be released in a couple of weeks. Meanwhile, pundits have been honing their prognostication skills, attempting to tease out tax possibilities and their potential effects. But despite all this action, the bottom line is that it's still just a big tax... Read more →


Aside from the damage that hurricanes cause, one of the biggest problems is that they often, especially in September, effectively come back to back. Hurricanes Katia, Irma and Jose (left to right) lined up earlier in September. (National Hurricane Center radar image) That's what happened with Hurricane Irma. The angry sister of Hurricane Harvey walloped all of Florida three weeks after coastal Texas was gut-punched by Harvey's historic flooding. The back-to-back U.S. landfalls was a first for Category 4 storms. The only good news here, at least tax-wise, is that the Internal Revenue Service has a Harvey template for Irma... Read more →


Amazon's headquarters (center high rise) dominates downtown Seattle. Now the online retail giant is looking to build a second HQ in another North American city. (Photo courtesy Amazon) In June, Amazon acquired what many Austin residents felt was a part of the city's core, the organic grocer Whole Foods. Now Texas' capital city is looking to get something back from Amazon — the online retailer's second headquarters. But becoming home to that new facility also raises a big question: At what tax cost? Second HQ as big as the first: Amazon announced Sept. 7 that it's looking for a city... Read more →


Colorfully coiffed "Girls Trip" friends Jada Pinkett Smith, Tiffany Haddish, Regina Hall and Queen Latifah partying in New Orleans. I've been a film fanatic from an early age. It started when I was a back-seat viewer on the family's regular summer night trips to the drive-in. Movies were a much needed break from real life in terrible times, like when Mom took my little brother and me to see "20,000 Leagues Under the Sea" to get us away from the news of JFK's assassination. And the annual airing of "The Wizard of Oz" was must-see TV in our house, especially... Read more →


Houston paramedic Jesus Contreras, shown with some of his coworkers, was brought to the United States by his mother when he was just six. He is one of the almost 800,000 young people facing potential deportation if the Trump Administration revokes an Obama-instituted immigration leniency action. Click image to see the full NBC News report, via Twitter, on Contreras and the law. The White House is expected to make a decision on President Obama's Deferred Action for Childhood Arrivals (DACA) program as soon as Tuesday, Sept. 5. UPDATE, Sept. 5: It's official. DACA is ending. In a press conference this... Read more →


People are still being rescued in flooded Houston, so very few — even those who made it through Hurricane Harvey relatively unscathed — are thinking about taxes right now. But when they do begin to face rebuilding their post-storm lives, one of the things they'll have to deal with is taxes. A Texas National Guard soldier rescues a woman from her Hurricane Harvey flooded Houston neighborhood. (Photo by 1Lt. Zachary West, 100th MPAD, via Flickr Creative Commons) The Internal Revenue Service has some good news for folks in Houston and its flooded surroundings, as well as those in other areas... Read more →


Oh, Photoshop. What would the internet be without you? Sometimes, doctored images are welcome innocent examples of good humor. Other times they are cruel and divisive. And the astounding photos tend to skyrocket during times of tragedy and disaster. Take, for example, the photo below of what @Jeggit's Tweet says is a shark swimming in a Houston street flooded by Hurricane Harvey. Jeggit gives us the option to believe it or not. Go with not. It's fake. Mashable has the details on the original shark photo, which over the years has been seen in edited online images swimming through flooded... Read more →


As Hurricane Harvey was bearing down on the Texas Gulf Coast, the Internal Revenue Service was providing some tax relief for victims of earlier natural disasters. Severe storms, flooding, landslides and mudslides in late July caused major damage in parts of West Virginia. Now some of those affected residents get extra time to tax care of tax responsibilities. Tax time, penalty relief: The IRS says that individuals who live or have a business in the West Virginia counties of Harrison, Marion, Marshall and Wetzel have extra time to meet certain tax deadlines that fall/fell between July 28 and Nov. 29.... Read more →


Tropical Storm Harvey is bringing the 2017 hurricane season to my home state. And while it's the Texas Gulf Coast that will take the first hit late Friday, Aug. 25/early Saturday, Aug. 26, the storm will be felt well inland. Including here in Austin. Meteorologists are forecasting that Harvey could be a Category 3 hurricane by the time it makes landfall. If so, it would be the first major hurricane to make U.S. landfall since Wilma in 2005. UPDATE Aug. 24, 2017, 5:30 p.m.: The dire predictions are looking like they are on the mark. This afternoon, Harvey was strong... Read more →


Marvel's reluctant superhero Jessica Jones, portrayed by Kristyn Ritter on the eponymous Netflix series, is back this month in The Defenders. She's why I subscribe. But will I, and millions of others, keep watching if streaming services are taxed? It's the weekend, so that means binge watching. Especially with The Defenders — gotta get me some more Jessica Jones! — now out on Netflix. I'm not alone in subscribing to a streaming service or two. It's a relatively cheap entertainment option, especially when you consider that the 10 or so bucks a month are still less than one night's price... Read more →