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Seven years after its repeal, the tax experiment of former Gov. Sam Brownback remains a hot-button issue in Kansas politics. The Brownback tax cuts have become an issue in two local Topeka races ...
A repeal of the tax cut was attempted in February 2017 by a coalition of Democrats and newly elected centrist Republicans, who passed legislation (Senate Bill number 30 or SB 30) to raise income-tax rates and eliminate an exemption for small businesses. [21] [6] SB 30 repealed most of the tax cuts implemented by HB 2117. It called for:
This Civil War-era income tax was repealed in 1871. A federal income tax was again introduced in 1894, and again included deductions for state and local taxes, [19] but in 1895 the Supreme Court ruled the income tax unconstitutional in Pollock v. Farmers' Loan & Trust Co. [21] [22]
In an effort to offset the TCJA’s costs, the law repealed certain deductions, including the personal and dependency exemptions, and limited the state and local tax (SALT) deduction to $10,000.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
Signed into law Dec. 22, 2017, the Tax Cuts and Jobs Act (TCJA) -- informally known as the Trump tax cuts -- contained a number of changes to individual tax rates that are set to expire after 2025....
The State Income Tax Repeal, also known as Massachusetts Question 1, was one of the 2008 ballot measures that appeared on the November 4, 2008 ballot in the U.S. state of Massachusetts. Voters were asked whether or not they approved of the proposed measure which, if it had passed, would have ended the 5.3% income tax in Massachusetts on wages ...
That act includes a prohibition against using the money to subsidize new state tax cuts, which has already led to constitutional challenges in federal courts from 18 largely Republican-controlled ...