One of the provisions in the Biden administration’s $1.9 trillion American Rescue Plan of 2021 prohibits states from using the federal relief cash either directly or indirectly to reduce taxes. In response, Ohio, Arizona, Missouri and a host of other – mostly red – states have filed suit against the Biden administration challenging the prohibition.…
Read More »North Carolina Governor Roy Cooper last week vetoed legislation that would have cut the tax rate on franchises in North Carolina. Protesting that the bill “prioritizes corporate tax cuts over investments in education . . .”, Governor Cooper vetoed S.B.578 which cut business franchise taxes at the same time that he signed a different tax…
Read More »
Looks like it could be a long, hot and potentially expensive summer for Dunkin’ and other quick service franchise owners around the country. SeveraLabor and activist groups have been on a roll around the country, championing proposals that push up costs for franchise owners and other small business owners. Launched nearly a decade ago, the…
Read More »
With all that has been written about the long-awaited $1.5 trillion Tax Cuts and Jobs Act of 2017, of the most particular interest to Dunkin’ Donuts franchisees may be the comments of Robert Cresanti, the CEO of the International Franchise Association. In a statement issued prior to the signing, Cresanti thanked the Senate for “listening…
Read More »Congressional leaders have named the conferees from the US House and the US Senate who will work to narrow differences between the two different tax reform bills. House Ways and Means Committee Chairman Kevin Brady (R-TX) signaled he is open to discussing major changes to the bill in conference, including whether to hike the corporate…
Read More »Maryland Governor Larry Hogan continued his quest to roll back taxes and shrink the financial bite of government on Marylanders this week announcing a number of additional tax cuts he is proposing. Hogan unveiled the proposals one day before the legislative session began this week and a week after unveiling his $17 billion FY’17 budget…
Read More »On the flip side of the Cuomo push for increasing minimum wages, he is expected to propose some $300 million in business tax cuts when he gives his budget and State of the State address this week in Albany. Those small businessmen and women who pay their taxes at the personal income tax rate will…
Read More »Florida Governor Rick Scott is looking to push through additional tax cuts for businesses in the Sunshine State as well. Scott has long let it be known that he wants additional cuts made to state taxes and has even filed legislation to do away with the state income tax. Now, he’s proposed a broad array…
Read More »As state legislatures around the country begin their 2015 sessions in earnest, we couldn‘t help note that several are now looking at reducing tax burdens and making more of an effort to “live within their means”. In his State of the State address, New York Governor Andrew Cuomo highlighted his “2015 Opportunity Agenda”, which calls…
Read More »
With midterm elections coming up in November, a lot of attention will be focused on small business owners. Lawmakers – and candidates – are interested in knowing how tax policies, regulation and confusion in the marketplace impact your bottom line. We know you’re interested too, that’s why we round up what’s brewing across the nation.…
Read More »