According to 2011 Census data, there are approximately 27 million businesses in the United States. Of these 27 million businesses, 90 percent of them are what are called “pass-through” businesses.
In regard to...
Gov. Christine Gregoire (D) has called a special legislative session to reinstate the 1 percent property tax cap invalidated by the state supreme court, as we reported here. The governor's previous plan of merely asking the local governments not to tax more didn't work:
Gregoire has urged local governments to continue heeding the 1 percent cap. The governor said Monday that she decided to call the Legislature into session because a handful of local governments said they planned to take advantage of the Supreme Court decision and raise taxes above the cap.
"I'd hoped that local governments would feel as I did. They couldn't give me the guarantee, and that was the tipping point," she said.
Another proposal would allow middle-income homeowners to defer up to one-quarter of their property taxes, with interest.
Democratic leaders in the House and Senate support the proposal. Their party holds large majorities in both chambers.
But Senate Republican Leader Mike Hewitt, R-Walla Walla, wasn't impressed with the idea, noting the hefty interest. "I don't know what it's going to do for people," he said. "I'm not particularly fond of deferrals."
House Majority Leader Lynn Kessler, D-Hoquiam, said the measure could help some people in a bind keep their house. She said the income cap would be high enough to help the middle class.
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In regard to...
Michigan’s Senate approved a bill yesterday to extend the state’s film tax credit program, which was limited and reduced in 2011 and set to expire in 2017. It’s now up to the House to decide whether to proceed. From...