General Taxation
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General Taxation News
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Gov. Robert Bentley says both state budgets for the next fiscal year could be cut significantly in the upcoming legislative session because state tax income still isn’t enough to support all services.
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During a General Assembly session dominated by talk of tax increases, two lawmakers Friday proposed extending a tax break for homeowners whose mortgages are underwater.
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The incoming Finance Minister Christina Liu yesterday said a “windfall tax” could be a measure to achieve taxation fairness, but she has no plans to raise the stock transaction tax or introduce a capital gains tax during her term.