Illinois ‘millionaire’s tax’ moves closer to November Ballot after clearing House committee
House Joint Resolution Constitutional Amendment 21 would raise the state income tax rate on income exceeding $1 million from 4.95% to 7.95%, an increase of 3 percentage points.
COLUMBIA, S.C. (WSPA) - South Carolina has the largest income tax rate in the southeast, with a top income tax rate of 6.2%. However, a new income tax reform bill could change all of it. "End the income tax in South Carolina by putting it into statutory law and requiring…
JACKSON, Miss. (WJTV) - Governor Tate Reeves (R-Miss.) signed House Bill 1, which eliminates the state's individual income tax. The signing took place at the Governor's Mansion on March 27. “I am proud to sign into law a complete elimination of the individual income tax in the state of Mississippi,”…
JACKSON, Miss. (WJTV) - Mississippi lawmakers approved a plan to phase out the state income tax, cut the grocery tax and raise the gas tax, but the final outcome remains unclear. The House voted 92-27 to concur with the Senate in its changes to House Bill 1. The bill now…