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Washington ~ Personal Income, Cigarette Taxes: Governor Proposes Capital Gains Tax, Increased Cigarette Tax

December 22, 2014

Washington Gov. Jay Inslee has released a budget proposal that includes a capital gains tax. Specifically, under the proposal, the state would apply a 7% tax to capital gains earnings above $25,000 for individuals and $50,000 for couples. Exemptions would … Continue reading

Michigan ~ Sales and Use Tax: Voters to Decide on Constitutional Amendment to Increase Tax Rate

December 22, 2014

The Michigan Legislature has passed a joint resolution to submit a constitutional amendment to increase the sales tax rate from 6% to 7% to voters on May 5, 2015. The constitutional amendment would also exempt gasoline and diesel fuel used … Continue reading

Iowa ~ Property Tax: VoIP Provider Could Be Taxed as Telephone Company

December 22, 2014

A cable company that began offering voice over Internet protocol (VoIP) service was subject to central assessment for Iowa property tax purposes as a telephone company. In mid-2006, the taxpayer began offering VoIP service to its residential customers in the … Continue reading

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