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May 17, 2012 3:39 PM
- On the controversial film tax credit front, movie goers should be thanking New Mexico taxpayers who gave away $22 million in tax credits to the Avengers movie – which has earned over $1 billion so far. The state doled out a total of $96 million in film tax credits last year.
- Stop the presses! There is public support for introducing corporate and personal income taxes in South Dakota. Read about it here.
- The list of tax cuts being promised by Indiana Gubernatorial candidate John Gregg continues to grow. In addition to his earlier plan ,Gregg now promises to eliminate the corporate income tax for any company headquartered in Indiana, and to offer a variety of new “job-creation” tax credits to certain businesses, and to pay for it by asking online retailers to collect a sales tax from Hoosiers (despite the current governor’s agreement with Amazon.com to postpone such a tax until 2014).
- Yet another income tax cut proposal has been unveiled in Oklahoma, this time by Senate leadership. In it, low-income families would fare poorly because it repeals the Earned Income Tax Credit and scales back the grocery sales tax credit.