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Ohio considers income tax break for religious donations under HB 444

Ohio lawmakers are advancing a proposal that would allow residents to claim state income tax deductions for qualifying church donations, arguing the move would bring Ohio policy in line with federal tax law while strengthening faith-based services across local communities. House Bill 444, also known as the Tithing Protection Act, was introduced last fall by Republican Rep. Josh Williams of Sylvania Township and Democratic Rep. Dontavius Jarrells of Columbus. The measure received its first he

State News

22 Feb 2026 20:42 PM 226 views

Ohio considers income tax break for religious donations under HB 444

Ohio lawmakers are advancing a proposal that would allow residents to claim state income tax deductions for qualifying church donations, arguing the move would bring Ohio policy in line with federal tax law while strengthening faith-based services across local communities. House Bill 444, also known as the Tithing Protection Act, was introduced last fall by Republican Rep. Josh Williams of Sylvania Township and Democratic Rep. Dontavius Jarrells of Columbus. The measure received its first he

State News

Virginia bill proposes 10% tax on millionaires to fund schools and housing

A proposal to create a new income tax bracket for Virginia’s highest earners is advancing through the General Assembly, with supporters arguing that the measure could generate significant new revenue for public schools, child care programs and affordable housing initiatives across the state. House Bill 188, introduced by Del. Kelly Convirs-Fowler, who represents Virginia Beach’s 96th House District, would establish a higher tax rate beginning in the 2026 tax year. Under the proposal, individuals earning more than $1 million annually would pay a 10 percent tax on income exceeding that threshold. Lawmakers backing the bill say the change would modernize Virginia’s tax structure and target additional contributions from the state’s wealthiest residents. Currently, Virginia uses a relatively flat income tax system in which all income above $17,000 is taxed at a rate of 5.75 percent. Advocates for the legislation contend that the structure places a proportionally heavier burden on middle-income families while allowing top earners to pay the same marginal rate. By creating a new bracket, they argue, the state can make its tax policy more progressive while securing funds for critical public needs. The bill specifies how revenue from the higher tax rate would be distributed. Half of the additional funds would go toward increased basic aid for public schools, a move intended to help districts address teacher shortages, classroom resources and rising operational costs. Thirty percent of the new revenue would be directed to the Child Care Subsidy Program, which assists working families with the cost of care and aims to expand access for low- and moderate-income households. The remaining 20 percent would be allocated to the Virginia Housing Trust Fund to support affordable housing development and homelessness prevention efforts. Supporters say the targeted investments could strengthen education, improve workforce participation and address housing shortages that have affected communities statewide. Critics, however, have raised concerns about potential impacts on business competitiveness and the possibility that higher-income residents could relocate, affecting overall tax collections. Those debates are expected to continue as the measure moves through committee review. In addition to the new tax bracket, HB 188 includes several technical amendments intended to align existing statutes with the proposed changes. The bill remains under consideration in committee, where lawmakers will determine whether it advances to a full vote in the House and Senate. If approved, the policy would mark one of the most significant adjustments to Virginia’s income tax system in decades and could reshape how the state funds key services tied to education, child care and housing.

Finance & Economics

11 Feb 2026 15:43 PM 327 views

Virginia bill proposes 10% tax on millionaires to fund schools and housing

A proposal to create a new income tax bracket for Virginia’s highest earners is advancing through the General Assembly, with supporters arguing that the measure could generate significant new revenue for public schools, child care programs and affordable housing initiatives across the state. House Bill 188, introduced by Del. Kelly Convirs-Fowler, who represents Virginia Beach’s 96th House District, would establish a higher tax rate beginning in the 2026 tax year. Under the proposal, individuals earning more than $1 million annually would pay a 10 percent tax on income exceeding that threshold. Lawmakers backing the bill say the change would modernize Virginia’s tax structure and target additional contributions from the state’s wealthiest residents. Currently, Virginia uses a relatively flat income tax system in which all income above $17,000 is taxed at a rate of 5.75 percent. Advocates for the legislation contend that the structure places a proportionally heavier burden on middle-income families while allowing top earners to pay the same marginal rate. By creating a new bracket, they argue, the state can make its tax policy more progressive while securing funds for critical public needs. The bill specifies how revenue from the higher tax rate would be distributed. Half of the additional funds would go toward increased basic aid for public schools, a move intended to help districts address teacher shortages, classroom resources and rising operational costs. Thirty percent of the new revenue would be directed to the Child Care Subsidy Program, which assists working families with the cost of care and aims to expand access for low- and moderate-income households. The remaining 20 percent would be allocated to the Virginia Housing Trust Fund to support affordable housing development and homelessness prevention efforts. Supporters say the targeted investments could strengthen education, improve workforce participation and address housing shortages that have affected communities statewide. Critics, however, have raised concerns about potential impacts on business competitiveness and the possibility that higher-income residents could relocate, affecting overall tax collections. Those debates are expected to continue as the measure moves through committee review. In addition to the new tax bracket, HB 188 includes several technical amendments intended to align existing statutes with the proposed changes. The bill remains under consideration in committee, where lawmakers will determine whether it advances to a full vote in the House and Senate. If approved, the policy would mark one of the most significant adjustments to Virginia’s income tax system in decades and could reshape how the state funds key services tied to education, child care and housing.

Finance & Economics

Two weeks after GST 2.0 rollout, tax cut benefits yet to reach most consumers

It has been more than two weeks since the rollout of GST 2.0 on September 22, but a nationwide consumer survey indicates that the expected benefits of lower taxes are not being fully passed on to buyers. The reform, which aimed to make a wide range of goods and services more affordable, appears to have produced uneven results across product categories, with automobiles emerging as the only sector showing substantial price reductions. According to a large-scale survey conducted acros

Finance & Economics

06 Oct 2025 03:37 AM 642 views

Two weeks after GST 2.0 rollout, tax cut benefits yet to reach most consumers

It has been more than two weeks since the rollout of GST 2.0 on September 22, but a nationwide consumer survey indicates that the expected benefits of lower taxes are not being fully passed on to buyers. The reform, which aimed to make a wide range of goods and services more affordable, appears to have produced uneven results across product categories, with automobiles emerging as the only sector showing substantial price reductions. According to a large-scale survey conducted acros

Finance & Economics

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

Business

03 Sep 2025 11:51 AM 590 views

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

Business

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

Finance & Economics

02 Jul 2025 06:07 AM 1.15k views

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

Finance & Economics

Trump-Backed No Tax on Tips Plan Passes Senate as Part of 2025 Tax Relief Strategy

In a surprise development, the Senate has passed the No Tax on Tips Act, giving swift legislative approval to a key piece of President Donald Trump’s 2025 tax agenda. Championed as a promise to working-class Americans during Trump’s re-election campaign, the bill provides a significant tax break for service industry workers who receive tips. The legislation, introduced by Republican Senator Ted Cruz of Texas, gained bipartisan support, including from Democratic Senators Jacky Rose

Finance & Economics

21 May 2025 14:26 PM 1.32k views

Trump-Backed No Tax on Tips Plan Passes Senate as Part of 2025 Tax Relief Strategy

In a surprise development, the Senate has passed the No Tax on Tips Act, giving swift legislative approval to a key piece of President Donald Trump’s 2025 tax agenda. Championed as a promise to working-class Americans during Trump’s re-election campaign, the bill provides a significant tax break for service industry workers who receive tips. The legislation, introduced by Republican Senator Ted Cruz of Texas, gained bipartisan support, including from Democratic Senators Jacky Rose

Finance & Economics

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#taxreform

Ohio considers income tax break for religious donations under HB 444

Ohio considers income tax break for religious donations under HB 444

Virginia bill proposes 10% tax on millionaires to fund schools and housing

Virginia bill proposes 10% tax on millionaires to fund schools and housing

Two weeks after GST 2.0 rollout, tax cut benefits yet to reach most consumers

Two weeks after GST 2.0 rollout, tax cut benefits yet to reach most consumers

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

Trump-Backed No Tax on Tips Plan Passes Senate as Part of 2025 Tax Relief Strategy

Trump-Backed No Tax on Tips Plan Passes Senate as Part of 2025 Tax Relief Strategy

USPS Blocks Packages from China: A New Blow to Global Trade

Smriti Mandhana Deletes Wedding Posts After Sudden Family Emergencies, Fans Shocked

Berlin airport remains closed as black ice halts flights across eastern Germany

AI Pioneer from Telangana Develops 94% Accurate Bone Degeneration Detection Model

BRS Alleges CCTV and Phone Hacking by Revanth Reddy Government

Olive Garden unveils limited edition pasta pool floats with free gifts included

Japan’s Future Train Restaurant Opens In Kyoto On An Abandoned Railway Line

Smriti Irani Discusses Kyunki Saas Reboot, Politics, and More

Austin Weather Update: Stormy Saturday, Hot Sunday, Cooler Fall-Like Week Ahead

Donald Trump’s ‘Strait of Trump’ Comment Goes Viral Amid Hormuz Crisis

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USPS Blocks Packages from China: A New Blow to Global Trade

Smriti Mandhana Deletes Wedding Posts After Sudden Family Emergencies, Fans Shocked

Berlin airport remains closed as black ice halts flights across eastern Germany

AI Pioneer from Telangana Develops 94% Accurate Bone Degeneration Detection Model

BRS Alleges CCTV and Phone Hacking by Revanth Reddy Government

Olive Garden unveils limited edition pasta pool floats with free gifts included

Japan’s Future Train Restaurant Opens In Kyoto On An Abandoned Railway Line

Smriti Irani Discusses Kyunki Saas Reboot, Politics, and More

Austin Weather Update: Stormy Saturday, Hot Sunday, Cooler Fall-Like Week Ahead

Donald Trump’s ‘Strait of Trump’ Comment Goes Viral Amid Hormuz Crisis

#taxreform

Ohio considers income tax break for religious donations under HB 444

Ohio considers income tax break for religious donations under HB 444

Virginia bill proposes 10% tax on millionaires to fund schools and housing

Virginia bill proposes 10% tax on millionaires to fund schools and housing

Two weeks after GST 2.0 rollout, tax cut benefits yet to reach most consumers

Two weeks after GST 2.0 rollout, tax cut benefits yet to reach most consumers

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

Trump-Backed No Tax on Tips Plan Passes Senate as Part of 2025 Tax Relief Strategy

Trump-Backed No Tax on Tips Plan Passes Senate as Part of 2025 Tax Relief Strategy

USPS Blocks Packages from China: A New Blow to Global Trade

Smriti Mandhana Deletes Wedding Posts After Sudden Family Emergencies, Fans Shocked

Berlin airport remains closed as black ice halts flights across eastern Germany

AI Pioneer from Telangana Develops 94% Accurate Bone Degeneration Detection Model

BRS Alleges CCTV and Phone Hacking by Revanth Reddy Government

Olive Garden unveils limited edition pasta pool floats with free gifts included

Japan’s Future Train Restaurant Opens In Kyoto On An Abandoned Railway Line

Smriti Irani Discusses Kyunki Saas Reboot, Politics, and More

Austin Weather Update: Stormy Saturday, Hot Sunday, Cooler Fall-Like Week Ahead

Donald Trump’s ‘Strait of Trump’ Comment Goes Viral Amid Hormuz Crisis

Popular Cities