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In the past, lawmakers have hesitated to support similar bills, citing the revenue forfeited by exempting the widely bought products.

Two identical bills have been introduced this year in the Arizona legislature that would remove the sales tax added to feminine hygiene products, infant diapers and incontinence products - proposals supported by Gov. Katie Hobbs. Read more»

In March 2022, the FTC sued Intuit over deceptive ads for its so-called 'Free' edition.

After both Intuit and H&R Block left the Free File program, the future of the program is unclear, and it’s still difficult to find truly free tax filing options. The IRS created a tool to help you find this year’s Free File options as it looks into creating a public filing system. Read more»

Senate Minority Leader Mitch McConnell essentially bowed out of this year’s talks on Tuesday, leaving it at Biden and McCarthy’s feet.

President Joe Biden and other Democratic leaders called on the House GOP to “show us their plan,” with lawmakers sharply divided on the debt limit and short on time after the country reached the limit earlier this month. Read more»

The appeals court ruled that even a narrow reading of the provision represents an 'unconstitutional condition' on federal funds.

A provision of the American Rescue Plan Act which would have prevented states from using pandemic relief funds to offset new tax cuts cannot be enforced and violates the spending clause of the U.S. Constitution, a unanimous panel of the 11th Circuit ruled on Friday. Read more»

Donald Trump and the Trump Organization separately face a looming $250 million civil suit, stemming from allegations the company routinely manipulated asset valuations and inflated Trump’s net worth by billions of dollars. 

Found criminally liable for a tax evasion scheme at trial, former President Donald Trump’s real estate companies were ordered to split a $1.6 million fine, the maximum possible penalty for a corporate entity. Read more»

The medical market has continued to bleed both sales and participants, following a trend that has legalized adult-use cannabis years after establishing medical cannabis markets.

For the eighth straight month, and the eleventh time in the past year, Arizona medical marijuana sales dropped from the month prior - clocking in at about $31 million in October 2022 - while adult-use cannabis sales hit a new high in the same month, with more than $85.4 million. Read more»

A late-2021 strategy to include the syndication-killer language in Biden’s Build Back Better bill had unraveled at the hands of Arizona Sen. Kyrsten Sinema, then a Democrat, who demanded that it be stripped out as a condition of her critical vote to win passage of the larger measure.

The recently signed $1.7 trillion spending bill could accomplish what six years of IRS audits and DOJ prosecutions could not: shutting down “syndicated conservation easements” that exploit a charitable tax break meant to preserve open land. Read more»

Trump is the only president in recent history to have refused to make his tax returns public during his campaign, breaking over four decades of a presidential candidate tradition in which they voluntarily do so.

The House Ways and Means Committee released former President Donald Trump’s tax returns Friday morning, the long-fought result of a campaign over three years in the making. Read more»

This year’s Inflation Reduction Act allocates $80 billion to the IRS over the next decade to boost enforcement, operations, taxpayer services and modernization of technical systems.

If you’re trying to evaluate a charity this year, you might have a hard time as the IRS is behind on releasing Form 990s, limiting access to key financial information the public uses to evaluate the nation’s tax-exempt companies. Read more»

The development of tribal enterprises got a boost in the 1970s in part from federal programs, grants and loans - and that’s when state tax collectors came calling.

Courts have protected states’ ability to tax most economic interactions between tribal-run entities and non-tribal companies or individuals, a modern version of wealth extraction, treating tribes as lesser entities whose sovereignty can be ignored. Read more»

Families who meet certain income levels in 2022 will see a return to previous child tax credit levels —  roughly $2,000 per child. Those who made $2,500 or less this past year will receive a partial refund or no benefit at all.

Any last hopes of resurrecting the expanded child tax credit as part of Congress’ massive spending package were dashed early Tuesday when the 4,155-page bill was released without a mention of the tax benefit. Read more»

Earlier this month, a New York state jury found Trump’s real estate company from which he accumulated much of his business growth guilty on 17 counts of tax fraud after six weeks of trial. 

After an hours-long, closed-door meeting, the House Ways and Means Committee voted to release to the public former President Donald Trump’s tax returns, which he has fought to shield for more than three years. Read more»

Cultivation and production of cannabis as a crop are not about to rival the 5 C’s: cattle, cotton, copper, citrus and climate.

Sales of marijuana in Arizona soared to $1.6 billion in 2021, just one year after recreational pot was legalized in the state, making Arizona second only to California for retail sales that year. Read more»

Trump has been attempting to block lawmakers’ access to his taxes since the start of his single term in office.

The Supreme Court declined to shield former President Donald Trump’s tax returns from a congressional subpoena - a battle that began in 2019 when the Ways and Means Committee first requested six years of Trump’s personal and business filings. Read more»

The explosion of the marijuana market in 2021 is considered an anomaly due to the effects of COVID-19 and partially attributed to the initial excitement consumers felt by the passage in 2000 of Proposition 207 legalizing recreational marijuana.

Arizona cannabis sales continued to decline in September, but dispensary owners say it is not an unexpected phenomenon and the market will continue to mature as it withstands a worldwide recession on the heels of a global pandemic. Read more»

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