State and local governments saw property tax revenue grow in the first quarter, but the latest increase reflected a slowdown from the reported pace a year earlier. The amount of property tax collected between January and March came in at $203.4 billion to start the year. The total surged 5.2% on an annual basis from […]
Property tax revenue comes in at over $203B in first quarter Read More »
The Mortgage Bankers Association was pleased the Senate version of the reconciliation bill keeps many of its priorities in place, while taking out the so-called revenge tax. However, the bill does differ from the House of Representatives version and the two need to conform before it can go to President Trump for signature. Furthermore, because
Senate tax bill keeps MBA wins, guts CFPB funding Read More »
Rhode Island real estate professionals are criticizing two new taxes that will increase costs for Ocean State homeowners, including a levy dubbed the “Taylor Swift tax.” State lawmakers last week approved a $14 billion fiscal year 2026 budget, which now awaits Gov. Dan McKee’s signature. Included in the proposed budget is a 63% increase in
‘Taylor Swift tax’ draws ire from mortgage, housing groups Read More »
Significant changes are in store for President Donald Trump’s signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote. Senate Republican leaders are aiming to make permanent many of the temporary tax cuts in the House bill, a move that would
Senate begins putting its stamp on giant Trump tax, debt limit bill Read More »
President Donald Trump’s campaign tax pledges — no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors — are the centerpiece of a multitrillion dollar package that will serve as Republicans’ signature legislative effort. In a draft version of the tax bill released on Monday, House Republicans highlighted the
GOP tax bill prioritizes Trump campaign vows, increases SALT Read More »
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