Intuit Inc. Chief Executive Officer Sasan Goodarzi said his predictions that cryptocurrency investors would be hit with surprise obligations this tax season came true.

Online sellers would have an easier time looking up state and local sales tax rates and filing returns under a pair of initiatives approved Tuesday by the governing board of the Streamlined Sales and Use Tax Agreement, a compact harmonizing sales tax codes.

California Gov. Gavin Newsom’s proposals to use billions in excess revenue on one-time expenses may avoid triggering a 1970s law meant to constrain per-capita spending this year, but that won’t last long, the Legislature’s nonpartisan fiscal and policy analyst said Tuesday.

For the first time since 1979, California would increase a tax credit for low-income people who rent their homes under a bill the state Senate passed Tuesday.

Stellantis NV and South Korean battery maker Samsung SDI Co. will invest $2.5 billion to build a battery plant in Kokomo, Indiana, as the automaker speeds its shift to electric vehicles.

Neiman Marcus Group Inc., owner of the luxury department-store chain, could snag more than $5 million in government incentives to keep its headquarters in Dallas.

New York City’s tax revenue will likely decline amid an anticipated economic slowdown due to the Federal Reserve’s projected rate hikes later this year, the city’s Independent Budget Office said Tuesday.