California Senators Float Tax for Firms With Workers on Medi-Cal

California labor groups are working to get a one-time billionaire’s tax on the ballot in November to cover health care funding gaps. The state’s Senate will soon look at another option for offsetting shortfalls.

In California’s Wealth-Tax Fight, You Can Make $30,000 Collecting Signatures

California’s labor unions and billionaires are spending lavishly on a political battle over a proposed new tax on the state’s wealthiest citizens. To take their cases to the voters, they depend on so-called petition circulators who are vying for enough signatures to get more than a dozen policy initiatives on the state ballot this fall — and collecting bounties of as much as $15 per John Hancock.

Alaska Taxation of Municipal Gas Affirmed by State High Court

The gas Anchorage, Alaska, produces for its own use is taxable production for purposes of oil and gas credit calculation, the state high court ruled Friday.

Missouri Senators Take First Step Toward Income Tax Phaseout

Missouri’s Republican-controlled Senate approved legislation Thursday that could pave the way to eliminate the state’s personal income tax, which brings in more than two-thirds of its revenue.

Hochul and Mamdani in

NYC’s Second-Home Tax Unites Mamdani, Hochul After Budget Fights

Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax that they agree on. Getting everyone else on board stands to be more complicated.

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Alabama DOR Publishes Second Quarter 2026 Interest Rate for Tax Underpayments, Overpayments

The Alabama Department of Revenue (DOR) published the second quarter interest rate for underpayment and overpayment of taxes. The rate is 6 percent. [Ala. Dep’t of Revenue, Quarterly Interest Rates, ...

Indiana DOR Issues 2026 Legislative Summary

The Indiana Department of Revenue (DOR) released its 2026 Legislative Synopsis summarizing tax legislation enacted by the 2026 General Assembly. The updates include the phase out of pennies in cash ...

Alabama DOR Suspends State Sales Tax on Food

The Alabama Department of Revenue (DOR) announced that state sales and use taxes on the sales of food will be suspended from May 1 through June 30. The announcement provides ...

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In California’s Wealth-Tax Fight, You Can Make $30,000 Collecting Signatures

California’s labor unions and billionaires are spending lavishly on a political battle over a proposed new tax on the state’s wealthiest citizens. To take their cases to the voters, they depend on so-called petition circulators who are vying for enough signatures to get more than a dozen policy initiatives on the state ballot this fall — and collecting bounties of as much as $15 per John Hancock.

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Cursor In Talks to Raise $2 Billion at Over $50 Billion Value

Cursor, a leading artificial intelligence startup for coding, is in advanced talks with investors to raise about $2 billion in a funding round at a valuation of more than $50 billion, not including the investment, according to a person familiar with the matter.

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