Income Tax Tag

Murphy’s Law Blog 2023 | #29 — Tax Package Settled?

At this point, the conference committee discussion on how to reduce property tax and income tax appears to have a tentative solution. Senate Tax Committee Chair Jordan Kannianen explained to me this morning (although they do have an afternoon meeting to confirm) that property tax looks to be a $500 deduction for every single home […]

At this point, the conference committee discussion on how to reduce property tax and income tax appears to have a tentative solution.Senate Tax Committee Chair Jordan Kannianen explained to me this morning (although they do have an afternoon meeting to confirm) that property tax looks to be a $500 deduction for every single home or occupied dwelling. It would affect about 206,000 homeowners...

Murphy’s Law 2022 | #12 — Taxation Changes?

This month we saw the final meeting of the Interim Taxation Committee of our state legislature. They are expertly led by Senator Dale Patten of Williston, a former banker and county commissioner.  At issue are breaks or reformulations of our state income tax and property tax, but probably not both. The Governor has joined a proposal for […]

This month we saw the final meeting of the Interim Taxation Committee of our state legislature. They are expertly led by Senator Dale Patten of Williston, a former banker and county commissioner. 

At issue are breaks or reformulations of our state income tax and property tax, but probably not both. The Governor has joined a proposal for a 1.5% flat income tax, whereas...