GE wooed by Texas after Connecticut increases taxes

When Connecticut governor Dannel Malloy proposed $750 million in new business taxes last year as part of a $1.5 billion package of tax hikes, the state’s major companies weren’t amused. General Electric, in particular, questioned whether it would stay in Connecticut if the tax increases took effect. It turns out the company wasn’t bluffing.

Georgia’s business and political leaders are ready to roll out the welcome mat to General Electric Co. if it is truly serious about relocating its corporate headquarters out of Connecticut.

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General Electric, which reported $148 billion in revenue last year, indicated Monday it could move its headquarters out of Connecticut if the new state budget passes as proposed. The Fairfield.

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Two questions often arise with respect to corporate partners: (1) whether the business/nonbusiness income determination is made at the partner or partnership level; and (2) whether, for purposes of.

 · GE and Aetna have gone so far as to say they could relocate if the proposed increases become law (Wall Street Journal). Below is a list of sales tax changes that will take effect if the governor approves the budget.

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 · ”If you are over 65 years of age, or permanent and totally disabled (regardless of age), or blind (regardless of age), you are exempt from the state portion of property tax. County taxes may still be due. Please contact your local taxing official.

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For those of you who live in Connecticut, you are well aware of the annual Motor Vehicle property tax. This year the property tax on my Factory Five Roadster increased almost 20x to well over $1000! My car is registered as a 2004 Composite Cobra, which I believe was the only available option at the time (no option to register it as a 1965).

 · According to the Tax Foundation, Connecticut is 44th on their “State Business Tax Climate Tax Index” for 2016, while Massachusetts is 25th. Texas, for example ranks 10th, but was never seriously considered during the three years that GE was looking for a new home.

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President Trump signed a new tax bill, the Tax Cuts and Jobs Act, into law in December 2017. This bill largely didn’t affect individual income taxes. H&R Block vs. turbotax feb 01, 2019. The start of a new year means it’s time to file your federal tax return. Many people stress about filing taxes but there are a number of tax filing.