tax relief

Two Democrats are competing to represent the urban Honolulu district in State Senate District 14. The candidates addressed topics including tax relief and emergency alerts in their Q&As.

Los Angeles County will host a free webinar on July 10 explaining tax relief options for survivors of last year’s wildfires. The session will be led by Deanna S. Newton, managing attorney of the Low Income Taxpayer Clinic at the Koreatown Youth and Community Center.

Hong Kong proposes a tax break for top global fund managers, exempting performance-linked bonuses from salaries tax if criteria are met. The measure aims to position Hong Kong as the first major Asian financial center to offer such relief, enhancing its role in offshore wealth management.

Florida's Legislature finalized a $115 billion Fiscal Year 2026-27 budget after missing its deadline for the second consecutive year. The budget includes a $150 million tax relief package with exemptions for hurricane-resistant windows/doors and gun accessories like silencers, though gas tax exemptions were excluded despite prior advocacy. Senate President Ben Albritton faced opposition from the NRA over potential changes to suppressor tax exemptions.

Small businesses are appealing to Congress for tax relief, regulatory reforms, and healthcare savings to enhance their competitiveness against larger corporations. These measures are intended to help small businesses create jobs and strengthen Main Street's economic growth.