Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Tax

Tax credit for law enforcement fizzles in Senate

admin by admin
December 9, 2021
in Tax
0
Build Back Better: Who pays for it, through tax increases – or not?

According to published reports, Lt. Gov. Tim Griffin ruled that state Sen. Jason Rapert’s bill to offer law enforcement officers tax credits of up to $3,000 “was germane” to the special session’s overview.

However, the Senate voted to overturn Griffin’s ruling.

Craighead County Sheriff Marty Boyd, who is president of the Arkansas Sheriff Association, said he was a proponent of the tax credit.

The credit would have been based on how much an officer paid in state income tax, he said. If an officer only paid $1,000 in state taxes, that’s how much his credit would have been.

But Boyd said, although the tax credit would be beneficial, state and local lawmakers need to find a way to increase salaries for law enforcement officers. He said he spoke to Hutchinson on Tuesday morning about the issue.

The governor addressed the issue during a news conference later Tuesday.

“I fully support the increase in pay of our law enforcement officers. They are on the front line, we want to show our respect to them,” Hutchinson said. “We want to make sure they have an income that can provide for their family.

“Today, I spoke to Sheriff Marty Boyd of the sheriff’s association and Chief Gary Sipes of the association of chiefs of police. They both agreed that a tax credit does not increase the salaries of law enforcement officials. And if you worry about our low pay, and some people say our law enforcement pay is ranked 49th among all the states, well if you give a tax, income tax credit, that does not change that ranking. It does not change their salary. And we should worry about their low pay, but the answer is, let’s increase their salaries.

 

Read more…

Related articles

The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year

Justice Department says IRS must give Trump’s tax returns to Congress

admin

admin

Related Posts

The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year

The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year

The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth...

Justice Department says IRS must give Trump’s tax returns to Congress

Justice Department says IRS must give Trump’s tax returns to Congress

The Justice Department on Friday said the Treasury Department must hand over former President Trump's tax returns to the House Ways and Means Committee, putting an apparent end...

The I.R.S. is warning of a messy tax season.

Free Options for Filing Your Taxes

It’s tax-filing season, and whether you go to an accountant or use online tax software, filing a return can be expensive. But there are free options....

Iowa lawmakers have struck a deal on tax cuts. Here’s what’s in it.

Iowa lawmakers have struck a deal on tax cuts. Here’s what’s in it.

Iowa will move to a 3.9% flat income tax rate under a compromise between legislative Republicans and Gov. Kim Reynolds that paves the way for passage of the massive...

Don’t count on that tax refund yet. Why it may be smaller this year

Tax pros are subject of ‘spearphishing’ attacks

Identity thieves are targeting tax professionals with "spearphishing" emails masquerading as coming from the IRS or tax return preparation software providers, the Service advised in a news...

Next Post
Virtual Numbers Add Security to Credit Card Shopping

Here are 5 ways to protect yourself against credit card fraud this holiday season

The evolution of ESG investing. Here’s what’s next

Investing Club: We are buying more Disney because it’s an iconic franchise that’s fallen too far

Customers keep up with rising vehicle loans

Customers keep up with rising vehicle loans

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

Loans Available Through Heirs’ Property Relending Program
Loans

Loans Available Through Heirs’ Property Relending Program

Chatham county to tax residents for fire service
Tax

Chatham county to tax residents for fire service

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2021 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2021 Our Finance Guide, All Rights Reserved.