Taxes

Murphy calls for $125 tax credit in return for tax on rich

New Jersey property tax payers would get a $125 refundable credit on their income taxes under a proposal that also calls for higher rates on the wealthy that Democratic Gov. Phil Murphy detailed for the first time Monday.

Illinois poised to be 11th state to legalize marijuana use

Illinois is likely to become the 11th state to allow small amounts of marijuana for recreational use after the Democratic-controlled House on Friday sent a legalization plan to Democratic Gov. J.B. Pritzker, who campaigned on the issue.

Health tax splits California amid need for Trump's approval

California lawmakers are headed toward a confrontation with Gov. Gavin Newsom over whether to keep a tax that can generate nearly $2 billion for low-income health benefits but means approval from the Trump administration amid a feud between state and federal officials.