Taxes

Business Highlights

___ Bank execs sing praises of new tax law as windfall looms NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — are indicating they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business.

Some utility rates could go down after US corporate tax cuts

Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay for electricity and natural gas after a federal tax overhaul signed into law by President Donald Trump reduced the corporate income tax rate by 14 percent.

The Latest: Alabama incentives for factory top $700 million

The Latest on the Toyota-Mazda factory coming to Alabama (all times local): 8:15 p.m. Alabama's total incentive package to land Toyota and Mazda's new U.S. factory will top at least $700 million after local incentives are added.

Texas sales tax collections up as Harvey recovery continues

Financial experts say Texas sales tax collections for the last few months of 2017 increased by double digits compared to a year earlier partly because of the surge in rebuilding and other recovery from Hurricane Harvey.

Maine hopes to lure Amazon with incentives, state charm

A pair of Maine suitors is trying to lure Amazon to the Pine Tree State, although one of them is using the bidding process to the make the case for the technology giant to build a smaller project and not the second headquarters itself.

Brown's final budget plan proposes $132 billion in spending

Democratic Gov. Jerry Brown said Wednesday California will have one of the largest budget surpluses since the Great Recession but proposed spending almost none of it, sticking with his restrained approach to spending in his final budget plan.