Taxes

Oklahoma's annual sales tax holiday on back-to-school clothing and shoes is expected to boost business for retailers beginning on Friday as thousands of students prepare to return to the classroom.

Nearly 100,000 employers in Connecticut are about to get sticker shock as the state mails annual tax bills to pay interest on its $433 million federal loan for unemployment benefits for workers let go during the Great Recession.

North Carolina House and Senate Republicans unveiled the details of a $21.25 billion budget Tuesday that gives an average 7 percent raise for teachers now among the lowest paid nationally and preserves teacher assistant positions but cuts Medicaid reimbursement for health care providers by 1 percent.

Illinois voters will get a chance in November to weigh in on whether millionaires should pay an additional income tax to help fund schools after Gov. Pat Quinn signed legislation Tuesday adding a nonbinding resolution to the ballot.

A ratings agency has maintained Connecticut's debt rating as negative, saying the state's budget relies on one-time fixes and calling the state's economic recovery "slow and uneven." The analysis by Fitch Ratings released Tuesday said the General Assembly relied on one-time items such as shifting millions of dollars from last year's surplus into the budget that took effect July 1.

An attorney claims a state law that sets Oklahoma's tax on oil and gas production is unconstitutional.

Gov. Scott Walker said Monday he would support efforts to ensure that tax credits and other economic development incentives do not go to companies that outsource jobs.

Attorney General Dustin McDaniel wants to help defend in court a $5 million tax break legislators gave natural gas drillers earlier this year, asking to step in and assist in the case after the state's chief finance officer said he believed the exemption was unconstitutional.

Ask politician, pundit and voter alike and they will tell you the same thing: The November election is about jobs.

Japan reports its inflation rate eased slightly in June as a sales tax high stunted demand.

The House has passed a bill that would gradually increase the child tax credit and make it available to more families with higher incomes.

The House passed a bill Friday that would gradually increase the child tax credit and make it available to higher income parents.

Two Democratic lawmakers plan to ask the Legislature to revamp a $50 million annual cap on tax incentives for film and television production in New Mexico.

Mississippi merchants and shoppers are gearing up for the fifth annual back-to-school sales tax holiday.

The House has passed a bill to simplify a complicated patchwork of tax breaks for higher education.

Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year under the new health care law.

A multi-agency task force in Massachusetts charged with recovering money lost in the underground economy has collected more than $15.6 million.

A state legislator says New Mexico should consider lifting a cap on film production tax incentives.

State lawmakers sent to Democratic Gov. Deval Patrick's desk on Wednesday a bill authorizing a $1 billion expansion of the Boston Convention and Exhibition Center.

An information technology consulting company plans to create 250 jobs in Charlotte within five years as it hopes to serve the city's big banks.