Taxes

Mon December 04, 2017

Senate Works Toward Tax Cuts But Makes No Provision to Boost Transportation Funding

The Senate took up tax-cutting legislation that makes no attempt to shore up long-term transportation funding, and which includes an "advance refunding" bond provision that would work against a debt-refinancing technique states and other government entities use to reduce their project costs....

Emily Buenzle - Thu November 30, 2017

State Governor Calls for Tax Increase to Fund Road Projects

Colorado governor John Hickenlooper has asked for a tax increase to help cover the annual $1 billion shortage in road construction and maintenance funding. According to Hickenlooper, neglecting to maintain Colorado's infrastructure will eventually lead to a slowdown in the economic growth it has been seeing, ABC 13 reported....

Emily Buenzle - Wed November 29, 2017

Year-End Equipment Purchases? Take Advantage of Tax Deductions

Time is running out for equipment buyers to take advantage of claiming Section 179 tax deductions of $500,000 and 50 percent bonus depreciation. The Tax Increase Prevention Act of 2014, which was signed into law in December of that year, allows those buying certain types of qualifying equipment to write off more of the cost of the piece immediately via bonus depreciation, and/or through Section 179 expensing, according to financial tech company, Accruit....