Tax

Trump Signs Controversial Tax and Spending Bill, Igniting Fierce Party Divisions as GOP Pushes for Major Reforms

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President Donald Trump signed a sweeping tax and spending bill into law Friday, just days before his self-imposed Fourth of July deadline. The legislation, which spans nearly 900 pages, incorporates a variety of tax reductions, spending cuts, and priorities reflective of the Republican agenda, including increased funding for national defense and deportations. Despite unified opposition from Democrats, the bill advanced through Congress with little resistance thanks to complete Republican alignment. The Senate passed the legislation on Tuesday, with Vice President JD Vance casting the tiebreaking vote. The House of Representatives initially passed an earlier version … Read more

Local Residents Gear Up for Rally to Challenge Marijuana Tax Fund Use in Mecosta County

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Big Rapids, Mich. — Residents in Mecosta County are organizing a peaceful rally on Thursday morning to voice their concerns regarding the allocation of funds from the marijuana excise tax. The Mecosta County Board of Commissioners is set to meet to finalize a plan that allocates $200,000 to Green Charter Township as part of a total distribution of nearly $700,000. The funds designated for Green Charter Township are intended to cover legal expenses related to a lawsuit against Gotion North America. This company plans to establish an electric vehicle battery parts factory in the county, … Read more

CMS Albiñana & Suárez de Lezo Elevates Tax Expertise with Antonio Puentes Appointment

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MADRID, Spain — CMS Albiñana & Suárez de Lezo announced the appointment of Antonio Puentes as the new head of Tax Litigation and Contentious Tax Matters, a change that will take effect on September 1, 2025. Puentes previously led the Tax Litigation and Tax Procedure department at BDO Abogados in Madrid until this past Monday. This strategic move aligns with the firm’s broader goals outlined in its 2024–2026 Strategic Plan, which emphasizes strengthening its Tax Procedure area. CMS aims to solidify its standing in this critical practice area as it looks to enhance its offerings. … Read more

Washington Welcomes July with New Laws: Tax Hikes, Property Exemptions for Veterans, and Enhanced School Safety Measures

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Olympia, Washington – As the state enters July, new legislative measures enacted during the latest session are set to reshape various aspects of life for residents. A significant change is the introduction of property tax exemptions for disabled veterans with a disability rating of at least 40%, effective July 1. Several other laws will take effect on July 27, including a new tax of $2 per pack on cigarettes, increased tax obligations for high-earning businesses, as well as higher fees related to licenses, court services, and outdoor recreation activities. A focus on school safety is … Read more