Monday, April 11, 2011

House Democrats Take Aim at Mortgage Interest Deduction and Out-of-State Shoppers

 Late in the game during this 2011 Legislative Session, the House Democrats (48 of them anyway) introduced HB 2078 which "significantly narrow[s] a tax deduction for banks and other financial institutions, and repeal[s] a sales tax exemption for nonresidents." This comes after last week's prolonged budget protests, some of whom were asking legislators to repeal most, if not all, tax breaks for businesses as an attempt to avoid further cuts to education and/or social programs . . . READ MORE


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