JEFFERSON CITY, Mo. (AP) – Responding to concerns from state officials, the U.S. Treasury Department said Wednesday that states can cut taxes without penalty under a new federal pandemic relief law – so long as they use their own funds to offset those cuts.
Source: washington times
Summary automatically generated by NewSUM A.I. from the following sources:
- Treasury says state tax cuts OK if separated from virus aid (washington times)
- Treasury says some state tax cuts OK under Biden relief act (independent)