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INSANE: 3 - The Real Truth

From his office at St. James the Apostle, a 160-year-old Anglican church in downtown Montréal, Rev. Graham Singh is telling us about taxes. “Churches don’t like to talk about wealth. They almost pretend as though they’re poor.” In fact, as he points out, Christian churches in North America are the…

The Conversation

Automatic transmission cars owned by persons with disabilities entitled to tax exemption: Madras High Court

Madras High Court overturns decision denying tax exemption for automatic transmission car to physically challenged owner.

The Hindu

Can Nonprofits That Help Organize Protests Lose Their Tax Exemptions?

Not because of the viewpoints they express—but yes if they engage in systematic illegal conduct.

Reason

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House Democrat Proposes Tax Exemption For Black Americans As Reparations

Rep. Jasmine Crockett's proposal for tax exemption as reparations for Black Americans sparks discussions on racial justice and equity.

Top News

Georgia voters will decide on two property tax exemption measures and three constitutional amendments in November

The Georgia State Legislature ended its 2024 legislative session on March 29, having placed five measures on the ballot for the general election on Nov. 5, 2024. Three measures are constitutional amendments, and two are property tax exemptions.

Ballotpedia

Georgia voters to decide on measure increasing personal property tax exemption from $7,500 to $20,000

The Georgia State Legislature passed a bill that would increase the personal property tax exemption from $7,500 to $20,000. The increase requires voter approval at the general election in Nov. 2024.

Ballotpedia

Chola-era inscriptions found at Rachandar Thirumalai temple near Tiruchi

Chola-period inscriptions found at Viraiachilai Andavar Temple in Tiruchi reveal tax exemptions and land records.

The Hindu

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Wealth Transfer and Strategic Gifting Opportunities for 2024

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.

Kiplinger

Delhi High Court sets aside CIC order to disclose tax exemptions sought by Ayodhya Ram temple trust

The Delhi HC set aside an order that directed the Central Board of Direct Taxes to provide information related to tax exemptions/ deductions sought by the trust, which manages the Ram Temple in Ayodhya

The Hindu

Virginia voters will decide on amendment related to property tax exemptions for veterans and surviving spouses in 2024

In Virginia, a constitutional amendment that would change language regarding property tax exemptions for veterans and surviving spouses will appear on the ballot in Nov.

Ballotpedia

No change to direct and indirect tax rates: Finance Minister in Budget Speech

Income Tax Budget 2024: FM Nirmala Sitharaman proposes to retain tax rates, withdraw outstanding tax demands, and extend tax exemptions in her interim budget speech.

The Hindu

Anger at Fifa for its Women’s World Cup tax exemption when players had to pay

Fifa has been heavily criticised for negotiating a tax exemption for the tournament when players in Australia paid 32.5% of their match fee income

The Guardian - UK

How to Prepare for Upcoming Estate Tax Law Changes

High-net-worth families have time to take advantage of higher estate and gift tax exemptions before they’re significantly reduced if provisions of the Tax Cuts and Job Act are allowed to sunset.

Kiplinger

What's the 2024 Estate Tax Exemption?

The estate tax exemption amount increased for 2024. Will your heirs escape a tax bill?

Kiplinger

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Newslaundry

I-T dept revokes tax exemption status of 4 NGOs, letters to two mention protests against Adani

The Income Tax department has revoked the tax exemption status of four non-government organisations – Oxfam India, CARE India, Legal Initiative for Forest and Environment, and Environics Trust, Newslaundry learned from sources and top officials linked to these organisations. The tax exemption was reportedly revoked about two weeks ago.

Newslaundry

Over Rs 22 cr foreign funds under freeze after MHA action, confident of legal relief: CPR

More than Rs 22 crore in foreign funds has been “under freeze” at the Centre for Policy Research, according to the Delhi-based think tank’s latest annual report. The freeze emanates from the suspension of CPR’s Foreign Contribution Regulation Act licence by the Union Ministry of Home Affairs in February this…

Kiplinger

Take Advantage of the Lifetime Estate and Gift Tax Exemption While You Still Can: Kiplinger Tax Letter

And while you’re at it, check out whether you live in a state with an estate or inheritance tax.

The Hindu

A.P. Chambers seeks life tax exemption for electric vehicles

APCCIF seeks life tax exemption for EVs in Aandhra Pradesh; cites high upfront cost, potential job losses, customer preference for greener mobility

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Capital & Main

Pennsylvania Battle Over Climate-Warming Crypto Mines Intensifies

Legislation aims to rein in an unregulated industry with ballooning environmental effects.

The Hindu

Road tax exemption for electric cars in Telangana replaced with high rates

Telangana has replaced road tax exemption for electric cars with 11-15% levy, surprising potential buyers. This comes despite govt's efforts to promote e-mobility. Other States offering road tax exemption include TN, Kerala, Karnataka, Punjab, UP & NCR. 5K EVs for taxis & private use exempt, 2L two-wheelers still to go.

Kiplinger

New Alabama Overtime Law: What Hourly Workers Should Know

A new Alabama overtime law will provide some employees with higher paychecks due to a tax exemption. Here’s what you need to know if you’re an hourly employee.

USA Today Sports Media Group

Senator introduces bill to strip PGA Tour’s tax-exempt status

The PGA Tour is a 501(c)(6) organization, a status allowing tax exemptions for professional sports leagues and chambers of commerce.

The Hindu

LSGD amends order requiring ex-service persons to submit annual affidavits for building tax exemption

The Local Self-Governments department has amended an earlier order directing ex-service persons or widows of ex-service persons to submit affidavits annually to get property tax exemption, following several complaints that many lost out on the benefit due to the rule. As per the amendment, they need to resubmit applications only…

Newslaundry

Layoffs, pay cuts: Inside CPR’s ‘financial crisis’ after FCRA funds, tax exemption axed

The Centre for Policy Research has downsized its staff by 75 percent. Its faculty members — including fellows and senior fellows — have taken “massive pay cuts” ranging from 50 percent to full. The think tank had come under the income tax department’s tax scanner and faces a “serious financial…

Zenger

Texas Legislature Approves Property Tax Amendment To Lower Taxes

Amendment would increase homestead tax exemption and limit appraisal increases on non-homestead properties

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