The companies suing to halt the Legislature’s new tax on “roll-your-own” cigarettes have thrown in the towel.
The companies suing to halt the Legislature’s new tax on “roll-your-own” cigarettes have thrown in the towel.
Both sides agreed to have the lawsuit dismissed, which the Franklin County Superior Court and state Supreme Court did July 3. It might be another nail in the coffin for stores whose machines sell discount, tax-free cigarettes.
Read more: http://blog.thenewstribune.com/politics/2012/07/10/tax-on-roll-your-own-cigarettes-survives/
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Almost every year, we hear political office-holders discussing the merits of higher taxes in one form or another. We don’t always understand the magnitude of some of these decisions, and the red tape that surrounds much of the discussion makes it easy for the average person to feel helpless, shrug their shoulders and do nothing.
Your 2012 federal income tax return holds special significance this year.
There are mere weeks left to maneuver so you keep as much of your money as possible without overpaying taxes for 2012.
Tax season has officially begun, later than usual because lawmakers only this year passed legislation to address expired tax cuts. The IRS needed time to update its forms and systems.
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