“China State Council Official Calls for Property Tax, Xinhua Says” plus 3 more |
- China State Council Official Calls for Property Tax, Xinhua Says
- Seniors encouraged to sign up for property tax, rent rebates
- Thailand Property Tax Break Extended - Thai Lawyers Explain Advantages to Business
- Planet Election Guide: Property tax hike
| China State Council Official Calls for Property Tax, Xinhua Says Posted: 04 May 2010 11:07 PM PDT By Bloomberg News May 5 (Bloomberg) -- Ji Huaiyin, a deputy director of the fiscal and finance department under the State Council's Legislative Affairs Office, said imposing a property tax earlier is better than imposing the tax later, the official Xinhua News Agency reported yesterday, citing an interview with Ji. Action should be taken step-by-step, Xinhua cited him as saying. The tax should also not be imposed on properties that are primary residences, according to the report. Click here for web link To contact the reporter on this story: Jian Guo Jiang at jjiang@bloomberg.net Last Updated: May 5, 2010 00:56 EDTFive Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Seniors encouraged to sign up for property tax, rent rebates Posted: 05 May 2010 07:55 AM PDT The state announced Monday the amount of money homeowners can expect in property tax relief from slots revenue. But some seniors and disabled residents are eligible for additional tax relief on top of that in a program lawmakers and government officials are trying to spread the word about. Nearly 600,000 Pennsylvanians have signed up for the state's Property Tax/Rent Rebate Program, almost double the number receiving help before income limits were raised in 2006. Still, some people who would qualify have been hesitant to sign up, either out of confusion or a lack of understanding, said state Sen. Pat Vance, who represents part of northern York County. "They are a little nervous about how to do the form ... it may seem daunting" when it's actually fairly simple, Vance said Renters, too: Some aren't aware the program covers renters, too, she added. Her staff has helped people who come to her office fill out the forms. Here are the program criteria: ---To qualify, you or your spouse must be 65 or older, or you must be a widow or widower age 50 or older; or you must be a permanently disabled person 18 or older. ---Your gross income cannot exceed $35,000 as a homeowner, or $15,000 as a renter. ---Rebates range from $250 to $650, or $975 in extreme cases. ---The deadline to apply is June 30. First-time applicants need to get a form from the Department of Revenue, and will need to be able to verify their property tax bill, their income and their age. The form is available online and at Department of Revenue branch offices. It's also available at the York County Area Agency After the first year, the Department of Revenue mails a form to those already in the program to register for another year. Covered entire bill: More than 123,000 people have been able to cover their entire property tax bill because of a combination of the rebate and the reduction from slots revenue, according to Doug Harbach of the state Gaming Control Board. State Rep. Ron Miller, R-Jacobus, pointed out, however, that almost none of those 123,000 people live in York County. To qualify for the slots revenue tax relief money, homeowners have to contact their municipality -- not the school district -- and file for homestead status. The tax relief is then automatically deducted from their tax bill. For most York County school districts, it amounts to about a $100 to $200 reduction, with York City being the exception at almost $500. Local programs: Some school districts, such as Red Lion and Dallastown, also offer matching rebates for seniors and disabled residents. Red Lion business manager Terry Robinson said the combination of matching rebates and slots relief can greatly reduce property taxes for some residents. Red Lion has had the program in place for three years. For more information about the various tax relief programs, call 1-888-PATAXES, or visit the Department of Revenue online at http://revenue.state.pa.us/ -- Reach Andrew Shaw at 505-5431, ashaw@yorkdispatch.com or twitter.com/ydblogwork. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Thailand Property Tax Break Extended - Thai Lawyers Explain Advantages to Business Posted: 05 May 2010 03:24 AM PDT (1888PressRelease) - Only two days after the Bangkok Post publicized the end of the property tax breaks, the government backflipped to confirm an extension. The extension is aimed at homeowners, but Thai business lawyers say there is benefit in the breaks for businesses too. BSA Law explains how this Thai law could benefit your business. The government has extended the long-running property tax breaks to May 31 this year. BSA Law, a leading Thailand corporate legal service, says there could still be benefits in the breaks for businesses. The government told the Bangkok Post on March 24th that breaks would definitely end as scheduled, on March 28th. However, the temporary Thai law was later extended to May 31st amidst concerns that 10,000 homebuyers would miss out on the breaks due to a backlog of registrations. If a business is buying or selling an immovable property, reduced fees apply under the extended Thai law. Up to 100,000 baht on a 5 million baht property could be saved. Businesses that are looking to sell to overseas buyers are most encouraged to act quickly, as the strong baht is providing disincentives for foreigners to buy into the Thai market. Apisakde Kongkangwanchoke, senior lawyer at BSA Law, says there are still ways for businesses to benefit. "Businesses are just as likely to be buying a premises as private homeowners, and can still benefit from the reduced mortgage registration and house transfer fees". "However, the extension is mostly to cope with the backlog of registrations, so we would urge any businesses considering taking advantage of the breaks to contact their Thai corporate legal service immediately, or risk having their application pushed back past the finishing date", Mr Kongkangwanchoke concluded. There has been some confusion over whether the incentive extension also applies to Specific Business Tax reductions. Mr Kongkangwanchoke said that individual businesses should seek advice from Thailand lawyers for their specific situation. About BSA Law: For nearly 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. BSA Law seeks to provide international standards of legal services while retaining the customs of the Thai business culture. For more information please contact:
Jim Byrne Source: 1888pressrelease Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Planet Election Guide: Property tax hike Posted: 05 May 2010 07:14 AM PDT Dear Reader - We wish to keep our comments section as open and unfettered a forum as possible. However, in posting below you agree to the following guidelines: Be relevant. Keep your comments germane to the issue. Be respectful of others, the writer and the subjects of the story. Do not post potentially libelous statements or ad hominen attacks; obscene, explicit, or racist language; personal insults or threats. Never use another person's real name to disguise your identity. Be aware, in accordance with the Communications Decency Act, you are responsible for comments posted on this Web site. And while you may post anonymously, your anonymity is not guaranteed. All IP addresses are kept on file by Telluride Daily Planet. TDP is not liable for messages from third parties. TDP reserves the right to edit or remove any posting. Thank you for your comments, Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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