All articles tagged with #tax exemptions
Rising gasoline prices tied to the Iran conflict are driving drivers to tribally owned gas stations in several states where state fuel taxes are exempted, allowing cheaper fuel on reservations and attracting customers from nearby towns; these tax rules are shaped by tribal sovereignty and treaties, and many tribal outlets also sell groceries and services to fund community needs.
The Virginia General Assembly has passed legislation to eliminate tax exemptions for the United Daughters of the Confederacy, a prominent Confederate heritage group, as well as two other Confederate heritage entities. The bills, if signed by Gov. Glenn Youngkin, would remove property tax exemptions that have been in place since the 1950s, posing a challenge to the organization's ability to function and potentially jeopardizing its headquarters in Richmond. The move is seen as a reflection of changing attitudes toward Confederate symbols and their place in public life.
China has extended tax exemptions for New Energy Vehicles (NEVs) through 2027, amounting to over $72 billion in tax breaks. The tax breaks have helped boost sales of local automakers such as BYD, NIO, and XPeng, and analysts expect the tax exemptions to boost EV growth in China by 15% in 2023 and potentially as much as 30% in 2024. To qualify as an NEV, the purchase must be a battery electric vehicle (BEV), plug-in hybrid (PHEV), or hydrogen fuel cell vehicle.