The Latest Breaking News from Tax Exemption

On June 22, 2022, the Arizona State Legislature voted to place a constitutional amendment regarding property taxes on the ballot in November.

The cabinet on Tuesday approved a tax exemption for foreign actors of movies filmed in Thailand for a period of five years as an incentive for international producers to shoot their films in the kingdom, deputy government spokesperson Rachada Dhnadirek said.

Georgia voters will decide whether to exempt timber equipment from property taxes on Nov. 8

Colorado voters will decide on Nov. 8 whether to extend a primary residence property tax exemption to the surviving spouses of military personnel who died in the line of duty and the surviving spouses of certain veterans who died from a service-related injury or disease.

Texans approved two statewide constitutional amendments reducing the property tax limit for school taxes on homesteads of the elderly and disabled and increasing the property tax exemption from $25,000 to $40,000 for all households.

Over a dozen states currently impose estate or inheritance taxes on heirs. Here’s where you’ll have to pay.