Tag: tax exemption

New York Boosts Senior Property Tax Exemptions to 65% to Address Rising Costs

New York expands senior property tax exemption to 65%, aiming to ease rising housing and insurance costs for seniors on fixed incomes. Local governments can now increase relief under new legislation.

IRS Multifactor Test Faces Legal Challenge Over Nonprofit Political Speech

Legal challenge targets IRS's multifactor 'facts and circumstances' test, alleging it suppresses conservative nonprofits' political speech and hampers tax-exempt status approvals.

Iowa Advances SF 619 to Strengthen Disaster Relief and Insurance Protections

Iowa's SF 619 bill enhances disaster relief by exempting assistance payments from taxes, funding relief, and protecting homeowners in insurance claims after 2024 tornadoes and floods.