INSURASALES

Tag: tax reform

Virginia Considers Eliminating Vehicle Personal Property Tax Amid Funding Concerns

Virginia officials and gubernatorial candidates consider ending the state's vehicle personal property tax, balancing taxpayer relief with $2.5 to $3 billion local revenue loss concerns.

House Passes Tax Reform Bill Extending Key Provisions for Insurance Agencies

The House approved a tax reform bill making permanent key 2017 TCJA deductions important to independent insurance agencies, including an increased Section 199A income deduction rate.

Republican Tax Proposal to Target Employer Health Plans Faces Market and Political Risks

Republican plans to tax employer-based health insurance as part of tax reform risk disrupting the U.S. insurance market and face political backlash ahead of midterms.