January 9, 2009
Mortgage deal write-offs could be tax bonanza
WASHINGTON â The biggest tax breaks in the financial industry bailout may be those that aren't even in the bill. Banks and other financial institutions can conceivably write off billions of dollars in losses after they sell bad mortgage assets to the government.
College board approves lower tax rate
GALLVESTON The Galveston College Board of Regents this week backed away from adopting a tax rate that might have prompted a tax referendum. Instead, the board at a meeting Monday approved the state-prescribed maximum rate of 19.18 cents per $100 of assessed valuation.
Pine swaps $10 tax for $52 charge
Pine used to call it the occupational privilege tax and it cost a worker $10 a year.
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