Wednesday, December 12, 2012

McDonnell's Revised Budget to be Presented Next Week
The revised budget Gov. Bob McDonnell presents to legislators next week will end the accelerated sales tax for all but about 200 Virginia retail merchants, freeing 98 percent of dealers from the 3 1/2-year-old budget-balancing scheme. The governor's office announced that McDonnell will include nearly $21 million to offset revenue lost from drastically reducing the number of dealers subject to the accelerated sales tax. Merchants despise the early estimated sales tax payments. It was enacted to shore up state finances at the depth of the recession in 2009. McDonnell asked lawmakers in 2011 to phase it out early. McDonnell proposes boosting the threshold for paying the tax from $26 million in annual taxable sales to $48.5 million. He also seeks $250,000 more for Parkinson's disease research at Virginia Commonwealth University.

Friday, November 27, 2015

  • Crash Update: Seat Belt May've Saved Teen's LIfe
  • Another Protest Staged in Abingdon Against Development Near Creeper Trail
  • 4 Face Sentencing Monday in Abingdon for Crystal Meth Ring
  • Kingsport City Manager Advocating "Shop Local"
  • Trio Charged with Domestic Assault in Hawkins County
  • Teen Hospitalized in Bristol after Crash into Creek
  • Elizabethton Man Arraigned on Rape, Burglary Charges
  • Gasoline Tanker Transport Crash in Big Stone Gap
  • Benjamin Shook Has Federal Sex Offender Trial Pushed Back
  • Convicted Synthetic Drug Dealer to be Sentenced Monday
  • Trump Campaign Names Southwest Virginia Leadership Team
  • Northeast TN Pair Jailed in SW Virginia for Grand Larceny
  • VDOT Stats: Traffic Deaths Up 50% in Bristol District
  • Some Tennessee Teachers Convicted of Crimes Still Collecting Pensions
  • Bristol, Virginia Councilman Reacts to Study to Move Bristol Pirates to Tennessee Side
  • UT Study: Gas Tax Hike Needed for Roads
  • Rape Suspect in Greene County Indicted
  • Bristol TN to Consider Study for New Minor League Baseball Study
  • VDOT Aims to Smooth Holiday Traffic by Lifting Lane Closures

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