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.

Saturday, September 20, 2014

  • Authorities Wait on Toxicology Report After Fatal Crash
  • Bristol Rhythm & Roots Reunion Off to a Record Start
  • Woman Left Sick Daughter in Car While She Shopped in Kingsport
  • Johnson County's Peggy McMickle Found Safe in VA
  • Bristol Man Stopped for Reckless Driving in a Stolen Car
  • Bristol forum focuses on drug addicted babies
  • Man involved in car crash in Johnson City arrested for domestic assault
  • Sullivan County District Attorney Weighs in on Criminal Justice Reform
  • Police: Norton man shot, murdered former girlfriend
  • Virginia Beach man indicted for Wise County native's murder
  • Lockdown at Science Hill Was Caused by a Misunderstanding
  • Elizabethon planning for new football stadium
  • Driver Hits Deputy As He Speeds Off From Traffic Checkpoint
  • New SWVA Tourism Dollars Coming In



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