Taxes

The local governments are asking taxpayers to pay what they owe for the homeless services and preschool measures — but not to worry about interest or fines.

In other news, a prescribed burn gone awry led to 20-40 acres of private land being burned and the arrest of a U.S. Forest Service firefighter; and recent rain, snow and low temps have brought the beginning of studded-tire season for better traction.

In other news: In Newberg, nearly 77,000 pounds of marijuana, worth $76.5 million was seized by the Yamhill County Sherriff's Office. Those incarcerated at Larch Corrections Center have found temporary housing after the Nakia Creek Fire forced them to evacuate.

The big climate and health care bill passed by the House Friday includes billions in new funding for the IRS over the next decade. Most of that money is aimed at catching wealthy tax cheats.

Oregon economists said Wednesday that state revenues grew far more rapidly than expected over the past three months, which means taxpayers could be in line for a record kicker.

A variety of items will be tax-free in the state over coming months. The move comes as Americans are facing soaring inflation and high gas prices.

President Joe Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade.

A judge has overturned a new capital gains tax on high profit stocks, bonds and other assets that was approved by the Washington Legislature last year, ruling that it is an unconstitutional tax on income. The state says it will appeal the case to the state supreme court.

The IRS sys it will stop using facial recognition technology to authenticate people who create online accounts after the practice came under criticism from privacy advocates and lawmakers.

Once signed into law, the measure is certain to face a legal challenge from opponents who say the measure is a tax on income that violates the state constitution.