Taxes will be falling and wages rising as new laws take effect Sunday in numerous states.
. Virginia will lower the tax on groceries and personal hygiene products. Colorado also will remove taxes from hygiene products, but will impose a 10-cent fee on plastic bags as a precursor to their elimination in 2024.
Other states are providing tax incentives for law-and-order professions. Rhode Island will exempt military pensions from tax. Georgia will offer a tax credit for donations to local law enforcement foundations.“millionaire tax” will take effect in MassachusettsWyoming is taking steps to collect taxes more quickly. Producers of coal, oil, gas and uranium will have to pay taxes monthly, instead of up to 18 months after extraction.
Another law taking effect with the new year will require employers in Washington to include salary and benefits information in job postings, rather than waiting until a job offer to reveal such information. SimilarWorkers in Colorado and Oregon will start seeing paycheck deductions in January to fund new paid family leave programs.
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