Search results for: Taxes

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  • 7 March 2013
    Business & Finance

    In the recent past, the Martin County Taxpayers Association has attempted to outline the options to fund dredging of the St. Lucie Inlet. While time waits for no one, Martin County did proceed with the dredging project while government officials deliberated over jurisdiction and other related matters. Fortunately, the county was able to provide the […]

  • 1 June 2017
    Business & Finance

    Shell Rock River Watershed District announced recently that the fate of the district’s half-percent sales tax has not been decided yet. Last week, legislators were back in session to pass the tax bill and other legislation that affects the area. According to SRRWD, the sales tax is to be extended for either 15 years or until […]

  • 14 August 2014
    Business & Finance, Equipment, Technology

    When Georgetown County voters go to the polls this fall, they will be asked to decide if a 1-cent sales tax will be implemented to help fund vital capital projects, including dredging at the Port of Georgetown. County Council voted unanimously on August 12 to put the issue on the ballot in the form of […]

  • 12 April 2017
    Business & Finance

    The Freeborn County Board of Commissioners last week petitioned the Shell Rock River Watershed District to move forward with the first phase of the Fountain Lake dredging project. The vote opens the door for the Watershed District to implement a property tax levy of a maximum of $166,000. The measure passed on a 4-1 vote. Commissioners […]

  • 27 December 2010

    The presence of sales tax and income tax officials during the auction for sand dredging sites in Pune resulted in a comparatively low … By Shailendra Paranjpe (dnaindia) [mappress] Source: dnaindia, December 27, 2010;

  • 26 January 2012

    House Ways and Means Subcommittee on Oversight Chairman Charles Boustany, Jr, MD (R-LA) and Subcommittee on Select Revenue Measures Chairman Pat Tiberi (R-OH) yesterday announced the Subcommittees will hold a hearing on harbor maintenance funding and maritime tax issues, with a focus on the Harbor Maintenance Trust Fund and Harbor Maintenance Tax, maintenance underfunding, and […]

  • 11 February 2015
    Business & Finance

    Georgetown County residents voted recently to implement a 1 percent Capital Project Sales Tax to help fund vital capital projects, including dredging at the Port of Georgetown. According to the official Georgetown County Government website, the sales tax will begin being applied to taxable purchases in Georgetown County on May 1, 2015, and will remain in place […]

  • 7 August 2012

    According to the Business Line, three Major Ports have approached the Government for approval to raise Rs 3,500 crore through issue of tax-free bonds. These Ports are: 1. Jawaharlal Nehru Port Trust – Rs 2,000 crore, 2. Mumbai Port – Rs 500 crore, 3. Ennore Port – Rs 1,000 crore. Besides Major Ports, the public […]

  • 26 March 2010

    The European Commission has approved under EU state aid rules a proposal by the Cypriot government to impose a special reduced tax on companies engaged in international maritime transport,dredging and cable-laying,which replaces the corporate tax. [mappress] Source:europa,March 26,2010;

  • 13 June 2012

    After Gov. Nikki Haley vetoed a bill 4033, a long-sought dredging projects in Georgetown and North Myrtle Beach were thrown into doubt. According to myrtlebeachonline.com, Haley refused to approve Bill 4033, which would allow North Myrtle Beach to set up a special municipal tax assessment district to help pay for dredging the Cherry Grove canals, […]

  • 2 July 2012

    Governor Nikki Haley has vetoed a bill designed to create funding for dredging projects in North Myrtle Beach, according to wmbfnews.com. House Bill 4033 would have allowed the city to create a special tax district in Cherry Grove to dredge canals surrounding many homes in the area. In a written statement, Haley said she vetoed […]

  • 6 February 2012

      On February 1, 2012, the House Ways and Means Subcommittees on Oversight and Select Revenue Measures held a joint hearing on harbor maintenance funding and maritime tax issues. The hearing focused on the Harbor Maintenance Trust Fund and Harbor Maintenance Tax, maintenance underfunding, and the tax treatment of foreign shipping operations. Testimony was heard […]

  • 30 June 2017
    Business & Finance

    Senators Patty Murray and Maria Cantwell and Representative Dave Reichert yesterday introduced bipartisan, bicameral legislation to reform the outdated Harbor Maintenance Trust Fund (HMTF). The Harbor Maintenance Trust Fund Reform Act of 2017 would make sure all of the money collected through the Harbor Maintenance Tax (HMT) each year is returned directly to ports in order to […]

  • 22 January 2015
    Business & Finance

    Ostrow Reisin Berk & Abrams, Ltd. (ORBA) Director Michael J. Kovacs, CPA will be speaking at the Association of Marina Industries’ International Marina & Boatyard Conference (IMBC), taking place January 28-30 in Tampa, Florida. Mr. Kovacs’s session, “Reducing The Most Hated Expense of Marina Owners—Income Taxes,” will discuss key areas for tax benefits, including cost segregation, […]

  • 11 December 2018
    Business & Finance

     The American Association of Port Authorities (AAPA), a trade association founded in 1912 that represents over 130 port authorities in the Western Hemisphere, including the United States, Canada, the Caribbean and Latin America, recently announced a video named ‘Let’s Fix the Harbor Maintenance Tax’ (HMT). According to the Association, America’s ports are denied full funding through […]

  • 22 September 2010

    It sounds counterintuitive: A group of homeowners asking the city to raise their property taxes by almost 20 percent. But that’s exactly … By Aaron Applegate (hamptonroads) [mappress] Source: hamptonroads, September 23, 2010;

  • 22 May 2015
    Business & Finance

    The American Association of Port Authorities (AAPA) has praised the U.S. Senate Appropriations Committee for passing legislation that funds key provisions contained in the Water Resources Reform and Development Act (WRRDA) enacted last year. The Senate Energy & Water Appropriations bill would provide $1.254 billion from the Harbor Maintenance Tax (HMT) Trust Fund to the […]

  • 11 October 2016
    Business & Finance

    The American Association of Port Authorities (AAPA) is focusing on three key priorities for the 2016 Water Resources Development Act, or WRDA, in advance of it being finalized by a House-Senate conference committee. The U.S. House overwhelmingly approved its version of the bill (H.R. 5303) on September 29 by a vote of 399 to 25, while […]

  • 3 December 2014
    Business & Finance

    The 2015 budget approved Monday by the Decatur City Council represents a 12-month financial roadmap for the city buoyed by a recent economic upswing yet constrained by the reality of revenue challenges that hamper the city’s ability to fund a number of critical priorities. Council members voted 6-0 to approve both the city’s 2015 budget […]

  • 29 October 2019
    Business & Finance, Project & Tenders

    The U.S. House of Representatives has passed by a recorded vote the Full Utilization of the Harbor Maintenance Trust Fund (HMTF), H.R. 2440. The vote was 296 in favor and 109 opposed. The voting required a two-thirds super majority of the House in order to pass under “suspension of the rules.” There were seventeen (17) […]

  • 8 March 2013

    Dredging Corporation of India Limited  will raise Rs.500 crore through public issue of tax-free bonds of face value of Rs.1,000 each, said its chairman and managing director D.K.Mohanty Friday. India’s only dredging company in public sector is raising the money to acquire a dredger. It is one of the three dredgers being purchased by the […]

  • 18 October 2012

    Ennore Port Ltd has announced plan to raise around Rs 1,000 crore through its tax-free bonds. The proposed plan should provide the additional funding for the implementation of some very important development projects. “We are ready for the issue (of tax free bonds), the ministry (Union Ministry of Shipping) has sent the proposal to the […]

  • 28 June 2019
    Business & Finance

    The American Association of Port Authorities (AAPA), together with 100 supporting U.S. ports and other organizations, delivered a letter to House and Senate leadership earlier this week, urging them to enact a comprehensive solution to “fix the HMT (Harbor Maintenance Tax) for good”. As AAPA reported, America’s seaports are economic engines and vital freight gateways […]

  • 29 February 2012

    The Business Standard reports that Ennore Port Ltd is planning to raise around Rs 1,000 crore through tax-free bonds to support its expansion and infrastructure development. “We had approached the shipping ministry to raise the money through tax-free bonds and it, in turn, had asked the finance ministry’s nod and the Central Board of Direct […]

  • 13 May 2015
    Business & Finance, Project & Tenders

    Congressman Frank Pallone, Jr. has applauded the Environmental Protection Agency’s (EPA) final cleanup plan for the Cornell-Dubilier Electronics Superfund site in South Plainfield, New Jersey.  The plan is for the cleanup of a nine mile stretch of Bound Brook, which passes next to the former Cornell-Dubilier Electronics facility. The final plan includes dredging PCB-contaminated sediment, excavating soil […]

  • 18 June 2012

    After a review of the infrastructure sector by the Prime Minister Dr. Manmohan Singh, a target has been set for the Shipping Ministry for award of projects for creating 244 million tonnes of capacity during 2012-13 spread across 42 projects at an estimated cost of Rs. 14,500 crore. The target also include, obtaining approval of […]