VALUE DRIVEN STATE & LOCAL TAX EXPERTS SERVICING ALL 50 STATES
Multi-State Retail ClientKEA has become an integral part of our team. They have provided clarity and comfort to our business with their wealth of knowledge and willingness to help. The peace of mind they provide our company is almost as valuable as the tax savings. We couldn’t do it without them.
Large National Convenience Store ChainI am continually pleased with the quality and service I receive from KE Andrews. They are very responsive, extremely helpful, knowledgeable, and have simplified my overall process. KE Andrews is a part of our team and they get 2 thumbs up from me!
Our company has engaged KE Andrews for at least the past 20 years to help minimize our property tax liability, in particular in the State of Texas. Over the past couple years or so, they have also filed and successfully obtained for us several substantial Texas severance tax refunds. All in all we have saved and recovered many millions of dollars as a direct result of their efforts.
Bobby S., MBAI’ve had the opportunity to work closely with the Severance Tax department over the last four years as a client of KE Andrews. In that time, their expertise in the area of severance tax has created significant current and long-term value for our company. As a client, I truly appreciate their professionalism and enthusiasm. They are highly determined to provide exceptional service to their clients and are dedicated to finding all possible tax savings opportunities. I highly recommend KE Andrews. They are experts in this field.
Multi-State Restaurant ChainKE Andrews is essential for our business. They are always responsive at every hour of the day and have helped us get serious dollars back for us year over year. Not only that, they have paid our bills in over 50 jurisdictions, removing the burden of processing every county individually and paying each bill. We love them!
At KE Andrews, we represent a multitude of clients that have multi-state asset portfolios. We provide expert industry representation at the state level when it comes to new legislation, and monitor the constant state and local legislative changes that affect your bottom line nationwide. Our property tax consultants are ready to serve you. We are more than just a tax firm. KE Andrews is a strategic partner.
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Gov. Bill Haslam signed a proposal into law Thursday that would continue to exempt whiskey distillers in Tennessee from paying property taxes on their barrels.
The proposal, which was overwhelmingly approved in the legislature, arose after a local audit deemed barrels owned by Lynchburg-based Jack Daniel's taxable.
As the legislation was under consideration, the company said it had not paid property taxes on its barrels since the end of Prohibition. Master distiller Jeff Arnett said Jack Daniel's would have to pay nearly $3 million this year if a tax were imposed. Read full article here...
TWO BRISTOL TENNESSEE LEADERS WANT TO RAISE PROPERTY TAX RATE
BRISTOL, Tenn. — Eight months after Bristol Tennessee City Council lowered the city’s property tax rate by 9 cents, two council members want to raise it.
The current budget was approved with a tax rate of $2.25 per $100 of assessed value, but last September, following the property reassessment that occurs every four years, council voted to lower it to $2.16. That brought some city projects, including plans to build an aquatics center, to a halt and resulted in cuts totaling $1.4 million to capital spending in all city departments.
Vice Mayor Margaret Feierabend said she wants council to consider an increase before property tax bills are mailed out in October.
“Council usually re-evaluates the property taxes every four years — but it’s a tradition — it’s not an ordinance,” she said. “We don’t have what we need in place to keep us up to speed with our competition in the Tri-Cities, in the region and in our country.” Read full article here...
That’s according to a lawyer for the Downtown Development District and documents filed in its lawsuit seeking a refund of about $400,000.
According to state Supreme Court rulings and an Attorney General’s Office opinion, local governments are not allowed to use property taxes for expenses not approved by voters. However, from at least 2014 to 2016, the city used between $3.7 million and $4.2 million of those taxes to contribute to state pension funds.
In March, The Advocate reported that the Downtown Development District had demanded repayment of hundreds of thousands of dollars that it said the city had collected on its behalf but then diverted to the retirement funds.
The district sued the city in April. It argued that its tax, which is levied on properties in the Central Business District, can be used only to fund its own activities, such as sidewalk improvements, a new homeless shelter and enhanced security in the CBD.
Read full article by Charles Maldonado here
The new sales tax that Pasquotank voters approved in last week's primary election to support public schools may not start bringing in more revenue until January, Pasquotank officials said Thursday......read full article here
Onondaga County Sales Tax Revenue is Up, Mahoney Credits Tourism Investments- New York
Sales tax receipts are up in Onondaga County. Onondaga County Executive Joanie Mahoney said it shows there has been a return on the investment in things like the St. Joseph’s Health Amphitheater at Lakeview......read full article here
Special Election for Sales Tax Increase Could Cost a Million- Florida
DAYTONA BEACH, Fla. (AP) — A special election to consider a proposed sales tax increase in northeast Florida could cost voters as much as $1 million next year. The Daytona Beach News journal reports Volusia County voters are unlikely to see any proposal until 2019 to increase the sales tax by a half a cent.....read full article here
Now There is Only One Unlikely Path to a Pima County Road Repair Sales Tax- Arizona
Lost in the din of budgetary wrangling at the state Capitol, a major transportation funding bill made it to the goal line but never crossed. Among other things, HB 2162 would have allowed the Pima County Board of Supervisors — on a simple majority vote — to refer to the voters a half-cent expansion of the RTA tax for road repair.....read full article here
City Sees Increase in Q1 Sales Tax Revenue- New York
Earlier this week, Joseph Bellitto, city comptroller, announced that sales tax revenues during the first quarter increased by $83,847, or 6.13 percent, compared to last year. He said the city is at 24.20 percent, or $1,452,104, of the $6 million city officials budgeted for the year. .....read full article here
State Real Property Tax Law says properties containing various energy systems - including solar energy, wind energy, farm waste energy, micro-hydroelectric energy, fuel cell electric generating, micro-combined heat and power generating equipment or an electric energy storage system approved by the State Energy Research and Development Authority - are exempt from taxation for 15 years on any increase in assessed property value due to the system.
The state law says each county, city, town, village and school district (except the city school districts of New York, Buffalo, Rochester, Syracuse, and Yonkers) may choose whether to disallow the exemption for energy systems which began construction since Jan. 1, 1991, or which begin construction before Jan. 1, 2025, and to micro-hydroelectric energy systems, fuel cell electric generating systems, micro-combined heat and power generating equipment systems, or electric energy storage equipment and electric energy storage systems constructed after January 1, 2018 or the effective date of the local law or resolution, whichever is later.
The option must be exercised by counties, cities, towns, and villages through adoption of a local law and by school districts by adoption of a resolution.
Read full article by Brian Quinn here
The Railroad Commission of Texas, which regulates the state's oil and gas industry, issued 1,221 original drilling permits in April, up around 34% from last year.
Oil prices have climbed to near $71 per barrel, its strongest level in nearly three and a half years, aided by production cuts from OPEC and declining supplies from Venezuela.
A fresh round of U.S. sanctions on Iran announced this week also is anticipated to take some supply out of the market, further supporting prices.
Well completions in Texas also rose in April, with the regulator processing 616 oil completions, vs. just 439 a year ago. The commission has processed 3,514 completions so far this year, an increase of 43% from the same time last year.
Although completions are on the rise, the backlog of drilled-but-uncompleted wells (DUCs) continues to tick higher as the availability of hydraulic fracturing crews remains tight. There were some 3,044 DUCs in the Permian in March, up 122 from the month prior, according to the U.S. Energy Information Administration.
Read full article by Reuters here