Sellers could cover stamp duty for firsttime buyers Can I Get First Time buyer stamp duty relief for a Buy to Let? – In November 2017 the government bought in new rules regarding the stamp duty that is payable by first time buyers. In essence this meant that first time buyers who were buying a property worth under 300,000 would not have to pay any stamp duty as long as this was their first purchase. As with all [.]
Sam Brownback declared Thursday in his State of the State address that Kansas. increase would mean that if a person smokes a pack a day, the state would collect an extra $547.5 per year. George.
Selling bonds backed by the tobacco money would mean that some or all of it would go to investors in exchange for a large upfront payment. Kansas currently uses the tobacco money to fund children.
Despite new challenges to tobacco companies, tobacco settlement bonds remain good investments. Unlike corporate bonds issued directly by tobacco companies, debt service payments on tobacco settlement bonds do not rely on the credit strengths of any particular tobacco company, but on the tobacco industry as a whole and the smokers who continue to use their products.
“Tobacco securitization” would allow the state of Kansas to sell off the rights to part of its 1998 tobacco settlement money for the next 20 to 30 years, in exchange for about $160 million now..
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S&P issued a lowered credit outlook for Kansas on Wednesday. Its report referenced weak economic trends and structural budget pressures. The ratings agency said pension underfunding and tobacco.
Kansas was one of 46 states that won a lawsuit against the nation’s four largest tobacco companies in 1998. The states sought money to cover the health care costs of smoking. Kansas receives annual payments based on cigarette sales as a result.
Kansas is one of 46 states that receive annual payment from major U.S. tobacco manufacturers under the 1998 master settlement, which is designed to compensate them for tobacco-related healthcare costs. Many states have securitized these payments in order to receive a lump sum payment.
Under a securitization deal, bonds backed by the state’s tobacco settlement revenue would be sold to generate an immediate infusion of cash. In exchange, the state would be required to give up some or all of its annual tobacco payments for about 30 years to compensate the bond holders.
It would change the way future spending cuts are applied to state universities. The change would mean bigger cuts for the University of Kansas and Kansas State University while reducing the cuts to.
Owner of troubled Fort Lauderdale hotel scores $63M refi Raul Calderon – REALTOR at Concierge Realty Group, LLC – Once your values are clear your decisions are easy. Raul believes the role as your Realtor is to help clarify those values and guide you through the buying or selling process, taking the time to make sure you are comfortable with every step of the transaction.