Latest news with #167
Yahoo
03-06-2025
- Business
- Yahoo
Overnight closures on SR 167, I-405 expected
Drivers in Renton and Kent should brace for overnight closures of northbound and southbound SR 167. All lanes of northbound and southbound SR 167 in Kent will be closed overnight from South 212th Street and 84th Avenue South/Central Avenue North from 10 p.m. Tuesday, June 3, to 4 a.m. Wednesday, June 4. The following on-and off-ramps will also be closed: South 212th Street on-ramp to southbound SR 167 Southbound SR 167 off-ramp to 84th Avenue South Central Avenue North on-ramp to northbound SR 167 Northbound SR 167 off-ramp ramp to South 212th Street A signed detour will be in place. There will be closures again next week. Southbound SR 167 closure details, June 9-10 All lanes of southbound SR 167 in Renton will be closed overnight from Interstate 405 to South 180th Street from 11:59 p.m. Monday, June 9, to 5 a.m. Tuesday, June 10. The following on- and off-ramps will also be closed: Southbound SR 167 off-ramp to Southwest 41st Street Eastbound I-405 on-ramp to southbound SR 167 Westbound I-405 on-ramp to southbound SR 167 Contractor crews working for the Washington State Department of Transportation will be installing sign bridges and toll gantry structures as part of the SR 167 Corridor Improvements Project.
Yahoo
22-05-2025
- Business
- Yahoo
Child care tax credit for businesses introduced in Ohio House
(File photo by Rebecca Rivas/Missouri Independent). A new bill introduced in the Ohio House would create a business tax credit for child care benefits similar to a federal credit the bill's sponsor says is underutilized. State Rep. Andrea White, R-Kettering, told the House Ways and Means Committee said the tax credit in House Bill 167 would offer a stronger incentive for employers than the federal tax credit does, by bridging a gap in the federal funds available for businesses. The tax credit would also be another attempt to stem a problem that covers all of Ohio, from urban centers to rural regions. 'Let's try something, let's get something going to see how we can get our employers engaged,' White told the committee. H.B. 167 would authorize a nonrefundable tax credit for an employer providing 'certain child care benefits' to employees, allows the credit to be claimed against other taxes like income or the commercial activity tax, and creates eligibility for costs 'associated with establishing or operating an employer-owned child care facility, contracting with a child care facility, or paying employees for the provision of their own child care. Under the current language of the bill, the credit is limited to $500,000 per year, but any unused funds can be carried over for five years, White said. She said she's open to changes to that cap or the carryover language if the committee feels the amounts are too high. The federal credit that's already in place covers 25% of total expenses related to child care services or benefits, and up to 10% of the resource and referral expenses, for a total credit capped at $150,000 per year. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX It's a heavy lift for businesses, White argued, since they must spend at least $600,000 to be able to get the full benefit, if they're aware of it at all. 'People don't know about this credit, they don't quite understand how to utilize it,' White said. '…But the other thing is it doesn't help if you, as a business, want to give a stipend for your employee, it doesn't cover that as a tax credit, so this gives employers more options so that they can actually take advantage of it.' H.B. 167 also allows non-profits to utilize the tax credit, unlike the federal credit, White said. The measure comes amid ongoing discussions about the state of child care, and how the economy is affected by a lack of access and affordability for the services in Ohio. Child care 'deserts' exist in Ohio where no services are available for children, and data from the Ohio Department of Children and Youth estimate 40,000 children in the state aren't eligible for Publicly Funded Child Care, meaning they don't receive state assistance to pay for the services. On top of those problems, low pay and high turnover in the child care sector means even if child care exists, the workforce shortages reduce capacity at facilities. White cited recent research by the U.S. Chamber of Commerce that found Ohio is losing $5.48 billion every year in economic activity because of 'insufficient child care,' including $1.52 billion in tax revenue and $3.97 billion in losses related to child care employee turnover and absenteeism. 'The business community, our families, are looking for solutions, and this is a solution,' White said. The bill sponsor also echoed comments by ODCY director Kara Wente in supporting the Child Care Choice Voucher Program, which subsidizes child care for those who fall outside the Publicly Funded Child Care eligibility of 145% of the federal poverty line. This is certainly not the first time White has pushed for more child care supports. A bill she co-sponsored establishing child care grant programs for employers was passed last month by the House committee she chairs, the Children and Human Services Committee. State support for child care is uncertain as it is, with the state operating budget draft being drawn up by the Ohio Senate, after the Ohio House finalized its own draft last month. The House's version added $50 million to the Child Care Choice Voucher Program for each of the next two fiscal years, taking from federal Temporary Assistance for Needy Families block grant funding. Despite a proposal by Gov. Mike DeWine to increase the Publicly Funded Child Care eligibility to 160% of the federal poverty line, the House budget draft maintained the 145% level, which Wente said is the lowest eligibility level in the country. Also included in House budget proposal is language originally included in separate legislation, which would create a cost-sharing model for child care, in which the state, employers and employees would all pay a percentage of costs. In a hearing earlier this month, the House Children and Human Services Committee passed the original bill with language they said harmonizes the bill with the budget proposal details. In House Bill 2, the state would pay 20% of the costs, and employers and employees would each pay 40%. During the hearing, however, two Republicans on the committee put concerns on the record about H.B. 2 and White's child care grant program bill, House Bill 41. State Rep. Sarah Fowler Arthur, R-Ashtabula, voted against both bills, saying she had 'concerns about the state subsidizing child care going forward.' State Rep. Tracy Richardson, R-Marysville, voted in favor of both bills but said the House Finance Committee may have to work on at least House Bill 2, 'maybe look at perhaps some potential reduction in overall funding.' On H.B. 41, Richardson said the finance committee 'should take a closer look at the overall appropriation.' The Senate is currently working on their own draft, on line for an end-of-June deadline for both chambers to reconcile each of their budget drafts and get a final budget to the governor for signature. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Barnama
30-04-2025
- Business
- Barnama
Ideal Property Refutes Allegations Linked To MBI Scam, Lodges MCMC And Police Reports
GEORGE TOWN, April 30 (Bernama) -- The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities' investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict adherence to the law and ethical business principles, while the organisation is committed to maintaining the highest levels of professional integrity and operational transparency. 'Recently, Ideal Property Group has come across fake news and false postings on uncredited social media, falsely alleging the investigation and arrest of our group executive chairman in connection with the authorities' investigation into the MBI Group. 'Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements,' according to the statement posted on Facebook. To address this, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission (MCMC), the police and will take immediate legal action to protect its reputation. The group also pledge to continue to exhibit solid operational performance and maintain its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence. On April 22, police arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI. Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police's Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals, police have also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167, located in Raub, Pahang; Jawi, Penang; and Tasek, Kedah. Inspector-General of Police Tan Sri Razarudin Husain was previously reported to have said that eight individuals were arrested and assets worth RM3.17 billion were seized in connection with the fraudulent scheme.
Malay Mail
30-04-2025
- Business
- Malay Mail
Ideal Property Group denies chairman linked to MBI scam, lodges report over ‘false and malicious' claims
GEORGE TOWN, April 30 — The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities' investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict adherence to the law and ethical business principles, while the organisation is committed to maintaining the highest levels of professional integrity and operational transparency. 'Recently, Ideal Property Group has come across fake news and false postings on uncredited social media, falsely alleging the investigation and arrest of our group executive chairman in connection with the authorities' investigation into the MBI Group. 'Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements,' according to the statement posted on Facebook. To address this, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission (MCMC), the police and will take immediate legal action to protect its reputation. The group also pledged to continue to exhibit solid operational performance and maintain its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence. On April 22, police arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI. Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police's Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals, police have also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167, located in Raub, Pahang; Jawi, Penang; and Tasek, Kedah. Inspector-General of Police Tan Sri Razarudin Husain was previously reported to have said that eight individuals were arrested and assets worth RM3.17 billion were seized in connection with the fraudulent scheme. Razarudin said the arrests were part of a cross-border operation launched following information obtained via an Interpol Red Notice. — Bernama
Barnama
22-04-2025
- Business
- Barnama
Op Northern Star: Five More Individuals Arrested, Three Durian Orchards Seized
KUALA LUMPUR, April 22 (Bernama) -- Police have arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI International Group (MBI), during the Op Northern Star operation carried out from last Friday until yesterday. Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police's Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals aged between 32 and 67 in the Klang Valley and the northern region, police also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167. He said the durian orchards are located in Raub, Pahang (850 acres), Jawi, Penang (13 acres), and Tasek, Kedah (34 acres). 'All those arrested have been remanded for between five and six days to assist investigations under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001),' he said at a press conference here today. Muhammed Hasbullah said police also seized 299 bank accounts valued at RM123,614,594.35, 12 luxury vehicles, a luxury watch, five mobile phones, and various important documents. These also include three business entities, namely a palm oil processing factory in Kedah, a hotel, and a property development company in Penang. The total value of seizures from both operations stands at RM3,513,304,957.84, he said. Muhammed Hasbullah added that investigations were ongoing, and more arrests and asset seizures were expected soon. 'Any individual or entity suspected of directly or indirectly being involved in acquiring, receiving, possessing, concealing, transferring, altering, disposing of, or moving into or out of the country proceeds derived from this illegal investment activity will be investigated. 'Anyone who has been deceived by this investment scheme is urged to come forward with information to assist the police,' he said.
