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The Treasury Department's Office of Payment Integrity (OPI) deployed Artificial Intelligence(AI)-based fraud detection at the onset of Fiscal Year 2023, resulting in the recovery of over $375 ...
The IRS announced that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion within six months. "We are encouraged by the results so fa...
The IRS has announced the federal income tax treatment of certain lead service line replacement programs for residential property owners. It is required by the federal and many state governmen...
The IRS has released guidance to help taxpayers understand what to do with Form 1099-K. Responding to feedback from taxpayers, tax professionals and payment processors, the agency had announced b...
The IRS has provided a waiver for any individual who failed to meet the foreign earned income or deduction eligibility requirements of Code Sec. 911(d)(1) because adverse conditions in a f...
The chart listing the counties and municipalities that will participate in Alabama’s back-to-school sales tax holiday has been updated. The holiday is being held from July 19 through July 21, 2024.L...
Alaska Gov. Mike Dunleavy announced he is sponsoring legislation that will create a corporation income tax credit for:employer-provided childcare or employer childcare expense reimbursements; andcontr...
Arizona has modified provisions relating to the administration of local excise taxes. The Department may reject a city or town's request to audit a taxpayer engaging in business across multiple cities...
The following Arkansas local sales tax rate changes are effective July 1, 2024:Local RatesCalhoun County increases its sales and use tax from 2.5% to 2.625%.The city of Gassville increases its sales a...
An S corporation and a limited liability company (LLC) were engaged in the same unitary business, so gain on the sale of the S corporation's interest in the LLC generated business income subject to ap...
Colorado's Bridge and Tunnel Impact (BTI) and Road Usage (RUF) fees are set to increase to $0.01 per gallon effective July 1. Release,Colorado Department of Revenue, April 8, 2024...
For Connecticut property tax purposes, the trial court erred in determining that it lacked subject matter jurisdiction over the taxpayer’s appeal on the basis that the taxpayer’s petition to the t...
Delaware adopted rules that provide guidance on tax refund intercept requests from other states, including:access to information contained in a taxpayer's Delaware and federal personal income tax retu...
The District of Columbia (DC) Mayor Muriel Bowser testified in support of her Fiscal Year 2025 budget. The proposed budget includes tax increases to the:Paid Family Leave tax on businesses; and911 fee...
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From January 1, 2024, through December 31, 2024, the tax rate for phosphate rock pro...
The Georgia Department of Revenue has released a local sales and use tax rate chart for the quarter beginning April 1, 2024. Georgia Sales and Use Tax Rate Chart, Georgia Department of Revenue, March ...
The Hawaii House of Representatives and Senate approved identical, companion bills introduced in their own chambers that would update Hawaii’s Internal Revenue Code tie-in date for computing corpora...
The Idaho State Tax Commission has issued a release announcing that veterans with disabilities are eligible to have their property tax bill reduced by as much as $1,500 on their Idaho residence and up...
The Illinois Department of Revenue updated the 2023 partnership replacement tax return instructions to:cover new requirements that investment partnerships withhold income tax for nonresident partners;...
Indiana has issued updated guidance regarding sales and use tax registration, collection, and remittance requirements for remote sellers and marketplace facilitators. The guidance includes a discussio...
The Iowa Senate passed a joint resolution approving an amendment to the Iowa Constitution that would require a single rate for individual income taxes. The resolution has now gone to the Iowa House.Th...
The Kansas House of Representatives passed a tax package that proposes to:replace the three-bracket graduated personal income tax rate schedule with a two-bracket schedule and provide a small rate red...
For property tax purposes, the circuit court did not err in upholding the Kentucky Board of Tax Appeals rulings because the undervaluation of the parcels was due to the failure of the former property ...
Louisiana could not impose sales tax on video-on-demand (VOD) and pay-per-view (PPV) programming provided by a satellite television company that charged monthly subscription fees for services. The tra...
The state of Maine has updated its list of frequently asked questions about income tax withholding to make technical changes. Income Tax Withholding FAQ, Maine Revenue Services, April 3, 2024...
Following the recent bridge collapse, Maryland says it will waive IFTA licensing/decal requirements for motor carriers hauling freight to or from a seaport until at least May 31. New license registrat...
The interest rates on the underpayment and overpayment of Massachusetts taxes are unchanged for the period April 1, 2024, through June 30, 2024.The rate for overpayments is 7%.The rate for underpaymen...
The interest rate applicable to amounts of Michigan tax determined by the Michigan Tax Tribunal to be unlawfully paid or underpaid increases to 9.50% for the period July 1, 2024 through December 31, 2...
Minnesota taxpayers' losses associated with residential property they owned on Bainbridge Island in the State of Washington were passive activity losses that they could not use to offset their nonpass...
The city of Amory in Mississippi is authorized to levy a tax on every person, firm, or corporation operating:a hotel or motel in the city at a rate of not more than 3% of the gross proceeds of room re...
The interest rate on all qualifying Missouri tax refunds is 3% for the period from April 1, 2024 to June 30, 2024. The interest rate is 2.7% for the period from January 1, 2024, to March 31, 2024. Sta...
Montana issued a notice discussing common errors that taxpayers should try to avoid when filing Form PTE. For example, a pass-through entity making an election to pay pass-through entity tax (PTET) mu...
For purposes of the Nebraska tobacco products tax, each manufacturer of electronic nicotine delivery systems that are sold at retail in the state must be certified. An application for certification mu...
In the 2024 general election, Nevada voters will decide if diapers will be exempt from all sales and use taxes effective January 1, 2025. If approved by the voters, the exemption would be in effect un...
New Hampshire has provided annual guidance for the credit for donations to scholarship organizations that may be claimed against the business profits tax and the business enterprise tax. The allowable...
New Jersey had release guidance regarding its adoption of the federal partnership tax audit regime. The adoption of laws regarding the federal centralized partnership audit regime applies to any adjus...
New Mexico enacted legislation making various changes to the state's personal and business income tax laws. These changes include:Changes effective in tax year 2024:Angel investor credit:Qualified inv...
For New York property tax purposes, the Appellate Division affirmed the Supreme Court’s decision because the taxpayer failed to raise a triable issue of fact in opposition. The taxpayer had purchase...
A taxpayer’s petition challenging a North Carolina sales and use tax assessment was barred by the doctrine of sovereign immunity because the petition was untimely filed. In this matter, the taxpayer...
North Dakota issued a newsletter summarizing legislation enacted in 2023 affecting the corporate and personal income taxes. Among the topics covered are individual income tax rate reductions, deductio...
The Ohio Department of Taxation has reminded taxpayers that have made an election to have the state administer the municipal net profit tax, that they may use 100% of the remaining balance of unexpire...
Additional Oklahoma local sales and use tax rate changes have been announced effective July 1, 2024.City Rate ChangesCanton increases its rate from 3.0% to 4.0%.Perkins increases its rate from 3.375% ...
Oregon has amended sunset dates for several income tax programs. The sunset date for the Industrial Site Readiness Program is extended to December 31, 2029. Furthermore, the income tax credit for sale...
For Pennsylvania property tax purposes, the Commonwealth Court reversed the trial court’s order overruling the taxpayers’ objections to the upset tax sale because the County Tax Claim Bureau (Bure...
The Rhode Island Department of Revenue Division of Taxation has informed International Fuel Tax Agreement (IFTA) filers that it will no longer mail forms and that all filers must file electronically b...
The taxpayer's sale and rental of digital textbooks (eTextbooks) was exempt from South Carolina sales tax because such transactions fell within the exemption for textbooks. The eTextbooks could be rea...
South Dakota may adjust the assessed value of agricultural land based on the presence of shelterbelts. Shelterbelts include the following items placed specifically for conservation purposes:field shel...
Recently enacted Tennessee legislation provides that the Commissioner may approve an alternative date for filing and paying the premium tax due for captive insurance companies on a fiscal year end. Th...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period February 2024 is $47.12 per barrel for the three-month period beginning on Novem...
Utah has revised guidance it provides on reporting instructions for holders of unclaimed property. The revised guidance discusses Utah’s 2024 unclaimed property laws concerning the reporting require...
Vermont has issued updated guidance on the homestead declaration for property tax purposes. Property owners whose homes meet the "homestead" definition must file a Homestead Declaration annually by th...
Virginia has extended the corporate and personal income tax credit for participating landlords for one year, through tax years beginning before January 1, 2026. In addition, for taxable years beginnin...
Medical tattoo services are subject to Washington business and occupation (B&O) tax under the service and other activities classification. The service provider must retain documentation, including...
West Virginia enacted legislation that provides a personal income tax exemption to private trust companies licensed in the state. A private trust company is a corporation or limited liability company ...
For corporate and personal income tax purposes, the Wisconsin Department of Revenue has updated its fact sheet regarding the farmland preservation credit. Fact Sheet 1115, Wisconsin Department of Reve...
A Wyoming property tax exemption has been authorized for long-term homeowners. An exemption in an amount of 50% of the assessed value is available to an owner of residential real property used as a pr...
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