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2023 Post-Filing Season Update2022 Tax Year-In-ReviewConsolidated Appropriations Act, 2023Inflation Reduction Act of 2022, Signed Aug. 16Inflation Reduction Act of 2022
IRS Reminds Taxpayers to Protect Important Financial Documents During Natural Disasters, IR-2023-100
In recognition of National Hurricane Preparedness Week and National Wildfire Awareness month, the IRS reminded taxpayers to have a year round complete emergency preparedness plan to protect personal ...
In recognition of National Hurricane Preparedness Week and National Wildfire Awareness month, the IRS reminded taxpayers to have a year round complete emergency preparedness plan to protect personal ...
IRS Updates Allowable Living Expense Standards for 2023
The IRS has updated the Allowable Living Expense (ALE) Standards, effective April 24, 2023.The ALE standards reduce subjectivity when determining what a taxpayer may claim as basic living ...
The IRS has updated the Allowable Living Expense (ALE) Standards, effective April 24, 2023.The ALE standards reduce subjectivity when determining what a taxpayer may claim as basic living ...
2024 Inflation Adjustments for Health Savings Accounts Released, Rev. Proc. 2023-23
The IRS has released the 2024 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2024, the annual limitation on deductions under Code Sec. 223(b)(2...
The IRS has released the 2024 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2024, the annual limitation on deductions under Code Sec. 223(b)(2...
Taxpayers Urged to Begin Tax Planning Now to Take Advantage of Tax Saving Opportunities, IR-2023-95
The IRS, as part of the National Small Business week initiative, has urged business taxpayers to begin planning now to take advantage of tax-saving opportunities and get ready for repor...
The IRS, as part of the National Small Business week initiative, has urged business taxpayers to begin planning now to take advantage of tax-saving opportunities and get ready for repor...
Energy Efficient Home Improvements Eligible for Tax Credits, IR-2023-97
The IRS has informed taxpayers who make energy improvements to their existing residence including solar, wind, geothermal, fuel cells or battery storage may be eligible for expanded home energy tax...
The IRS has informed taxpayers who make energy improvements to their existing residence including solar, wind, geothermal, fuel cells or battery storage may be eligible for expanded home energy tax...
Bitcoin Characterized as Legal Tender by Certain Foreign Jurisdictions, Notice 2023-34
The IRS has modified Notice 2014-21 to remove Background section information stating that virtual currency does not have legal tender status in any jurisdiction, as the Department of the Treasury a...
The IRS has modified Notice 2014-21 to remove Background section information stating that virtual currency does not have legal tender status in any jurisdiction, as the Department of the Treasury a...
Public Hearings for Proposed Regulations to Be Conducted In-Person, Announcement 2023-16
The IRS and Department of the Treasury announced that public hearings conducted by the Service will no longer conduct public hearings on notices of proposed rulemaking solely by telephone for...
The IRS and Department of the Treasury announced that public hearings conducted by the Service will no longer conduct public hearings on notices of proposed rulemaking solely by telephone for...
AL - Telecom Dealer Not Subject to Tax on Sales of Prepaid Wireless-Service Plans
The Alabama Court of Civil Appeals (court) affirmed that an authorized dealer (taxpayer) of a telecommunications company (company) did not owe sales tax on funds it received from customers as prepayme...
The Alabama Court of Civil Appeals (court) affirmed that an authorized dealer (taxpayer) of a telecommunications company (company) did not owe sales tax on funds it received from customers as prepayme...
AK - Sleep clinic operator did not qualify for qualified small business Exemption
A sleep clinic operator (taxpayer) was properly subject to Alaska corporate income tax for the tax years at issue because the taxpayer did not qualify for the qualified small business exemption. In th...
A sleep clinic operator (taxpayer) was properly subject to Alaska corporate income tax for the tax years at issue because the taxpayer did not qualify for the qualified small business exemption. In th...
AZ - Local rate change announced
The Arizona Department of Revenue has announced a local transaction privilege tax (TPT) rate change.Show LowEffective July 1, 2023, the city will impose a new Hotel/Motel Additional Tax at a rate of 3...
The Arizona Department of Revenue has announced a local transaction privilege tax (TPT) rate change.Show LowEffective July 1, 2023, the city will impose a new Hotel/Motel Additional Tax at a rate of 3...
AR - Extended deadlines for taxpayers in affected counties discussed
Arkansas Governor Sanders announced the extension of the 2022 income tax filing date and income tax payment date from April 18, 2023, to July 31, 2023, for affected counties. This extension includes 2...
Arkansas Governor Sanders announced the extension of the 2022 income tax filing date and income tax payment date from April 18, 2023, to July 31, 2023, for affected counties. This extension includes 2...
CA - Tax relief announced for storm victims in Modoc County
The IRS has announced tax return filing and payment relief for individuals and businesses in Modoc County affected by the severe winter storms, straight-line winds, flooding, landslides, and mudslides...
The IRS has announced tax return filing and payment relief for individuals and businesses in Modoc County affected by the severe winter storms, straight-line winds, flooding, landslides, and mudslides...
CO - Rule clarifies subtraction for IRC Sec. 78 dividends
Colorado has adopted a new rule regarding the subtraction from federal taxable income for amounts treated as dividends pursuant to IRC Sec. 78. The rule:advises taxpayers that the subtraction is limit...
Colorado has adopted a new rule regarding the subtraction from federal taxable income for amounts treated as dividends pursuant to IRC Sec. 78. The rule:advises taxpayers that the subtraction is limit...
CT - FAQs concerning IFTA filing requirements issued
Frequently asked questions (FAQs) have been issued to provide guidance for International Fuel Tax Agreement (IFTA) carriers regarding the calculation and reporting of the motor vehicle fuels tax credi...
Frequently asked questions (FAQs) have been issued to provide guidance for International Fuel Tax Agreement (IFTA) carriers regarding the calculation and reporting of the motor vehicle fuels tax credi...
DE - Criteria for special valuation of agriculture, horticulture, or forestry land use modified
Enacted Delaware legislation provides that land use must satisfy at least one of the following criteria to qualify for special property tax valuation as actively devoted to agriculture, horticulture, ...
Enacted Delaware legislation provides that land use must satisfy at least one of the following criteria to qualify for special property tax valuation as actively devoted to agriculture, horticulture, ...
DC - Sales tax on additional mandatory charges as a result of initiative 82 discussed
As businesses begin to comply with Initiative 82, which phases out the District of Columbia tipped minimum wage for servers, bartenders, and other tipped workers beginning May 1, 2023, the Office of T...
As businesses begin to comply with Initiative 82, which phases out the District of Columbia tipped minimum wage for servers, bartenders, and other tipped workers beginning May 1, 2023, the Office of T...
FL - Tax relief for Florida taxpayers impacted by severe storms, tornadoes, and flooding discussed
Florida will follow the corporate income tax relief granted by the IRS regarding tax return due dates for taxpayers affected by severe storms, tornadoes, and flooding. Eligible taxpayers that file Flo...
Florida will follow the corporate income tax relief granted by the IRS regarding tax return due dates for taxpayers affected by severe storms, tornadoes, and flooding. Eligible taxpayers that file Flo...
GA - Qualified education donation tax credit extended
Georgia has enacted legislation extending its tax credit for qualified education donations until December 31, 2026. The credit previously expired on December 31, 2023. Act 256 (H.B. 340), Laws 2023, e...
Georgia has enacted legislation extending its tax credit for qualified education donations until December 31, 2026. The credit previously expired on December 31, 2023. Act 256 (H.B. 340), Laws 2023, e...
HI - Guidance on renewable energy technologies credit for photovoltaic systems updated
Hawaii has updated its guidance regarding the renewable energy technologies income tax credit (RETITC), specifically the credit for photovoltaic (PV) systems. The publication explains, among other top...
Hawaii has updated its guidance regarding the renewable energy technologies income tax credit (RETITC), specifically the credit for photovoltaic (PV) systems. The publication explains, among other top...
ID - Taxpayer not entitled to joint estimated payment already claimed in full by ex-spouse
A taxpayer was not entitled to half of an overpayment of Idaho personal income tax from 2017 that her ex-spouse claimed in full as an estimated payment on his 2018 tax return, because the separate ori...
A taxpayer was not entitled to half of an overpayment of Idaho personal income tax from 2017 that her ex-spouse claimed in full as an estimated payment on his 2018 tax return, because the separate ori...
IL - Final LaSalle County multiplier announced for 2022
The final LaSalle County equalization factor (multiplier) for Illinois property tax purposes has been set for 2022 at 1.0000. The final 2021 multiplier was also 1.0000. Release, Illinois Department of...
The final LaSalle County equalization factor (multiplier) for Illinois property tax purposes has been set for 2022 at 1.0000. The final 2021 multiplier was also 1.0000. Release, Illinois Department of...
IN - June 2023 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of June 2023 is $0.204 per gallon. Departmental Notice #2, Indiana Department of Revenue, June 1, 2023...
The Indiana gasoline use tax rate for the month of June 2023 is $0.204 per gallon. Departmental Notice #2, Indiana Department of Revenue, June 1, 2023...
IA - Rule related to electric fuel excise tax adopted
The Iowa Department of Revenue adopted new regulations for the implementation of the excise tax on electric fuel. These rules provide guidance as to what entities need to obtain a license to sell or d...
The Iowa Department of Revenue adopted new regulations for the implementation of the excise tax on electric fuel. These rules provide guidance as to what entities need to obtain a license to sell or d...
KS - Additional nonprofit sales tax exemptions created
Kansas has created sales tax exemptions for certain nonprofit organizations and authorized additional counties to submit local taxes to the voters.Sales Tax ExemptionsPurchases by the Kansas Suicide P...
Kansas has created sales tax exemptions for certain nonprofit organizations and authorized additional counties to submit local taxes to the voters.Sales Tax ExemptionsPurchases by the Kansas Suicide P...
KY - Bulletin on local government premium taxes updated
The Kentucky Department of Insurance has updated a bulletin that contains information on local government premium taxes (LGPT) for insurance companies and surplus lines brokers, including the 2023-202...
The Kentucky Department of Insurance has updated a bulletin that contains information on local government premium taxes (LGPT) for insurance companies and surplus lines brokers, including the 2023-202...
LA - Natural gas severance tax rate announced
Effective July 1, 2023, through June 30, 2024, the Louisiana natural gas severance tax rate has been set at 25.1¢ per 1,000 cubic feet (MCF) measured at a base pressure of 15.025 pounds per square in...
Effective July 1, 2023, through June 30, 2024, the Louisiana natural gas severance tax rate has been set at 25.1¢ per 1,000 cubic feet (MCF) measured at a base pressure of 15.025 pounds per square in...
ME - EFT, composite filing, corporate income tax nexus, and credit for educational opportunity rules amended
Maine Revenue Services announced amendments to several rules effective May 3, 2023:Rule 102, regarding Electronic Funds Transfer (EFT), was amended to remove references to outdated payment methods, su...
Maine Revenue Services announced amendments to several rules effective May 3, 2023:Rule 102, regarding Electronic Funds Transfer (EFT), was amended to remove references to outdated payment methods, su...
MD - Student loan debt relief tax credit changes
Maryland has enacted legislation making changes to the student loan debt relief credit against its personal income tax. For tax years beginning after December 31, 2022, Maryland has increased the amou...
Maryland has enacted legislation making changes to the student loan debt relief credit against its personal income tax. For tax years beginning after December 31, 2022, Maryland has increased the amou...
MA - Relief act precludes imposition of motor vehicle excise tax on vehicle leased by active duty servicemembers
An active duty servicemember (taxpayer) stationed in Massachusetts and domiciled elsewhere was not responsible for excise tax assessed on a motor vehicle leased by him because the Servicemembers’ Ci...
An active duty servicemember (taxpayer) stationed in Massachusetts and domiciled elsewhere was not responsible for excise tax assessed on a motor vehicle leased by him because the Servicemembers’ Ci...
MI - Guidance provided on industrial processing changes
The Michigan Department of Treasury has provided guidance on the expansion of the industrial processing sales tax exemption pursuant to Public Acts 27 and 30 of 2023. Industrial processing includes th...
The Michigan Department of Treasury has provided guidance on the expansion of the industrial processing sales tax exemption pursuant to Public Acts 27 and 30 of 2023. Industrial processing includes th...
MN - Metropolitan area tax imposed
A local Minnesota sales and use tax of 0.25% is imposed on retail sales made in the metropolitan area or to a destination in the metropolitan area. The new tax applies on the same base as the state sa...
A local Minnesota sales and use tax of 0.25% is imposed on retail sales made in the metropolitan area or to a destination in the metropolitan area. The new tax applies on the same base as the state sa...
MS - Endow Mississippi credit extended
Mississippi has enacted legislation extending the Endow Mississippi tax credit until December 31, 2028. The legislation also increases the maximum amount of a qualified contribution to $500,000 and in...
Mississippi has enacted legislation extending the Endow Mississippi tax credit until December 31, 2028. The legislation also increases the maximum amount of a qualified contribution to $500,000 and in...
MO - Eligibility for claiming S corporation resident credit discussed
In a letter ruling, Missouri Department of Revenue (department) discussed eligibility of a tax entity's shareholders to receive the Section 143.081.3(2), RSMo, S corporation resident credit (credit).I...
In a letter ruling, Missouri Department of Revenue (department) discussed eligibility of a tax entity's shareholders to receive the Section 143.081.3(2), RSMo, S corporation resident credit (credit).I...
MT - Annual job growth incentive credit revised
Montana enacted various revisions to the annual job growth incentive tax credit, applicable retroactively to tax years beginning after December 31, 2021. Among other changes, the definitions of "net e...
Montana enacted various revisions to the annual job growth incentive tax credit, applicable retroactively to tax years beginning after December 31, 2021. Among other changes, the definitions of "net e...
NE - Reminder issued on personal property returns
The Nebraska Department of Revenue has reminded taxpayers that owners of depreciable tangible personal property must file the Nebraska Personal Property Return and Schedule before May 1 with the count...
The Nebraska Department of Revenue has reminded taxpayers that owners of depreciable tangible personal property must file the Nebraska Personal Property Return and Schedule before May 1 with the count...
NV - Exemption process changed for National Guard Members' sales tax holiday
Nevada has changed the process for National Guard members and their relatives to claim an exemption during the annual sales tax holiday.The new process requires the eligible person claiming the exempt...
Nevada has changed the process for National Guard members and their relatives to claim an exemption during the annual sales tax holiday.The new process requires the eligible person claiming the exempt...
NH - Taxpayers' claims for proration of taxes dismissed as buildings were not damaged due to covid-19
The New Hampshire Supreme Court determined that the taxpayers’ buildings were not damaged so as to be entitled to proration of property taxes. The taxpayers owned commercial real estate on which the...
The New Hampshire Supreme Court determined that the taxpayers’ buildings were not damaged so as to be entitled to proration of property taxes. The taxpayers owned commercial real estate on which the...
NJ - Cannabis business deductions and credits allowed
New Jersey has decoupled the corporation business tax and gross income tax from the federal provisions that prohibit tax credits and deductions for cannabis businesses. The bill also decouples S corpo...
New Jersey has decoupled the corporation business tax and gross income tax from the federal provisions that prohibit tax credits and deductions for cannabis businesses. The bill also decouples S corpo...
NM - Tax rebates sent mid-June
New Mexico governor Michelle Lujan Grisham announced that the state's personal income tax rebates would go out to taxpayers in mid-June. The rebates will be $500 for single taxpayers and $1,000 to tax...
New Mexico governor Michelle Lujan Grisham announced that the state's personal income tax rebates would go out to taxpayers in mid-June. The rebates will be $500 for single taxpayers and $1,000 to tax...
NY - Cap amount for electronic news services exemption increases
The cap amount for the New York sales and use tax exemption for sales and uses of electronic news services that occur from June 1, 2023, to May 31, 2024, increases to $4,441. News Bulletin, New York D...
The cap amount for the New York sales and use tax exemption for sales and uses of electronic news services that occur from June 1, 2023, to May 31, 2024, increases to $4,441. News Bulletin, New York D...
NC - Filing guidance issued on PTE tax changes
North Carolina issued important guidance on 2022 tax return filing changes resulting from legislation that:expands eligibility for the elective pass-through entity (PTE) income tax to partnerships wit...
North Carolina issued important guidance on 2022 tax return filing changes resulting from legislation that:expands eligibility for the elective pass-through entity (PTE) income tax to partnerships wit...
ND - Credit enacted for automation of manufacturing or animal agricultural process
North Dakota created a nonrefundable credit for purchases of manufacturing and animal agricultural machinery and equipment to automate a manufacturing or animal agricultural process. The credit amount...
North Dakota created a nonrefundable credit for purchases of manufacturing and animal agricultural machinery and equipment to automate a manufacturing or animal agricultural process. The credit amount...
OH - Mandamus relief to put two city levies on primary-election ballot denied
For Ohio property tax purposes, the County Board of Elections (Board) properly determined that the proposed levies were ineligible for consideration at the 2023 primary election ballot because they co...
For Ohio property tax purposes, the County Board of Elections (Board) properly determined that the proposed levies were ineligible for consideration at the 2023 primary election ballot because they co...
OK - Motor fuel discount sunset date extended
The remittance of Oklahoma motor fuel tax to suppliers and bonded importers is based on 98.4% (for gasoline) and 98.1% (for diesel fuel) until July 1, 2029. Thereafter, remittance will be paid on the ...
The remittance of Oklahoma motor fuel tax to suppliers and bonded importers is based on 98.4% (for gasoline) and 98.1% (for diesel fuel) until July 1, 2029. Thereafter, remittance will be paid on the ...
OR - Business owners allowed to adjust basis in property; bad debt deduction denied
For Oregon personal income tax purposes, owners of a family-owned business were entitled to an adjustment to their basis in real property, but they were not eligible for a deduction for bad debt becau...
For Oregon personal income tax purposes, owners of a family-owned business were entitled to an adjustment to their basis in real property, but they were not eligible for a deduction for bad debt becau...
PA - Elective PTE tax bill introduced
A bill to enact an elective pass-through entity (PTE) income tax was introduced in the Pennsylvania house.The elective PTE tax would be available after December 31, 2022. S.B. 659, as introduced in th...
A bill to enact an elective pass-through entity (PTE) income tax was introduced in the Pennsylvania house.The elective PTE tax would be available after December 31, 2022. S.B. 659, as introduced in th...
RI - Property valuation considering solar energy development sustained
For Rhode Island property tax purposes, the tax assessor of the Town of Lincoln properly increased the value of a Limited Liability Corporation's (LLC's), the taxpayer's, property in light of the deve...
For Rhode Island property tax purposes, the tax assessor of the Town of Lincoln properly increased the value of a Limited Liability Corporation's (LLC's), the taxpayer's, property in light of the deve...
SC - IRC conformity updated
South Carolina has updated its Internal Revenue Code conformity date from December 31, 2021, to December 31, 2022.If there are IRC sections adopted by South Carolina that expired on December 31, 2022,...
South Carolina has updated its Internal Revenue Code conformity date from December 31, 2021, to December 31, 2022.If there are IRC sections adopted by South Carolina that expired on December 31, 2022,...
SD - Exemption amount increased for industrial development corporations
The amount of the South Dakota property tax exemption available to a property owned by a local industrial development corporation has been increased. Effective July 1, 2023, the amount is increased to...
The amount of the South Dakota property tax exemption available to a property owned by a local industrial development corporation has been increased. Effective July 1, 2023, the amount is increased to...
TN - Guidance provided regarding the application of additional tax to hemp-derived cannabinoids
Effective July 1, 2023, an additional 6% Tennessee sales and use tax is imposed on the sales price of products that contain a hemp-derived cannabinoid when sold at retail in the state.Application of T...
Effective July 1, 2023, an additional 6% Tennessee sales and use tax is imposed on the sales price of products that contain a hemp-derived cannabinoid when sold at retail in the state.Application of T...
TX - Coastal protection fund fee suspended
The Texas Comptroller of Public Accounts has issued a notice to taxpayers that the Coastal Protection Fee will be suspended effective June 1, 2023. Crude oil transferred through a marine terminal on o...
The Texas Comptroller of Public Accounts has issued a notice to taxpayers that the Coastal Protection Fee will be suspended effective June 1, 2023. Crude oil transferred through a marine terminal on o...
UT - Reminder issued on lowered motor fuel and special fuel tax rates
Utah issued a reminder that the motor fuel (gasoline) and special fuel (diesel) tax rate is lowered to 34.5 cents per gallon, effective July 1, 2023. Tax Bulletin 8-23, Utah State Tax Commission, May ...
Utah issued a reminder that the motor fuel (gasoline) and special fuel (diesel) tax rate is lowered to 34.5 cents per gallon, effective July 1, 2023. Tax Bulletin 8-23, Utah State Tax Commission, May ...
VT - IRC conformity update, credit revisions passed by legislature
The Vermont Legislature has passed a bill that, if enacted, would change the state’s IRC conformity date from December 31, 2021, to December 31, 2022.The bill would also clarify the apportionment pe...
The Vermont Legislature has passed a bill that, if enacted, would change the state’s IRC conformity date from December 31, 2021, to December 31, 2022.The bill would also clarify the apportionment pe...
VA - Fuel tax rates announced for period beginning July 1, 2023
Virginia announced that the fuel tax rates for the period July 1, 2023, through June 30, 2024, are as follows:gasoline—29.8 cents per gallon;diesel fuel—30.8 cents per gallon;blended fuels (gasoli...
Virginia announced that the fuel tax rates for the period July 1, 2023, through June 30, 2024, are as follows:gasoline—29.8 cents per gallon;diesel fuel—30.8 cents per gallon;blended fuels (gasoli...
WA - Working families tax credit eligibility expanded
Washington's working families tax credit against the sales tax is made available to individuals filing their federal income taxes under the married filing separately status. Furthermore, individuals m...
Washington's working families tax credit against the sales tax is made available to individuals filing their federal income taxes under the married filing separately status. Furthermore, individuals m...
WV - Taxability of income derived from military services discussed
West Virginia updated a personal income tax publication on the taxability of income from military service. The taxability of the income of a military servicemember in West Virginia is dependent upon a...
West Virginia updated a personal income tax publication on the taxability of income from military service. The taxability of the income of a military servicemember in West Virginia is dependent upon a...
WI - Taxpayer’s appeal properly dismissed for failure to present evidence
For Wisconsin property tax purposes, the circuit court properly dismissed the taxpayer’s claims because it had failed to comply with its obligation to present evidence or sworn testimony at a hearin...
For Wisconsin property tax purposes, the circuit court properly dismissed the taxpayer’s claims because it had failed to comply with its obligation to present evidence or sworn testimony at a hearin...
WY - Town’s property not entitled to exemption as governmental property
For Wyoming property tax purposes, the County Board of Equalization’s (County Board’s) decision was partly reversed because the assessor failed to demonstrate that either lessee used the town’s ...
For Wyoming property tax purposes, the County Board of Equalization’s (County Board’s) decision was partly reversed because the assessor failed to demonstrate that either lessee used the town’s ...
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