Colorado ~ Motor Fuel Tax: LPG, LNG, and CNG Tax Rate Increases Announced
The Colorado Department of Revenue has announced that, effective January 1, 2017, the excise tax rate for taxable LPG (propane) fuel is increased from 7¢ per gallon to 9¢ per gallon, compressed natural...
View ArticleDelaware ~ Corporate Income Tax: New Return Due Dates for Partnerships and...
The Delaware Division of Revenue announced on its website (http://revenue.delaware.gov/information/updates.shtml) that legislation will be enacted in 2017 to adopt the new federal filing deadlines for...
View ArticleKansas ~ Personal Income Tax: Mailing of Corrected 1099G Forms Announced
The Kansas Department of Revenue has announced that it will reissue all the 1099G forms sent out for tax year 2016 because some personal income taxpayers received forms listing incorrect refund...
View ArticleMichigan ~ Corporate Income Tax: Michigan Supreme Court Denies Appeal of MBT...
The Michigan Supreme Court has issued an order denying the Department of Treasury’s appeal of the Michigan Court of Appeals decision in LaBelle Management, Inc. v. Department of Treasury, Michigan...
View ArticleNorth Carolina ~ Corporate Income Tax: Market-Based Sourcing Rules Adopted,...
The North Carolina Department of Revenue has announced that it has adopted rules that would require corporate income taxpayers to use market-based sourcing rules for apportioning income to North...
View ArticleRepublicans Highlight Tax Reform, ACA at Retreat; Democrats Discuss ACA and...
CCH Tax Day Report Tax reform and the Affordable Care Act (ACA) the focus of House and Senate Republicans at a bicameral policy retreat in Philadelphia, a House Ways and Means Committee spokesperson...
View ArticleMassachusetts ~ Multiple Taxes: Governor Proposes Tax Credit for Employment...
CCH Tax Day Report In his State of the Commonwealth address, Massachusetts Gov. Charlie Baker proposed a $4,000 tax credit for businesses hiring and retaining an unemployed veteran. The governor also...
View ArticleMissouri ~ Multiple Taxes: Government Orders Committee to Study Tax Rates and...
CCH Tax Day Report Governor Eric Greitens has issued an executive order establishing the Governor’s Committee for Simple, Fair, and Low Taxes, whose goals will be to: – compare Missouri’s tax credit...
View ArticleSouth Dakota ~ Corporate Income, Franchise Taxes: IRC Conformity Bill Passes...
CCH Tax Day Report The South Dakota Senate has passed a bill that would, if enacted, update South Dakota’s bank franchise (income) tax federal Internal Revenue Code (IRC) conformity date to January 1,...
View ArticleWeekly Report from Washington, D.C.
CCH Tax Day Report Congress continued to focus on tax reform and repeal and replacement initiatives for the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) during the week of January...
View ArticleCalifornia ~ Corporate, Personal Income Taxes: EDD Extends Deadlines for...
CCH Tax Day Report The California Employment Development Department (EDD) is extending deadlines for employers in Del Norte, Humboldt, Mendocino, Shasta, Santa Cruz, and Trinity Counties who were...
View ArticleFlorida ~ Corporate Income Tax: Apportionment Formula For Transportation...
CCH Tax Day Report The Florida Department of Revenue (DOR) has issued a corporate income tax technical assistance advisement (TAA) regarding the apportionment formula for transportation companies. The...
View ArticleHawaii ~ Sales and Use Tax: Simplified Seller Use Tax Remittance Act Introduced
CCH Tax Day Report Legislation introduced in the Hawaii House of Representatives, the Simplified Seller Use Tax Remittance Act, would establish a simplified sellers use tax remittance program designed...
View ArticleAmounts Paid for In Vitro and Surrogacy Not Deductible Medical Expenses...
CCH Tax Day Report A homosexual male was not entitled to a deduction for in vitro fertilization (IVF) expenses because the expenses were incurred for the medical care, identification, retention,...
View ArticleCalifornia ~ Personal Income Tax: CPA’s Records Used to Establish Basis of...
CCH Tax Day Report The California Board of Equalization (BOE) established the personal income tax adjusted basis of real property sold by taxpayers based on information provided by the taxpayers’...
View ArticleMississippi ~ Motor Fuel Tax: Environmental Protection Fee Suspended
CCH Tax Day Report The Mississippi Department of Revenue has issued a motor fuels tax notice advising that the environmental protection fee is suspended effective March 1, 2017. The fee of 0.4 cents...
View ArticleNew York ~ Corporate Income Tax: FAQs Updated to Discuss Capital Losses and...
CCH Tax Day Report The New York Department of Taxation and Finance has updated its corporate tax reform Frequently Asked Questions (FAQs) to address whether a taxpayer can carry back a net capital loss...
View ArticleOhio ~ Multiple Taxes: Proposed Budget Would Reduce Income Tax Rates, Make...
CCH Tax Day Report In his proposed 2018-2019 budget, Ohio Gov. John Kasich calls for decreases in personal income tax rates and the number of tax brackets; increases in the sales tax, cigarette tax,...
View ArticleTennessee ~ Sales and Use Tax: Guidance Provided on Out-of-State Dealer...
CCH Tax Day Report As previously reported (TAXDAY 2016/10/12, S.24), and effective January 1, 2017, the Tennessee Department of Revenue adopted a new sales and use tax rule regarding registration and...
View ArticleTrump Issues Executive Order to Reduce Output of Regulations
CCH Tax Day Report President Trump on January 30 issued an executive order, Reducing Regulations and Controlling Regulatory Costs. This order essentially requires a two-for-one swap: “…for every one...
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