Maine ~ Corporate, Personal Income Taxes: IRC Conformity Date Revised
CCH Tax Day Report Legislation has been enacted without the governor’s signature that updates Maine’s corporate income and personal income tax federal Internal Revenue Code (IRC) conformity date to...
View ArticleTennessee ~ Sales and Use Tax: Local Option Transit Surcharge Authorized and...
CCH Tax Day Report Legislation is enacted that authorizes a Tennessee local option transit surcharge and decreases the state sales and use tax rate on food sold at retail. Local Option Transit...
View ArticleWeekly Report from Washington, D.C.
CCH Tax Day Report President Trump announced a tax reform plan. Lawmakers heard testimony about the filing season and the IRS posted updated filing season statistics. White House Senior administration...
View ArticleCalifornia ~ Corporate, Personal Income Taxes: FTB to Follow Federal...
CCH Tax Day Report The California Franchise Tax Board (FTB) announced that it is withdrawing FTB Notice 96-3, which declared that the FTB would not follow the federal procedures for a change of...
View ArticleIllinois ~ Sales and Use Tax: OTCs Not Liable for Chicago Hotel...
CCH Tax Day Report An Illinois appellate court held that online travel companies (OTCs) were not liable for Chicago’s hotel accommodations tax on the fees the OTCs charged customers who reserved hotel...
View ArticleIndiana ~ Sales and Use Tax: Cloud-Based Messaging Service Subject to Sales...
CCH Tax Day Report Sales of cloud-based texting software services are subject to Indiana sales and use tax because the services are a telecommunications service. Telecommunications services are taxable...
View ArticleTennessee ~ Multiple Taxes: Phase-Out of Hall Income Rates Enacted;...
CCH Tax Day Report Legislation has been enacted that reduces the 5% personal income tax (Hall income) rate by 1% each year beginning with tax year 2017 until the tax is eliminated in January 1, 2021....
View ArticleWashington ~ Sales and Use, Business and Occupation Taxes: Tax Incentive...
CCH Tax Day Report Beginning in calendar year 2018, the separate requirements for annual reports and annual surveys for certain Washington excise tax preferences have been consolidated into one “tax...
View ArticleWolters Kluwer Tax & Accounting Introduces CCH® AnswerConnect
Intuitive, Practical Tax Research Platform Allows Users to Search Less and Do More (NEW YORK, NY, May 1, 2017) — Wolters Kluwer Tax & Accounting today announced the launch of CCH AnswerConnect, an...
View ArticleNew ACA Repeal Plan on Its Way, Trump Says
CCH Tax Day Report President Trump and his administration are voicing optimism over a potential House vote during the week of May 1 on a revised health care bill that would repeal and replace the...
View ArticleTax Court Had Jurisdiction over Penalty for Failure to Report Partnership...
CCH Tax Day Report The Tax Court had jurisdiction to review a negligence penalty imposed on a couple for their failure to report partnership items. The taxpayers argued that the court lacked...
View ArticleCalifornia ~ Motor Fuel Tax: Transportation Budget Bill Increases Tax Rates,...
CCH Tax Day Report As part of a measure to raise $52.4 billion in new transportation revenues over 10 years, California excise taxes on gasoline (exclusive of aviation gasoline) and diesel fuel are...
View ArticleIndiana ~ Multiple Taxes: Sales and Use and Income Exemptions...
CCH Tax Day Report Indiana has enacted legislation creating sales and use tax exemptions, extending certain sporting event exemptions, amending the calculation of the personal and corporate income...
View ArticleIndiana ~ Multiple Taxes: Certain Remote Merchants Required to Collect Sales...
CCH Tax Day Report Indiana has enacted legislation requiring retail merchants without a physical presence to collect sales tax on retail transactions made in Indiana and making changes to the local...
View ArticleWashington ~ Sales and Use, Business and Occupation Taxes: Taxpayer With...
CCH Tax Day Report A taxpayer that sold non-prescription dietary supplements through an internet website was not eligible for a refund of Washington retail sales tax and retailing business and...
View ArticleWisconsin ~ Corporate, Personal Income Taxes: Composite Return E-Filing,...
CCH Tax Day Report The Wisconsin Department of Revenue has issued a tax bulletin that discusses a variety of personal income and corporation franchise and income tax topics, including the electronic...
View ArticleTax-Writing Chairmen Seek Unified Tax Reform Plan
CCH Tax Day Report House Ways and Means Committee Republicans have concluded a two-day tax policy retreat that focused, in particular, on American business competitiveness and middle-class tax cuts....
View ArticleIRS Funding Maintained in 2017 Budget Bill
CCH Tax Day Report Congress and the White House have reached agreement on the Consolidated Appropriations Bill, 2017, which would provide federal government funding through September, including funding...
View ArticleArizona ~ Property Tax: Accelerated Depreciation Schedule for Broadband...
CCH Tax Day Report Enacted Arizona property tax legislation provides a valuation depreciation schedule for qualifying broadband infrastructure, on a straight-line basis, as follows: – for cables, a...
View ArticleNebraska ~ Corporate, Personal Income Taxes: Various Credit Programs Amended
CCH Tax Day Report Nebraska Gov. Pete Ricketts has signed legislation making a number of amendments to Nebraska corporate and personal income tax credits, including the affordable housing credit, the...
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