Tax & Accounting Blog

Case Ruling in Favor of Exemption of Charitable Organizations in Montana

Case Ruling in Favor of Exemption of Charitable Organizations in Montana

Family Promise of Great Helena v. Dept. of Rev., Dkt. No. SPT-2012-8, 05/23/2013. A ruling by the Montana State Tax Appeal Board provides that a charitable organization was entitled to a property tax exemption in 2012 even though it did not file a timely exemption application. The organization was granted an exemption from the Department … Read More

Economic Downturn Reduced Value of Commercial Property in Nebraska

Economic Downturn Reduced Value of Commercial Property in Nebraska

The Nebraska Tax Equalization and Review Commission has ruled that several commercial rental properties were overvalued as of January 1, 2009 because the Douglas County Assessor failed to consider the impact of the economic crisis that occurred during 2008 on the valuation of the subject properties.   The Douglas County Appraiser’s testimony and the Douglas … Read More

Indiana Announces New Publication

Indiana Announces New Publication

The Indiana Department of Revenue announced a new publication, BizTax. It is designed to help business taxpayers understand Indiana tax laws, the tax-filing process, and Department services Each issue will provide businesses with information about business taxes, special taxes, legislative changes, tax deadlines, and tips for communicating with the Department The inaugural issue addresses the … Read More

Indiana Township and Municipal Matters

Indiana Township and Municipal Matters

If a township assistance property tax levy in Indiana¬†is more than the statewide average township assistance property tax levy, then the Department of Local Government Finance must: Remove the township assistance property tax levy from the maximum property tax levy for the township’s general fund Require the township to separate its township assistance property tax … Read More