Tax & Accounting Blog

Michigan Exempts Taxes on New Construction on Development Property

Michigan Exempts Taxes on New Construction on Development Property

The State Tax Commission released a bulletin explaining Public Act 494 of 2012, which exempts new construction on development property from school operating taxes levied after November 1, 2012 for three years or until the construction is not located on development property.  For more information, such as exemption filing information, read the bulletin here: Read More

Kentucky’s New System Will Assign a Single ID Number for all State Agency Filings

Kentucky’s New System Will Assign a Single ID Number for all State Agency Filings

Under new legislation passed by the Kentucky Legislature and signed by Governor Steve Beshear on March 21, state government will implement a new business identification system in which a business will be assigned a single identifying number. HB 343 created a new section of Chapter 14, Kentucky Revised Statutes, to require the Kentucky One-Stop … Read More