Louisiana Issues Guidance on Use Tax on Vehicles Registered by New Residents The Louisiana Department of Revenue has issued guidance on the calculation of use tax on vehicles registered by new residents. …
Missouri Announces 2024 Corporate Income Tax Year Changes The Missouri Department of Revenue has announced corporate income tax year changes, effective for the tax year beginning January 1, …
Louisiana Constitutional Referendum Would Amend Numerous Tax Provisions Legislation establishing a constitutional referendum, pending voter approval at a statewide election to be held March 29, 2025, has become …
Connecticut Issues Guidance on Conveyance Tax Credit The Connecticut Department of Revenue Services has provided guidance stipulating that, due to changes made in the 2022 legislative session, …
Missouri Amends Historic Tax Preservation Tax Credit; Property Tax Provisions Missouri Governor Michael L. Parson has signed legislation amending the historic tax preservation tax credit and naming it the Missouri …
Connecticut Extends NOL Carryforwards, Amends Other State and Local Taxes Connecticut Governor Ned Lamont has signed legislation extending to 30 years the net operating loss (NOL) carryforward deduction and modifying …
OBBB Enhancements to Qualified Small Business Stock Rules The One Big Beautiful Bill Act (OBBB) enhanced the federal tax exclusion for certain gain from qualified small business stock …
Republicans Say AI Could Strengthen Tax Fraud Detection A group of Republicans on the House’s taxwriting committee are pushing for an examination of how artificial intelligence can be …
Dems Press Treasury on Retroactive R&E Expensing ‘Loophole’ Nine congressional Democrats urged Treasury leaders not to establish a Corporate Alternative Minimum Tax carveout for companies that accelerate their …