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 …
Connecticut Extends Filing and Payment Deadlines of Certain Returns The Connecticut Department of Revenue Services (DRS) has announced that it is extending the tax filing and payment deadlines of …
Louisiana Issues Guidance on the Electric and Hybrid Vehicle Road Usage Fee The Louisiana Department of Revenue has issued a bulletin notifying taxpayers of the road usage fee to be applied to …
Connecticut Governor Announces 2024 Income Tax Changes Connecticut Governor Ned Lamont has announced that three income tax measures will take effect at the start of 2024, including …
Louisiana Income Tax Return Filing Deadlines Extended Due to Seawater Intrusion The Louisiana Department of Revenue is granting automatic filing extensions to taxpayers whose primary residences, principal places of business, critical …
Arkansas Waterways Investment Income Tax Credit Created Arkansas Governor Sarah Huckabee Sanders has signed legislation providing a credit against income tax for the cost of making capital …
DOL Revises Abandoned Plan Program, Extends Program Eligibility to Chapter 7 Bankruptcy Trustees Interim Final Rule: Abandoned Plan Regulations, 29 CFR Parts 2520, 2550, and 2578, 89 Fed. Reg. 43636 (May 17, 2024); …
Newly Issued FASB Rules Require Fuller Disclosure of Taxes Paid in US, Other Countries The nation’s main accounting rulemaker on December 14, 2023, published new disclosure rules that require more transparency about income taxes …
District Court Finds Covid Proxy Voting Rule Unconstitutional A Texas federal district court has found that the Covid-era proxy voting rule is an unconstitutional violation of the Constitution’s …