Multistate Survey: Income Tax Immunity Erodes as States Follow MTC Statement on P.L. 86-272
Tom Cornett and Rebecca Newton-Clarke Sixty-five years ago, Congress enacted Public Law 86-272 to prevent states from imposing net income taxes on …
Work Authorization for Undocumented Immigrants Would Improve Tax Collections, Analysts Say
Undocumented immigrant workers who do not possess a Social Security number but still pay taxes on their income or property …
Consumer Demand for EVs Exists Regardless of Tax Credits, Senators Hear
Lawmakers considered what is driving American consumers toward electric vehicles and whether EV tax credits are necessary at a July …
Tax Bill Fails to Pass Senate Hurdle
The broad tax bill that passed the House in January with overwhelming support finally reached the Senate floor on Thursday, …
IASB Examples Would Offer Glimpse into Companies’ Climate Change Management Strategies
The International Accounting Standards Board (IASB) on July 31, 2024, released eight illustrative examples, including one that would encourage companies …
USCIS Plans Second Random Selection for FY 2025’s H-1B Regular Cap
The U.S. Citizenship and Immigration Services (USCIS) is preparing to conduct a second random selection process for the fiscal year 2025 H-1B …
IRS Direct File Adds Three New States for 2025 Tax Season
Since mid-June, the Treasury Department announced three states that did not participate in the IRS Direct File pilot this past …
Texas Courts Place Nationwide Hold on DOL Investment Advice Fiduciary Rule
FACC v. DOL, 2024 WL 3554879 (E.D. Tex. 2024); American Council of Life Insurers v. DOL, 2024 WL 3572297 (N.D. …
SEC Plans to Adopt 16 Rules in Coming Months
The Securities and Exchange Commission (SEC) is planning to adopt 16 rules in the coming months, according to the so-called …
Broad Tax Bill Queued Up for Senate Consideration
The bipartisan $78 billion tax package that advanced out of the House early this year is slated to be considered on the …