Michigan Updates Guidance on Tax Treatment of Retirement Income
By Peter G. Pupke The Michigan Department of Treasury issued a release that discusses the tax treatment of retirement and …
Maine 2024 Individual Income Tax Rate Schedules, Personal Exemption, Standard Deduction Released
By Jennifer J. Troyer Maine Revenue Services released the individual income tax rate schedules and personal exemption and standard deduction …
Colorado, Ohio, Texas Voters Decide Tax-Related Ballot Questions
Taxpayers in Colorado, Ohio and Texas voted on tax-related ballot questions on November 7, 2023. The unofficial results, as of …
Texas No Tax Due Report Discontinued Beginning With 2024 Report Year
by Margaret Eisler The Texas Comptroller of Public Accounts has provided notice of the discontinuation of the No Tax Due Report …
Illinois Issues Updated Guidance for Remote Retailers and Marketplace Facilitators
by Krista A. Cohane The Illinois Department of Revenue has issued an informational bulletin to remote retailers and marketplace facilitators …
Colorado Provides Guidance on CHIPS Refundable Tax Credit Program and CHIPS Zone Program
by Tyna Mikulec The Colorado Office of Economic Development & International Trade has released guidance on income tax incentives that …
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 …
North Carolina Budget Bill Lowers the Personal Income Tax Rate and Enacts New Excise Tax on Uber and Lyft Among Other Changes
by Rita L. Eng On September 22, 2023, North Carolina Governor Roy Cooper announced that he will allow the budget, …
City of Portland, Oregon Enacts Downtown Business Incentive Credit
by Margaret Eisler The City of Portland, Oregon has adopted a downtown business incentive credit, to be taken against the …
Virginia Enacts Amended Budget That Increases IRC Sec. 163(j) Deduction, Increases Standard Deduction, Gives New Rebate, and Reinstates Sales Tax Holiday
by Rebecca A. Helmes Virginia Governor Glenn Youngkin signed legislation on September 14, 2023, amending Virginia’s budget for the 2022-2024 …