District of Columbia Enacts 2025 Budget Support Legislation
By Denis Del Bene The District of Columbia has enacted emergency budget support legislation for Fiscal Year 2025. Among numerous …
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 …
South Carolina Passes 2024-2025 Budget
By Maria T. Albanese South Carolina’s 2024-2025 budget bill was ratified by the legislature on June 26, 2024, but on …
Kansas Governor Signs Omnibus Tax Legislation Revising Individual Income Tax Rates
By Ashleigh M. Paige On June 20, 2024, Kansas Governor Laura Kelly signed omnibus tax legislation which modifies income tax …
Status Quo for States as U.S. Supreme Court Upholds Federal Mandatory Repatriation Tax
The U.S. Supreme Court yesterday, in a 7-2 decision in Moore v. U.S., upheld the one-time federal transition tax on accumulated earnings …
Thorny State Digital Tax Issues Dominate Villanova Tax Forum
The Villanova University Graduate Tax Program hosted its second annual State and Local Tax Forum on Thursday, June 6, 2024. …
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 …
Maryland Provides Guidance on Home Amenity Rental Sales and Use Tax
By Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on the home amenity rental sales and use tax …
Colorado Includes Temporary Income Tax and Sales/Use Tax Rate Reductions in Revised TABOR Refund Mechanisms
By Margaret Eisler On May 14, 2024, Colorado Governor Jared Polis approved legislation that revises Taxpayer’s Bill of Rights (TABOR) refund mechanisms, …
Florida Governor Signs Omnibus Tax Bill
By Carlton Huntley On May 7, 2024, Florida Governor Ron DeSantis signed an omnibus tax bill that: adopts the current …