Ohio Sets Interest Rates for 2023
by Raquel M. Mazarin Each year, the Ohio Tax Commissioner must certify the interest rate that will apply to overdue …
New Jersey Adopts Combined Return Regulations
by David Engel Effective September 19, 2022, the New Jersey Division of Taxation has adopted new regulations in connection with …
Oklahoma Adopts and Amends Regulations Affecting Various Tax Types
by Rebecca Helmes The Oklahoma Tax Commission (OTC) published various new and amended regulations, effective September 11, 2022, that implement …
Idaho Lowers Income Tax Rates, Creates Rebate
by Jennifer J. Troyer, Esq. On September 1, 2022, Idaho Governor Brad Little signed legislation lowering the corporate and personal …
The Federal Inflation Reduction Act (P.L. 117-169) and State Taxes
President Biden signed the Inflation Reduction Act of 2022 (P.L. 117-169) into law on August 16, 2022. The legislation includes …
Michigan Issues Guidance on New Law on Reporting Adjustments From Partnership Level Audits
by Peter G. Pupke, Esq. The Michigan Department of Treasury has issued a Notice providing additional guidance regarding recent legislation …
Missouri Governor Calls for Special Session to Cut Income Taxes and Extend Agriculture Tax Credits
Missouri Governor Michael L. Parson has officially called for a special session to cut income taxes and extend agriculture tax …
Arkansas Governor Signs Legislation Reducing Income Taxes, Adopting Federal Law on Depreciation and Expensing of Property, and Creating an Inflationary Relief Income Tax Credit
by Patricia M. McDermott, Esq. Arkansas Governor Asa Hutchinson has signed legislation that cuts the top individual income and corporate …
Indiana Governor Signs Additional Automatic Taxpayer Refund Bill
by Chad E. Voss On August 5, 2022, Indiana Governor Eric J. Holcomb signed a bill providing for an additional …
Unborn Child Eligible for Georgia Dependent Child Exemption Effective July 20, 2022
by Vidor A. Nosce, Esq. The Georgia Department of Revenue has issued a statement that in view of recent U.S. …