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 …
Michigan Updates Guidance on Taxability of Delivery and Installation Charges
by Peter G. Pupke The Michigan Department of Treasury has issued updated guidance on the taxability of delivery and installation …
Detroit, Michigan Withholding Tax to Be Paid Monthly in 2024
by Peter G. Pupke The Michigan Department of Treasury has announced that effective January 1, 2024, employers will be required to …
Hawaii Provides Additional Information on Tax Relief Due to Devastating Wildfires
by Krista A. Cohane As reported in State Tax Update, 08/15/2023, the Hawaii Department of Taxation issued information on available taxpayer …
New York Updates and Adds New Information on the Pass-Through Entity Tax.
by Jill C. McNally The Pass-through Entity Tax (PTET) is an elective tax imposed on an electing entity’s pass-through taxable …
Michigan Revises Sales and Use Administrative Rules
by Peter G. Pupke The Michigan Department of Treasury has adopted a general revision of its sales and use administrative …