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. …
Michigan Streamlines Partnership Reporting and Payment Process and Partnership-Level Audits
by Peter G. Pupke, Esq. On July 19, 2022, Michigan Governor Gretchen Whitmer signed legislation that enacts a new Chapter …
Senate Democrats Introduce Bill to Decriminalize, Tax Cannabis
Three Senate Democrats introduced a bill to decriminalize, regulate, and tax cannabis at the federal level, removing it from a …
House Passes $13.6 Bln IRS Budget; Senate Action Awaits
The House of Representatives on July 20 approved a fiscal year 2023 budget for the IRS and the Treasury Department …
Rhode Island Extends and Modifies Tax Credits
by Tyna Mikulec, Esq. On June 27, 2022, Rhode Island Governor Dan McKee signed legislation that modified provisions for the …
Manchin, Schumer Negotiating Scaled-Back Reconciliation Bill
Senate Majority Leader Charles Schumer (D-NY) is negotiating a scaled-back reconciliation package totaling about $1 trillion in hopes of bringing …