The Tax Legislation Equation
Republicans have a “math problem,” a KPMG policy expert concluded, because extending tax cuts, the potential revenue raisers, and the …
Massachusetts Issues Guidance on Law Changes in the FY 2025 Budget Act
By Vidor A. Nosce The Massachusetts Department of Revenue has issued guidance on recent law changes included in the FY …
Illinois Announces Municipal and County Cannabis Retailers’ Occupation Tax Rate Changes Effective January 1, 2025
By Margaret Eisler The Illinois Department of Revenue has announced the counties and municipalities that are imposing a cannabis retailers’ …
Pennsylvania Enacts Changes to Tax Appeals Process, Clarifies Medical Cannabis Business Deduction
By Rita L. Eng On October 29, 2024, Pennsylvania Governor Josh Shapiro signed legislation to provide corporate net income tax …
North Carolina Expands Hurricane Helene Interest Relief for Tax Preparers or Tax Records
By Rita L. Eng On October 25, 2024, North Carolina Governor Roy Cooper signed the Disaster Recovery Act of 2024—Part …
District of Columbia 2025 Budget Support Legislation Becomes Law
By Denis Del Bene The “Fiscal Year 2025 Budget Support Act of 2024,” which was sent to Congress for review, …
Pennsylvania Imposes Electric Vehicle Road User Charge, Eliminates Alternative Fuels Tax on Electricity for Residential Charging
By Rita L. Eng Pennsylvania has enacted legislation to impose an annual electric vehicle road user charge (EV Fee) on …
New Jersey Enhances Historic Property Reinvestment and Brownfield Redevelopment Credits
By David Engel On September 4, 2024, New Jersey Governor Phil Murphy signed legislation that liberalizes some requirements and increases …
Michigan Explains Tax Treatment of Non-Fungible Tokens
By Peter G. Pupke The Michigan Department of Treasury has issued information regarding the state’s sales and use tax treatment …
Hawaii Issues Revised PTET Guidance
By Krista A. Cohane The Hawaii Department of Taxation has issued a revised Tax Information Release providing guidance on changes …