Thomson Reuters Tax & Accounting News | State and Local Tax

By Krista A. Cohane On August 5, 2024, Illinois Governor J.B. Pritzker signed legislation repealing the state grocery tax and …

The Connecticut Department of Revenue Services has provided guidance stipulating that, due to changes made in the 2022 legislative session, …

Tom Cornett and Rebecca Newton-Clarke Sixty-five years ago, Congress enacted Public Law 86-272 to prevent states from imposing net income taxes on …

by Niki Ford  As previously reported in Checkpoint State Tax Update,1 California Governor Gavin Newsom on June 27, 2024, signed into …

By David Engel On July 25, 2024, Governor Phil Murphy signed legislation that will provide tax credits to eligible artificial …

By Denis Del Bene The District of Columbia has enacted emergency budget support legislation for Fiscal Year 2025. Among numerous …

Missouri Governor Michael L. Parson has signed legislation amending the historic tax preservation tax credit and naming it the Missouri …

By Maria T. Albanese South Carolina’s 2024-2025 budget bill was ratified by the legislature on June 26, 2024, but on …

By Ashleigh M. Paige On June 20, 2024, Kansas Governor Laura Kelly signed omnibus tax legislation which modifies income 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 …