Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
IRS Announces Availability of Work Opportunity Tax Credit Through 2025
The IRS has announced that the Work Opportunity Tax Credit (WOTC) will continue to be available to employers through the end of 2025. This federal incentive is designed to encourage businesses to hire...
The IRS has announced that the Work Opportunity Tax Credit (WOTC) will continue to be available to employers through the end of 2025. This federal incentive is designed to encourage businesses to hire...
IRS Alerts Individuals to Fraudulent Tax Schemes on Social Media, (IR-2025-90)
he IRS has cautioned individuals about a rise in fraudulent tax schemes on social media that misuse credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. The scams typically appear...
he IRS has cautioned individuals about a rise in fraudulent tax schemes on social media that misuse credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. The scams typically appear...
IRS Urges Emergency Preparedness Ahead of Peak Disaster Season (IR-2025-89)
The IRS has urged individuals and businesses to review emergency preparedness plans as hurricane season peaks and wildfire risks remain high. Essential documents such as tax returns, Social Security c...
The IRS has urged individuals and businesses to review emergency preparedness plans as hurricane season peaks and wildfire risks remain high. Essential documents such as tax returns, Social Security c...
IRS Warns of Scams When Donating After Disasters
The IRS has reminded taxpayers that while donating to disaster relief is a compassionate and impactful way to help, it is equally important to remain cautious. In the aftermath of disasters, scam acti...
The IRS has reminded taxpayers that while donating to disaster relief is a compassionate and impactful way to help, it is equally important to remain cautious. In the aftermath of disasters, scam acti...
IRS Highlights Retirement Benefits of IRAs
The IRS has reminded taxpayers that Individual Retirement Accounts (IRAs) continue to provide important benefits for those planning their financial future. A traditional IRA allows earnings to grow ta...
The IRS has reminded taxpayers that Individual Retirement Accounts (IRAs) continue to provide important benefits for those planning their financial future. A traditional IRA allows earnings to grow ta...
AL - Elmore County sales & use and rental tax rate increased
Elmore County has levied a new general enhancement tax rate for sales and rentals made in the county effective September 1, 2025. The rate varies in various parts of the county to ensure that the mini...
Elmore County has levied a new general enhancement tax rate for sales and rentals made in the county effective September 1, 2025. The rate varies in various parts of the county to ensure that the mini...
AK - Integrated transmission systems legislation enacted
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
AZ - Rules clarified for elective entity-level taxation for partnerships and S corporations
Arizona’s update to its guidance on elective entity-level taxation for partnerships and S corporations introduces greater flexibility and clarifies key procedures. Entities can now make or revoke th...
Arizona’s update to its guidance on elective entity-level taxation for partnerships and S corporations introduces greater flexibility and clarifies key procedures. Entities can now make or revoke th...
AR - Optional standard mileage rates announced
The Arkansas Department of Finance and Administration has announced the 2025 optional standard mileage reimbursement rates for state income tax purposes. For business use, the reimbursement rate is 70...
The Arkansas Department of Finance and Administration has announced the 2025 optional standard mileage reimbursement rates for state income tax purposes. For business use, the reimbursement rate is 70...
CA - Extensions available for Calaveras and Tuolumne County employers affected by fires
Employers in Calaveras and Tuolumne Counties directly affected by the September 2025 TCU Lightning Complex Fires may request up to a two-month extension of time from the California Employment Developm...
Employers in Calaveras and Tuolumne Counties directly affected by the September 2025 TCU Lightning Complex Fires may request up to a two-month extension of time from the California Employment Developm...
CO - Innovative motor vehicle and truck tax credits rule amended
Colorado has amended its innovative motor vehicle and truck tax credits rule to update guidance regarding the quarterly electronic report that must be submitted to the Department of Revenue; make clea...
Colorado has amended its innovative motor vehicle and truck tax credits rule to update guidance regarding the quarterly electronic report that must be submitted to the Department of Revenue; make clea...
CT - The generation of electricity was not manufacturing for purposes of exemption
The generation of electricity is not manufacturing within the meaning of the statutory property tax exemption for machinery and equipment used in manufacturing. The term "machinery and equipment" is...
The generation of electricity is not manufacturing within the meaning of the statutory property tax exemption for machinery and equipment used in manufacturing. The term "machinery and equipment" is...
DE - Refunds required for overpayments of $50 or more
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
DC - Tiered rates established for vacant and blighted properties, credit enacted
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...
FL - Tax applies to parking, docking, tie-down, and storage spaces
Florida sales and use tax, including any applicable discretionary sales surtax, continues to apply to rentals or leases of:parking or storage spaces for motor vehicles in parking lots or garages, incl...
Florida sales and use tax, including any applicable discretionary sales surtax, continues to apply to rentals or leases of:parking or storage spaces for motor vehicles in parking lots or garages, incl...
GA - Tax assessors permitted to use income approach with limitations for section 42 properties
The Supreme Court of Georgia reversed the Court of Appeals' decision regarding property tax assessments for affordable housing properties qualifying for Section 42 tax credits, holding that tax assess...
The Supreme Court of Georgia reversed the Court of Appeals' decision regarding property tax assessments for affordable housing properties qualifying for Section 42 tax credits, holding that tax assess...
HI - Appeal dismissed due to nonpayment of assessed tax plus interest
The Intermediate Court of Appeals of Hawaii dismissed a taxpayer’s appeal of a general excise tax assessment because the taxpayer did not comply with the statutory requirement to pay the assessed ta...
The Intermediate Court of Appeals of Hawaii dismissed a taxpayer’s appeal of a general excise tax assessment because the taxpayer did not comply with the statutory requirement to pay the assessed ta...
ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
IL - Financial organization regulations amended
Illinois amended income tax regulations that apply to banks and other financial organizations to:reflect a change in the apportionment rules for sourcing receipts from investment and trading activit...
Illinois amended income tax regulations that apply to banks and other financial organizations to:reflect a change in the apportionment rules for sourcing receipts from investment and trading activit...
IN - Updated guidance issued on computing withholding for State and County income tax
Updated guidance is issued to assist withholding agents in determining the correct amount of Indiana county income tax to withhold from an employee's wages by providing the tax rate for each county. ...
Updated guidance is issued to assist withholding agents in determining the correct amount of Indiana county income tax to withhold from an employee's wages by providing the tax rate for each county. ...
IA - New guidance issued for income tax withholding on sports wagering winnings
The Iowa Department of Revenue has issued new guidance regarding income tax withholding on sports wagering winnings. The Iowa Code provides regulation on gambling games and sports wagering, defined as...
The Iowa Department of Revenue has issued new guidance regarding income tax withholding on sports wagering winnings. The Iowa Code provides regulation on gambling games and sports wagering, defined as...
KS - Local transient guest tax rate changes announced
Kansas announced local transient guest tax rate changes for the third quarter of 2025. Effective October 1, 2025, the transient guest tax rate is:8% for the cities of Bonner Springs and Edwardsville;2...
Kansas announced local transient guest tax rate changes for the third quarter of 2025. Effective October 1, 2025, the transient guest tax rate is:8% for the cities of Bonner Springs and Edwardsville;2...
KY - Standard deduction for 2026 tax year announced
Kentucky announced the personal income tax standard deduction for the 2026 tax year. The deduction is increasing by $90 from $3,270 for the 2025 tax year to $3,360. Press Release, Kentucky Department...
Kentucky announced the personal income tax standard deduction for the 2026 tax year. The deduction is increasing by $90 from $3,270 for the 2025 tax year to $3,360. Press Release, Kentucky Department...
LA - Guidance issued for boats registered in Louisiana
Louisiana has issued guidance explaining the partial exemption from state and local sales and use tax for boats registered in the state that was enacted during the 2025 Regular Legislative Session. R...
Louisiana has issued guidance explaining the partial exemption from state and local sales and use tax for boats registered in the state that was enacted during the 2025 Regular Legislative Session. R...
ME - Interest rates decrease
The interest rate on underpayments and refunds of Maine taxes decreases to 9% for 2026. Maine Revenue Services, Maine Department of Revenue, September 17, 2025...
The interest rate on underpayments and refunds of Maine taxes decreases to 9% for 2026. Maine Revenue Services, Maine Department of Revenue, September 17, 2025...
MD - Impact report on OBBBA issued
The Maryland Comptroller has issued a report outlining the impact that the One Big Beautiful Bill Act is expected to have on Maryland tax revenues. Maryland law requires such a report when amendments ...
The Maryland Comptroller has issued a report outlining the impact that the One Big Beautiful Bill Act is expected to have on Maryland tax revenues. Maryland law requires such a report when amendments ...
MA - Assessment reduction ordered following review of comparable sales data
The Appellate Tax Board of Massachusetts ordered abatements of property taxes on two condominium units assessed at the commercial rate after determining the properties were overvalued for fiscal year ...
The Appellate Tax Board of Massachusetts ordered abatements of property taxes on two condominium units assessed at the commercial rate after determining the properties were overvalued for fiscal year ...
MI - Tax rate for qualified health plans announced
The gross premiums tax rate for qualified health policies in Michigan is 0.9607% for 2025. The Department of Treasury calculates the rate annually based on a statutory formula by October 1 of each yea...
The gross premiums tax rate for qualified health policies in Michigan is 0.9607% for 2025. The Department of Treasury calculates the rate annually based on a statutory formula by October 1 of each yea...
MN - Digital products guidance updated
Minnesota has updated its guidance on how sales and use tax applies to digital products. The guidance covers taxable and nontaxable sales; bundled transactions; webinars, online classes, and instructi...
Minnesota has updated its guidance on how sales and use tax applies to digital products. The guidance covers taxable and nontaxable sales; bundled transactions; webinars, online classes, and instructi...
MS - Tupelo water procurement facility tax no longer imposed on groceries
Mississippi issued a notice announcing that retail sales of groceries in City of Tupelo are exempt effective July 1, 2025 from the Tupelo Water Procurement Facility Tax, which is a .25% tax on retail ...
Mississippi issued a notice announcing that retail sales of groceries in City of Tupelo are exempt effective July 1, 2025 from the Tupelo Water Procurement Facility Tax, which is a .25% tax on retail ...
MO - Local tax rate changes announced
The following local Missouri sales and use tax rate changes take effect October 1, 2025. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Chan...
The following local Missouri sales and use tax rate changes take effect October 1, 2025. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Chan...
MT - Governor sends reminder about property tax relief
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
NE - Guidance provided on prohibition on tax benefits received by foreign adversary companies
The Nebraska Department of Revenue has provided guidance on the prohibition on foreign adversary companies (FACs) receiving benefits from any of the state's tax incentive programs as of October 1, 202...
The Nebraska Department of Revenue has provided guidance on the prohibition on foreign adversary companies (FACs) receiving benefits from any of the state's tax incentive programs as of October 1, 202...
NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
NH - Parsonage tax exemptions expanded
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
NJ - HMFA project financing credit program guidance issued
New Jersey has issued guidance regarding the New Jersey Housing and Mortgage Finance Agency (NJHMFA) tax credit program. Awarded tax credits can be applied against Corporation Business Tax or Insuranc...
New Jersey has issued guidance regarding the New Jersey Housing and Mortgage Finance Agency (NJHMFA) tax credit program. Awarded tax credits can be applied against Corporation Business Tax or Insuranc...
NM - Trailer-mounted generators
A New Mexico administrative hearing officer ruled that a taxpayer was entitled to a refund of Motor Vehicle Excise Tax paid on the purchase of trailer-mounted generators, as only the trailers, and not...
A New Mexico administrative hearing officer ruled that a taxpayer was entitled to a refund of Motor Vehicle Excise Tax paid on the purchase of trailer-mounted generators, as only the trailers, and not...
NY - Minimum wholesale, retail cigarette prices publication updated
The New York Department of Taxation and Finance has updated a cigarette tax publication that lists the revised minimum wholesale and retail cigarette prices for certain standard brands of cigarettes. ...
The New York Department of Taxation and Finance has updated a cigarette tax publication that lists the revised minimum wholesale and retail cigarette prices for certain standard brands of cigarettes. ...
NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
ND - Guide to business tax incentives updated
North Dakota has released a business tax incentives publication for 2025, summarizing a number of provisions such as property tax exemptions, sales tax exemptions, and income tax credits. For example,...
North Dakota has released a business tax incentives publication for 2025, summarizing a number of provisions such as property tax exemptions, sales tax exemptions, and income tax credits. For example,...
OH - Withholding tables updated
Ohio has released updated personal income tax withholding tables that take effect October 1, 2025. Employer Withholding: Table of Contents, Ohio Department of Taxation, September 8, 2025...
Ohio has released updated personal income tax withholding tables that take effect October 1, 2025. Employer Withholding: Table of Contents, Ohio Department of Taxation, September 8, 2025...
OK - Tribal member did not reside in Indian Country for exemption
A member of the Muscogee Creek Nation was not exempt from Oklahoma income tax because she was deemed not to reside in "Indian Country." The income of an enrolled member of a federally recognized India...
A member of the Muscogee Creek Nation was not exempt from Oklahoma income tax because she was deemed not to reside in "Indian Country." The income of an enrolled member of a federally recognized India...
OR - Employer tax credit enacted
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
PA -PURTA surcharge rate announced
Pennsylvania has provided notice that the Public Utility Realty Tax Act (PURTA) surcharge calculation for tax years beginning January 1, 2026 is 0 mills. No PURTA surcharge will be imposed for the tax...
Pennsylvania has provided notice that the Public Utility Realty Tax Act (PURTA) surcharge calculation for tax years beginning January 1, 2026 is 0 mills. No PURTA surcharge will be imposed for the tax...
RI - Guidance issued on decoupling from federal treatment of R&D expenditures
Rhode Island issued guidance on its treatment of domestic research and experimental expenditures and recent federal legislation, which the state decoupled from in the 2026 budget.Eligible taxpayers th...
Rhode Island issued guidance on its treatment of domestic research and experimental expenditures and recent federal legislation, which the state decoupled from in the 2026 budget.Eligible taxpayers th...
SC - Guidance on exemptions for farmers updated
South Carolina issued a revenue ruling that addresses common sales tax exemptions available to farmers and updates previous guidance concerning the use of South Carolina Agriculture Tax Exemption (SCA...
South Carolina issued a revenue ruling that addresses common sales tax exemptions available to farmers and updates previous guidance concerning the use of South Carolina Agriculture Tax Exemption (SCA...
SD - Assessment methodology challenged for exceeding actual property value
The South Dakota Supreme Court reversed and remanded a property tax assessment involving agricultural properties subject to perpetual wetlands reserve easements, concluding that the assessed valuation...
The South Dakota Supreme Court reversed and remanded a property tax assessment involving agricultural properties subject to perpetual wetlands reserve easements, concluding that the assessed valuation...
TN - Expansion of central business improvement district discussed
Tennessee issued a notice announcing that the Nashville Metropolitan Government of Davidson County is expanding its Central Business Improvement District (CBID) boundaries. Retailers located in the CB...
Tennessee issued a notice announcing that the Nashville Metropolitan Government of Davidson County is expanding its Central Business Improvement District (CBID) boundaries. Retailers located in the CB...
TX - August 2025 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period August 2025 is $39.33 per barrel for the three-month period beginning on May 1, ...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period August 2025 is $39.33 per barrel for the three-month period beginning on May 1, ...
UT - 2025 reporting instructions for holders of unclaimed property issued
Utah has issued the 2025 reporting instructions for holders of unclaimed property. The instructions include the following recent unclaimed property law changes affecting holder reporting:Electronic re...
Utah has issued the 2025 reporting instructions for holders of unclaimed property. The instructions include the following recent unclaimed property law changes affecting holder reporting:Electronic re...
VT - MFTIA and MFTA rates announced for fourth quarter of 2025
The Vermont motor fuel transportation infrastructure assessment (MFTIA) rate for the fourth quarter of 2025 (October to December 2025) is $0.0510, and the motor fuel tax assessment (MFTA) rate is $0.1...
The Vermont motor fuel transportation infrastructure assessment (MFTIA) rate for the fourth quarter of 2025 (October to December 2025) is $0.0510, and the motor fuel tax assessment (MFTA) rate is $0.1...
VA - Interest rates unchanged for fourth quarter of 2025
The Virginia interest rates for the fourth quarter of 2025 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).For the purpose of computing the addition to the tax f...
The Virginia interest rates for the fourth quarter of 2025 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).For the purpose of computing the addition to the tax f...
WA - Taxability of precious metal bullion and monetized bullion explained
Beginning January 1, 2026, the sale of precious metal bullion and monetized bullion (coins) are subject to Washington sales tax and retailing business and occupation (B&O) tax. Gross income from s...
Beginning January 1, 2026, the sale of precious metal bullion and monetized bullion (coins) are subject to Washington sales tax and retailing business and occupation (B&O) tax. Gross income from s...
WV - Employer withholding guidance updated
West Virginia updated guidance for employers on income tax withholding from employee wages. The guidance provides information on:compensation that is subject to withholding;monthly withholding payment...
West Virginia updated guidance for employers on income tax withholding from employee wages. The guidance provides information on:compensation that is subject to withholding;monthly withholding payment...
WI - Failure to timely file petition
A Notice of Action by the Wisconsin Department of Revenue was sent by USPS Certified Mail to the taxpayers. The Department asserts the mail was received by the taxpayers on March 27, 2025. The taxpaye...
A Notice of Action by the Wisconsin Department of Revenue was sent by USPS Certified Mail to the taxpayers. The Department asserts the mail was received by the taxpayers on March 27, 2025. The taxpaye...
WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
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