Tax Alerts
Tax Briefing(s)
2024 Tax Policies of the Major Presidential Candidates2024 Post-Filing Season Update(Proposed) Tax Relief for American Families and Workers Act of 2024 (Passed by House, January 31, 20
Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216
The IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax credit. This tax benefit is available to working parents who pay for the care of their...
The IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax credit. This tax benefit is available to working parents who pay for the care of their...
IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197
The IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements for the New, Previously Owned and Qualified Commercial Clea...
The IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements for the New, Previously Owned and Qualified Commercial Clea...
IRS Highlights New Business Tax Account Features, FS-2024-27
The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool for business taxpayers that now allows them to view and make balance-due p...
The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool for business taxpayers that now allows them to view and make balance-due p...
Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217
The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible qualified student loan payments ...
The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible qualified student loan payments ...
IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199
The IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July 30. Since its inception in 2007, the o...
The IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July 30. Since its inception in 2007, the o...
AL - Town of pine level imposes local taxes
Effective September 1, 2024, the town of Pine Level imposes new local Alabama sales, use, rental, and lodgings taxes within their police jurisdiction. For the taxes levied outside the corporate limits...
Effective September 1, 2024, the town of Pine Level imposes new local Alabama sales, use, rental, and lodgings taxes within their police jurisdiction. For the taxes levied outside the corporate limits...
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 - Local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective September 1, 2024. Transaction Privilege and Other Tax Rate Tables, Arizona Department of Revenue, Au...
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective September 1, 2024. Transaction Privilege and Other Tax Rate Tables, Arizona Department of Revenue, Au...
AR - SST taxability matrix and certificate of compliance updated
Arkansas updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Prac...
Arkansas updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Prac...
CA - Certain used vehicle dealers reminded of change in filing frequency
On July 1, 2024, the California Department of Tax and Fee Administration (CDTFA) changed the sales and use tax return filing frequency for certain used vehicle dealers, who are required to pay sales t...
On July 1, 2024, the California Department of Tax and Fee Administration (CDTFA) changed the sales and use tax return filing frequency for certain used vehicle dealers, who are required to pay sales t...
CO - Governor calls special session for tax relief measures
Governor Jared Polis has convened a special session of the General Assembly to bigin on August 26, 2024, with the stated intent to deliver further property tax relief to Coloradans. He stated that the...
Governor Jared Polis has convened a special session of the General Assembly to bigin on August 26, 2024, with the stated intent to deliver further property tax relief to Coloradans. He stated that the...
CT - Guidance issued on credit based on conveyance tax paid on sale of certain residential property
Guidance is provided regarding the credit against Connecticut personal income tax a taxpayer may claim based on the real estate conveyance tax paid on the sale of certain residential property.Determin...
Guidance is provided regarding the credit against Connecticut personal income tax a taxpayer may claim based on the real estate conveyance tax paid on the sale of certain residential property.Determin...
DE - Exemption from realty transfer tax provided for construction of affordable housing units
Enacted Delaware legislation exempts contracts, agreements, or undertakings for the construction of affordable housing units from the 2% realty transfer tax. However, the construction must be financed...
Enacted Delaware legislation exempts contracts, agreements, or undertakings for the construction of affordable housing units from the 2% realty transfer tax. However, the construction must be financed...
DC - Applicability of purchase money exemption for security interest instruments discussed
For miscellaneous tax purposes, the District of Columbia Office of Tax and Revenue (OTR) issued a notice discussing the applicability of purchase money exemption for security interest instruments. The...
For miscellaneous tax purposes, the District of Columbia Office of Tax and Revenue (OTR) issued a notice discussing the applicability of purchase money exemption for security interest instruments. The...
FL - Correction: interest rates for second half of 2024 announced
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments for July 1, 2024, through December 31, 2024, remains ...
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments for July 1, 2024, through December 31, 2024, remains ...
GA - Taxpayers appeal dismissed for lack of jurisdiction
For Georgia property tax purposes, the Court of Appeals dismissed the taxpayers' appeal for lack of jurisdiction. In this case, the taxpayers filed a notice of appeal seeking to appeal from the trial ...
For Georgia property tax purposes, the Court of Appeals dismissed the taxpayers' appeal for lack of jurisdiction. In this case, the taxpayers filed a notice of appeal seeking to appeal from the trial ...
HI - Pass-through entity tax guidance updated, notice of proposed temporary rules provided
The Hawaii Department of Taxation has issued updated guidance on the Hawaii pass-through entity (PTE) tax to reflect changes made by Act 50 (S.B. 2725), Laws 2024. The guidance replaces and supersedes...
The Hawaii Department of Taxation has issued updated guidance on the Hawaii pass-through entity (PTE) tax to reflect changes made by Act 50 (S.B. 2725), Laws 2024. The guidance replaces and supersedes...
ID - Disabled veterans are eligible to apply for property tax benefit; deadline is April 15
The Idaho State Tax Commission has issued a release announcing that veterans with disabilities are eligible to have their property tax bill reduced by as much as $1,500 on their Idaho residence and up...
The Idaho State Tax Commission has issued a release announcing that veterans with disabilities are eligible to have their property tax bill reduced by as much as $1,500 on their Idaho residence and up...
IL - Information provided on new exemption for qualified purchases of home-delivered meals
Illinois provides information on a recently enacted sales and use tax exemption for home-delivered meals provided to Medicare or Medicaid recipients when payment is made by an intermediary pursuant to...
Illinois provides information on a recently enacted sales and use tax exemption for home-delivered meals provided to Medicare or Medicaid recipients when payment is made by an intermediary pursuant to...
IN - Updated guidance is issued for nonprofit organizations
Updated guidance is issued regarding the application of Indiana sales and use tax to transactions engaged in by nonprofit organizations. Information Bulletin #10, Indiana Department of Revenue, Augus...
Updated guidance is issued regarding the application of Indiana sales and use tax to transactions engaged in by nonprofit organizations. Information Bulletin #10, Indiana Department of Revenue, Augus...
IA - Employer child care tax credit rules adopted
Iowa has adopted regulations related to the income tax employer child care credit. For tax years beginning on or after January 1, 2023, eligible businesses that incur expenditures in Iowa that qualify...
Iowa has adopted regulations related to the income tax employer child care credit. For tax years beginning on or after January 1, 2023, eligible businesses that incur expenditures in Iowa that qualify...
KS - Guidance on changes to pass-through entity tax issued
Kansas issued guidance for S corporations and partnerships on legislative amendments to elective pass-through entity tax provisions, otherwise known as the SALT Parity Act. The legislation included si...
Kansas issued guidance for S corporations and partnerships on legislative amendments to elective pass-through entity tax provisions, otherwise known as the SALT Parity Act. The legislation included si...
KY - Standard deduction for 2025 tax year announced
Kentucky announced that the personal income tax standard deduction for the 2025 tax year is $3,270. Press Release, Kentucky Department of Revenue, August 20, 2024...
Kentucky announced that the personal income tax standard deduction for the 2025 tax year is $3,270. Press Release, Kentucky Department of Revenue, August 20, 2024...
LA - Second amendment weekend sales tax holiday set for September 6-8
The Louisiana Department of Revenue has issued a bulletin explaining the 2024 Annual Louisiana Second Amendment Weekend Sales Tax Holiday that begins on Friday, September 6, at 12:01 a.m., and ends at...
The Louisiana Department of Revenue has issued a bulletin explaining the 2024 Annual Louisiana Second Amendment Weekend Sales Tax Holiday that begins on Friday, September 6, at 12:01 a.m., and ends at...
ME - Guidance for exempt organizations and government agencies updated
Maine Revenue Services has revised its instructional bulletin on the sales and use tax treatment of transactions involving exempt organizations and government agencies. The bulletin explains in detail...
Maine Revenue Services has revised its instructional bulletin on the sales and use tax treatment of transactions involving exempt organizations and government agencies. The bulletin explains in detail...
MD - New tax rates for cigarettes, other tobacco products, and electronic smoking devices released
For sales and use tax purposes, the Comptroller of Maryland issued a tax alert discussing the taxability of cigarettes, other tobacco products (OTP), and electronic smoking devices (ESD). The tax aler...
For sales and use tax purposes, the Comptroller of Maryland issued a tax alert discussing the taxability of cigarettes, other tobacco products (OTP), and electronic smoking devices (ESD). The tax aler...
MA - Sports wagering income, other changes in appropriations law explained
Massachusetts issued guidance explaining changes contained in 2023 supplemental appropriations legislation that:added a personal income tax deduction for sports wagering losses;established sourcing an...
Massachusetts issued guidance explaining changes contained in 2023 supplemental appropriations legislation that:added a personal income tax deduction for sports wagering losses;established sourcing an...
MI - Adjustment to account for different tax treatment under SBT regime not allowed
A taxpayer that purchased machinery and equipment during years that the Michigan single business tax (SBT) was in effect and later sold the assets during years that the Michigan business tax (MBT) and...
A taxpayer that purchased machinery and equipment during years that the Michigan single business tax (SBT) was in effect and later sold the assets during years that the Michigan business tax (MBT) and...
MN - Revocation of homestead classification affirmed
For Minnesota property tax purposes, the revocation of the homestead classification of the taxpayer's property was affirmed because she failed to meet the burden of proving that her property was occup...
For Minnesota property tax purposes, the revocation of the homestead classification of the taxpayer's property was affirmed because she failed to meet the burden of proving that her property was occup...
MS - Disaster relief for taxpayers explained
Massachusetts updated guidance that explains tax relief resulting from a federal disaster declaration for areas in the state, including automatic return filing and payment extensions for:personal inco...
Massachusetts updated guidance that explains tax relief resulting from a federal disaster declaration for areas in the state, including automatic return filing and payment extensions for:personal inco...
MO - Historic preservation credit amended
Missouri has amended its historic preservation income tax credit. Changes to the credit include:authorizing a credit for 35% of the costs and expenses incurred on or after July 1, 2024, for the rehabi...
Missouri has amended its historic preservation income tax credit. Changes to the credit include:authorizing a credit for 35% of the costs and expenses incurred on or after July 1, 2024, for the rehabi...
MT - Governor encourages property tax rebate applications
Montana Gov. Greg Gianforte encourages Montana homeowners to apply for their property tax rebate. Between August 15 and October 1, 2024, eligible Montana homeowners may claim their property tax rebate...
Montana Gov. Greg Gianforte encourages Montana homeowners to apply for their property tax rebate. Between August 15 and October 1, 2024, eligible Montana homeowners may claim their property tax rebate...
NE - Sunset date for school district property tax credit enacted
Nebraska enacted a sunset date for the income or franchise tax credit provided to corporations, financial institutions, pass-through entities, and individuals who paid school district property tax. ...
Nebraska enacted a sunset date for the income or franchise tax credit provided to corporations, financial institutions, pass-through entities, and individuals who paid school district property tax. ...
NV - Regulations for nonprofit organizations exemption updated
Nevada has amended the regulation relating to the tax exemption status of nonprofit organizations created for religious, charitable or educational purposes. Specifically, it outlines that the exemptio...
Nevada has amended the regulation relating to the tax exemption status of nonprofit organizations created for religious, charitable or educational purposes. Specifically, it outlines that the exemptio...
NH - Overpayment credit amounts limited
New Hampshire has amended the business profits and business enterprise estimated tax overpayment provisions to decrease the amount of allowable overpayment credit before a refund.What change is made r...
New Hampshire has amended the business profits and business enterprise estimated tax overpayment provisions to decrease the amount of allowable overpayment credit before a refund.What change is made r...
NJ - Regulation updates enacted
New Jersey has adopted gross income tax rules affecting individuals, estates, and trusts to:detail the necessary documentation to perform accurate and efficient auditing of tax returns filed by partne...
New Jersey has adopted gross income tax rules affecting individuals, estates, and trusts to:detail the necessary documentation to perform accurate and efficient auditing of tax returns filed by partne...
NM - Filing extension expanded again for taxpayers affected by south fork and salt fire
The New Mexico Taxation and Revenue Department has expanded again the filing extensions it made available for taxpayers affected by the South Fork and Salt fires disaster. Taxpayers affected by the di...
The New Mexico Taxation and Revenue Department has expanded again the filing extensions it made available for taxpayers affected by the South Fork and Salt fires disaster. Taxpayers affected by the di...
NY - Division of taxation's motion for summary determination granted
For New York sales and use tax purposes, the Division of Tax Appeals (DTA) determined that the Bureau of Conciliation and Mediation Services (BCMS) properly dismissed a taxpayer’s request for a conc...
For New York sales and use tax purposes, the Division of Tax Appeals (DTA) determined that the Bureau of Conciliation and Mediation Services (BCMS) properly dismissed a taxpayer’s request for a conc...
NC - Taxpayer’s petition barred by state’s sovereign immunity
A taxpayer’s petition challenging a North Carolina sales and use tax assessment was barred by the doctrine of sovereign immunity because the petition was untimely filed. In this matter, the taxpayer...
A taxpayer’s petition challenging a North Carolina sales and use tax assessment was barred by the doctrine of sovereign immunity because the petition was untimely filed. In this matter, the taxpayer...
ND - 2023 legislative recap issued
North Dakota issued a newsletter summarizing legislation enacted in 2023 affecting the corporate and personal income taxes. Among the topics covered are individual income tax rate reductions, deductio...
North Dakota issued a newsletter summarizing legislation enacted in 2023 affecting the corporate and personal income taxes. Among the topics covered are individual income tax rate reductions, deductio...
OH - SST taxability matrix and certificate of compliance updated
Ohio updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Library of Definitions, Tax...
Ohio updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Library of Definitions, Tax...
OK - Regulations relating to permits and exemptions updated
The Oklahoma Tax Commission has revised sales and use tax regulations relating to sales tax permits, and exemptions for rolling stock, disabled veterans, nonprofit organizations, and broadband equipme...
The Oklahoma Tax Commission has revised sales and use tax regulations relating to sales tax permits, and exemptions for rolling stock, disabled veterans, nonprofit organizations, and broadband equipme...
OR - Deduction allowed as taxpayers horse-boarding activity were engaged in for profit
Oregon taxpayers were allowed a personal income tax deduction for business expenses related to their horse-boarding activity because the taxpayers presented sufficient evidence to substantiate that th...
Oregon taxpayers were allowed a personal income tax deduction for business expenses related to their horse-boarding activity because the taxpayers presented sufficient evidence to substantiate that th...
PA - 2024 income increase for property tax/rent rebate program
Last year, Pennsylvania Gov. Josh Shapiro expanded the Property Tax/Rent Rebate program. Applicants of the program must fall under one of the previous categories to qualify: Pennsylvanians age 65 and ...
Last year, Pennsylvania Gov. Josh Shapiro expanded the Property Tax/Rent Rebate program. Applicants of the program must fall under one of the previous categories to qualify: Pennsylvanians age 65 and ...
RI - Dealers issued notice regarding cigarette tax increase
The Rhode Island Division of Taxation has issued a notice to cigarette dealers regarding an increase in the cigarette tax. The new rate of 225 mills per cigarette increases the tax from $4.25 per pack...
The Rhode Island Division of Taxation has issued a notice to cigarette dealers regarding an increase in the cigarette tax. The new rate of 225 mills per cigarette increases the tax from $4.25 per pack...
SC - Bank's gains from stock sale not apportionable
On reconsideration following a previous decision that upheld a South Carolina bank tax assessment, the administrative law court concluded that certain credit card company stock was not connected to th...
On reconsideration following a previous decision that upheld a South Carolina bank tax assessment, the administrative law court concluded that certain credit card company stock was not connected to th...
SD - Guidance for auctioneers, auction clerks, and auction services updated
The South Dakota Department of Revenue has updated a tax facts sheet on the application of sales and use tax to auctioneers, auction clerks, and auction services. Topics covered in the facts sheet inc...
The South Dakota Department of Revenue has updated a tax facts sheet on the application of sales and use tax to auctioneers, auction clerks, and auction services. Topics covered in the facts sheet inc...
TN - Taxpayer's purchase of streetlights and related equipment on behalf of public utility was exempt
A taxpayer’s purchase and installation of streetlights, photocells, smart nodes, and poles on behalf of public power authorities was not subject to Tennessee sales and use tax.Component Part of Elec...
A taxpayer’s purchase and installation of streetlights, photocells, smart nodes, and poles on behalf of public power authorities was not subject to Tennessee sales and use tax.Component Part of Elec...
TX - Denial of appraisal district’s motion to dismiss reversed
For Texas property tax purposes, the trial court erred in denying the appraisal district’s motion to dismiss for want of jurisdiction because the taxpayers forfeited their right to judicial review b...
For Texas property tax purposes, the trial court erred in denying the appraisal district’s motion to dismiss for want of jurisdiction because the taxpayers forfeited their right to judicial review b...
UT - Denial of exemption upheld as taxpayer’s facility was not used for charitable purposes
The Utah Supreme Court affirmed the Tax Commission’s denial of a property tax exemption for the taxpayer’s facility because market-rate testing was not a charitable use. The taxpayer, a research a...
The Utah Supreme Court affirmed the Tax Commission’s denial of a property tax exemption for the taxpayer’s facility because market-rate testing was not a charitable use. The taxpayer, a research a...
VT - Updated cannabis tax guide issued
Vermont provides updated guidance regarding the sales and use and excise taxes imposed on cannabis. Vermont Cannabis Tax Guide, Vermont Department of Taxes, August 2024...
Vermont provides updated guidance regarding the sales and use and excise taxes imposed on cannabis. Vermont Cannabis Tax Guide, Vermont Department of Taxes, August 2024...
VA - Taxpayer’s testing equipment was eligible for manufacturing exemption
The Virginia Tax Commissioner determined that the taxpayer was entitled to a refund of the sales and use tax paid because the taxpayer’s testing equipment was eligible for the manufacturing exemptio...
The Virginia Tax Commissioner determined that the taxpayer was entitled to a refund of the sales and use tax paid because the taxpayer’s testing equipment was eligible for the manufacturing exemptio...
WA - Guidance provided on child care exemption
A Washington business and occupation (B&O) tax exemption for certain businesses primarily engaged in providing child care takes effect October 1, 2024. Amounts received for providing care for a pe...
A Washington business and occupation (B&O) tax exemption for certain businesses primarily engaged in providing child care takes effect October 1, 2024. Amounts received for providing care for a pe...
WV - Rate reduction for 2025 certified
West Virginia certified a 4% reduction in personal income tax rates, effective beginning with the 2025 tax year, after determining annual revenue for the fiscal year exceeded state estimates. The stat...
West Virginia certified a 4% reduction in personal income tax rates, effective beginning with the 2025 tax year, after determining annual revenue for the fiscal year exceeded state estimates. The stat...
WI - Wisconsin in compliance with terms of streamlined sales and use tax agreement
The Wisconsin Department of Revenue has certified that Wisconsin is in substantial compliance with the terms of the Streamlined Sales and Use Tax Agreement as of August 1, 2024. Further, Wisconsin has...
The Wisconsin Department of Revenue has certified that Wisconsin is in substantial compliance with the terms of the Streamlined Sales and Use Tax Agreement as of August 1, 2024. Further, Wisconsin has...
WY - SST taxability matrix and certificate of compliance updated
Wyoming updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Pract...
Wyoming updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Pract...
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