Tax Alerts
Tax Briefing(s)
Budget Reconciliation Bill (Released by House May 12, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
AL - Exemption for out-of-state aircraft and parts
Alabama has enacted legislation exempting the sale or lease of aircraft replacement parts, components, systems, sundries, and supplies affixed to, used on, or that become part of aircraft brought into...
Alabama has enacted legislation exempting the sale or lease of aircraft replacement parts, components, systems, sundries, and supplies affixed to, used on, or that become part of aircraft brought into...
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 - No local tax rate changes for June
Arizona has no local transaction privilege tax (TPT) or local medical and adult use of marijuana TPT rate changes for June 2025. Tax Rate Tables, Arizona Department of Revenue, May 2, 2025...
Arizona has no local transaction privilege tax (TPT) or local medical and adult use of marijuana TPT rate changes for June 2025. Tax Rate Tables, Arizona Department of Revenue, May 2, 2025...
AR - Temporary waiver of late fees and interest announced
The Arkansas Secretary of State announced that late fees and interest charges on annual franchise taxes are waived through May 8. The one-time waiver is due to an unforeseen closure of the payment web...
The Arkansas Secretary of State announced that late fees and interest charges on annual franchise taxes are waived through May 8. The one-time waiver is due to an unforeseen closure of the payment web...
CA - Cannabis excise tax rate hike announced
Effective July 1, 2025, the California cannabis excise tax rate is increased from 15% to 19% of gross receipts from retail sales of cannabis or cannabis products. The California Department of Tax and ...
Effective July 1, 2025, the California cannabis excise tax rate is increased from 15% to 19% of gross receipts from retail sales of cannabis or cannabis products. The California Department of Tax and ...
CO - SALT parity act guidance updated
Colorado issued updated guidance on the state's SALT Parity Act, which allows electing pass-through entities (PTEs) to pay Colorado income tax at the entity level. The updated guidance clarifies that ...
Colorado issued updated guidance on the state's SALT Parity Act, which allows electing pass-through entities (PTEs) to pay Colorado income tax at the entity level. The updated guidance clarifies that ...
CT - Tobacco products manufacturers notified of annual revision of required forms
Connecticut notifies tobacco products manufacturers of the annual revision of required forms that must be completed and filed with either the Connecticut Department of Revenue Services or the Office o...
Connecticut notifies tobacco products manufacturers of the annual revision of required forms that must be completed and filed with either the Connecticut Department of Revenue Services or the Office o...
DE - Budget proposes rate cuts, new brackets, tobacco tax increase
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
DC - Reclassification process for commercial properties amended
The District of Columbia temporarily amended the property tax reclassification process for commercial properties. The act provides for more timely classification changes for a commercial property that...
The District of Columbia temporarily amended the property tax reclassification process for commercial properties. The act provides for more timely classification changes for a commercial property that...
FL - All Hillsborough County surtax collection resumes June 2025
Beginning June 1, 2025, dealers must resume collection of the following Hillsborough County discretionary sales surtaxes for Florida sales and use tax purposes:the 0.5% indigent care surtax; andthe 0....
Beginning June 1, 2025, dealers must resume collection of the following Hillsborough County discretionary sales surtaxes for Florida sales and use tax purposes:the 0.5% indigent care surtax; andthe 0....
GA - Local rate changes announced for Q3
Multiple Georgia counties have sales and use tax rate change that take effect on July 1, 2025.County Tax Rate ChangesThe following counties will have tax rate changes:Clinch, 7%;Stewart, 8%;Telfair, 8...
Multiple Georgia counties have sales and use tax rate change that take effect on July 1, 2025.County Tax Rate ChangesThe following counties will have tax rate changes:Clinch, 7%;Stewart, 8%;Telfair, 8...
HI - Legislature approves IRC conformity update
The Hawaii Legislature has approved a bill that would update Hawaii’s Internal Revenue Code tie-in date for computing corporate and individual income tax liability. If signed by the governor, the bi...
The Hawaii Legislature has approved a bill that would update Hawaii’s Internal Revenue Code tie-in date for computing corporate and individual income tax liability. If signed by the governor, the bi...
ID: Withholding tables updated for 2025
The Idaho State Tax Commission has updated the income tax withholding tables for 2025, due to a law change that lowered the tax rates. This includes updating the Idaho Child Tax Credit Allowance Table...
The Idaho State Tax Commission has updated the income tax withholding tables for 2025, due to a law change that lowered the tax rates. This includes updating the Idaho Child Tax Credit Allowance Table...
IL - Taxation of assist crane rental addressed
Illinois issued a general information letter addressing the taxation of an assist crane in the possession and control of the lessor's operator. An assist crane is used to assemble and disassemble towe...
Illinois issued a general information letter addressing the taxation of an assist crane in the possession and control of the lessor's operator. An assist crane is used to assemble and disassemble towe...
IN - Cap added to residential historic rehabilitation credit
A $10,000 cap is added to the Indiana personal income tax credit for a taxpayer who completes preservation or rehabilitation of a historic property. The Department of Natural Resources cannot certify ...
A $10,000 cap is added to the Indiana personal income tax credit for a taxpayer who completes preservation or rehabilitation of a historic property. The Department of Natural Resources cannot certify ...
IA - Taxpayer not nonprofit hospital entitled to exemptions
Taxpayer, a nonprofit corporation, appealed the district court’s decision dismissing its petition for judicial review and affirming the Department’s denial of taxpayer’s refund claims seeking sa...
Taxpayer, a nonprofit corporation, appealed the district court’s decision dismissing its petition for judicial review and affirming the Department’s denial of taxpayer’s refund claims seeking sa...
KS - Sales tax authority granted to Pawnee, Seward, and Jackson Counties
Kansas enacted legislation that authorizes Pawnee, Seward, and Jackson counties to impose a sales tax with voter approval at a rate of:1% in Pawnee County;0.5% in Seward County; and0.25% in Jackson Co...
Kansas enacted legislation that authorizes Pawnee, Seward, and Jackson counties to impose a sales tax with voter approval at a rate of:1% in Pawnee County;0.5% in Seward County; and0.25% in Jackson Co...
KY - Disaster relief refunds for building owners in certain counties announced
Kentucky announced the counties impacted by severe storms, straight-line winds, flooding, landslides and mudslides that began on April 2, 2025 where building owners are eligible for sales and use tax ...
Kentucky announced the counties impacted by severe storms, straight-line winds, flooding, landslides and mudslides that began on April 2, 2025 where building owners are eligible for sales and use tax ...
LA - Proposed amendment 2 fails
Proposed Amendment 2 to the Louisiana Constitution, which was on the March 29, 2025 ballot, failed. The amendment would have :lowered the maximum income tax rate;increased income tax deductions for ci...
Proposed Amendment 2 to the Louisiana Constitution, which was on the March 29, 2025 ballot, failed. The amendment would have :lowered the maximum income tax rate;increased income tax deductions for ci...
ME - Rule amended to impose electronic filing on certain taxpayers
Maine Rule 104, which outlines requirements for filing certain Maine tax returns, including electronic filing requirements, has been amended to require that the following file electronic returns:certa...
Maine Rule 104, which outlines requirements for filing certain Maine tax returns, including electronic filing requirements, has been amended to require that the following file electronic returns:certa...
MD - Tax on cannabinoid beverages clarified
Recent legislation has clarified that cannabinoid beverages are not food exempt from Maryland sales and use tax.Cannabinoid beverages are those that contain five milligrams or less of tetrahydrocannab...
Recent legislation has clarified that cannabinoid beverages are not food exempt from Maryland sales and use tax.Cannabinoid beverages are those that contain five milligrams or less of tetrahydrocannab...
MA - Interest rates hold steady for the second quarter of 2025
The interest rates on the underpayment and overpayment of Massachusetts taxes are unchanged for the period April 1, 2025, through June 30, 2025.The rate for overpayments is 6%; andThe rate for underpa...
The interest rates on the underpayment and overpayment of Massachusetts taxes are unchanged for the period April 1, 2025, through June 30, 2025.The rate for overpayments is 6%; andThe rate for underpa...
MI - Income tax rate for 2025 tax year remains unchanged
The personal income tax rate for individuals and fiduciaries in Michigan remains 4.25% for the 2025 tax year. The fiscal data from 2024 did not warrant a formulary rate reduction pursuant to section 5...
The personal income tax rate for individuals and fiduciaries in Michigan remains 4.25% for the 2025 tax year. The fiscal data from 2024 did not warrant a formulary rate reduction pursuant to section 5...
MN - Cannabis income tax subtraction guidance issued
The Minnesota Department of Revenue has issued guidance on the income tax subtraction available to licensed cannabis or hemp businesses for certain expenses not allowed on federal returns. For tax yea...
The Minnesota Department of Revenue has issued guidance on the income tax subtraction available to licensed cannabis or hemp businesses for certain expenses not allowed on federal returns. For tax yea...
MS - Incentives and tax credits introduced for rehabilitation of blighted property
Mississippi has enacted legislation providing income tax credits and incentive payments for developers who rehabilitate blighted property in the state. Eligible taxpayers can claim a credit amounting ...
Mississippi has enacted legislation providing income tax credits and incentive payments for developers who rehabilitate blighted property in the state. Eligible taxpayers can claim a credit amounting ...
MO - Residential property assessments correction ordered
The Missouri State Tax Commission has ordered Jackson County officials to roll back residential property tax assessments. Specifically, in order to prevent excessive, mistaken, and erroneous ass...
The Missouri State Tax Commission has ordered Jackson County officials to roll back residential property tax assessments. Specifically, in order to prevent excessive, mistaken, and erroneous ass...
MT - Personal income tax revisions enacted
For Montana tax years beginning January 1, 2026, and ending December 31, 2026, the rate of 4.7% is imposed on taxable income up to $95,000 (increased from $41,000; for joint filers and surviving spous...
For Montana tax years beginning January 1, 2026, and ending December 31, 2026, the rate of 4.7% is imposed on taxable income up to $95,000 (increased from $41,000; for joint filers and surviving spous...
NE - Local tax rate guide issued
The Nebraska Department of Revenue has released a list of local sales and use tax rates in effect as of July 1, 2025. The table includes the new Good Life District (GLD) local sales and use taxes in G...
The Nebraska Department of Revenue has released a list of local sales and use tax rates in effect as of July 1, 2025. The table includes the new Good Life District (GLD) local sales and use taxes in G...
NV - Regulation on reduction of taxable value amended
Nevada has amended its regulation on the deduction of obsolescence from the taxable value of property. In determining the amount of obsolescence to be deducted, the State Board and the county boards o...
Nevada has amended its regulation on the deduction of obsolescence from the taxable value of property. In determining the amount of obsolescence to be deducted, the State Board and the county boards o...
NH - Department reminds taxpayers of interest and dividends tax repeal
The New Hampshire Department of Revenue Administration reminds taxpayers that the Interest and Dividends Tax is repealed effective January 1, 2025. Technical Information Release TIR 2025-001, New Ham...
The New Hampshire Department of Revenue Administration reminds taxpayers that the Interest and Dividends Tax is repealed effective January 1, 2025. Technical Information Release TIR 2025-001, New Ham...
NJ - Retroactive amendment resolves dormant commerce clause violation
The Superior Court of New Jersey affirmed a tax court decision finding that while the pre-2020 version of a corporation business tax regulation violated the Dormant Commerce Clause of the United State...
The Superior Court of New Jersey affirmed a tax court decision finding that while the pre-2020 version of a corporation business tax regulation violated the Dormant Commerce Clause of the United State...
NM - High-wage jobs tax credit threshold job definition modified
New Mexico has enacted legislation making a minor adjustment to the high-wage jobs tax credit by changing the definition of a “threshold job.” Threshold jobs are used in the tax credit to track a ...
New Mexico has enacted legislation making a minor adjustment to the high-wage jobs tax credit by changing the definition of a “threshold job.” Threshold jobs are used in the tax credit to track a ...
NY - Aunt wins dispute on qualifying child credits
A New York administrative law judge ruled in favor of a petitioner disputing a personal income tax issue that hinged on the question of whether she could claim her nephew as a qualifying child for pur...
A New York administrative law judge ruled in favor of a petitioner disputing a personal income tax issue that hinged on the question of whether she could claim her nephew as a qualifying child for pur...
NC: Interest rate remains at 7% for second half of 2025
The interest rate on North Carolina tax assessments (underpayments) and refunds (overpayments) for the period July 1, 2025, through December 31, 2025, remains at 7%. Interest Rate, North Carolina Dep...
The interest rate on North Carolina tax assessments (underpayments) and refunds (overpayments) for the period July 1, 2025, through December 31, 2025, remains at 7%. Interest Rate, North Carolina Dep...
ND - Child care contribution credit enacted for employers
North Dakota has created a corporate and personal income tax credit for employers that provide child care contributions. The total credit available to each qualified employer equals 50% of the taxpaye...
North Dakota has created a corporate and personal income tax credit for employers that provide child care contributions. The total credit available to each qualified employer equals 50% of the taxpaye...
OH - Lake County increases tax rate
Ohio has announced a change in the sales and use tax rate for Lake County that will be effective July 1, 2025. The rate will increase from the current 7.0% to 7.25%. Tax Rates and Changes, Ohio Depar...
Ohio has announced a change in the sales and use tax rate for Lake County that will be effective July 1, 2025. The rate will increase from the current 7.0% to 7.25%. Tax Rates and Changes, Ohio Depar...
OK - Payments in lieu of ad valorem tax imposed on Oklahoma wildlife conservation commission are unconstitutional
The Oklahoma Attorney General's office has opined that annual payments in lieu of ad valorem taxes imposed on property owned by the Wildlife Conservation Commission (OWCC) are unconstitu...
The Oklahoma Attorney General's office has opined that annual payments in lieu of ad valorem taxes imposed on property owned by the Wildlife Conservation Commission (OWCC) are unconstitu...
OR - Court upholds partial repatriation amount inclusion in sales factor
The Oregon tax court did reconsider a previous decision concluding that deemed dividends arising under Subpart F must be reincluded in the sales factor for a corporation excise (corporate) taxpayer's ...
The Oregon tax court did reconsider a previous decision concluding that deemed dividends arising under Subpart F must be reincluded in the sales factor for a corporation excise (corporate) taxpayer's ...
PA - Administration launches online petition center for taxpayers to file appeals
Pennsylvania launched a new online platform to provide an improved tax appeals process for taxpayers. The new Board of Appeals Online Petition Center offers an improved user interface, a feature to ...
Pennsylvania launched a new online platform to provide an improved tax appeals process for taxpayers. The new Board of Appeals Online Petition Center offers an improved user interface, a feature to ...
RI - Taxpayers reminded of 2025 LLC filing requirements
The Rhode Island Department of Revenue Division of Taxation has issued a notice summarizing the 2025 income tax filing requirements for LLCs. Notice 2025-01, Rhode Island Division of Taxation, Februa...
The Rhode Island Department of Revenue Division of Taxation has issued a notice summarizing the 2025 income tax filing requirements for LLCs. Notice 2025-01, Rhode Island Division of Taxation, Februa...
SC - Lexington County school district tax extended
South Carolina has extended for an additional seven years the 1% special sales and use tax imposed by the Lexington County School District Property Tax Relief Act.H.B. 4187, Laws 2025, effe...
South Carolina has extended for an additional seven years the 1% special sales and use tax imposed by the Lexington County School District Property Tax Relief Act.H.B. 4187, Laws 2025, effe...
SD - Tax refund programs open for senior citizens and citizens with disabilities
South Dakota senior citizens and persons with disabilities have until July 1, 2025, to apply for sales and property tax refund. To be eligible, specific criteria must be met including age, residency, ...
South Dakota senior citizens and persons with disabilities have until July 1, 2025, to apply for sales and property tax refund. To be eligible, specific criteria must be met including age, residency, ...
TN - Taxpayers allowed to make discretionary additions to net earnings
Under a recent Tennessee excise tax amendment, taxpayers may, at their discretion, add back to net earnings (1) amounts taken as deductions from federal taxable income that are also allowed to be take...
Under a recent Tennessee excise tax amendment, taxpayers may, at their discretion, add back to net earnings (1) amounts taken as deductions from federal taxable income that are also allowed to be take...
TX - Restaurant marketing subscription bundles
The Texas Comptroller’s office has issued a private letter ruling determining that a taxpayer's bundled marketing services provided to bars and restaurants—offered through subscription packages—...
The Texas Comptroller’s office has issued a private letter ruling determining that a taxpayer's bundled marketing services provided to bars and restaurants—offered through subscription packages—...
UT - Withholding tax guide revised
The Utah State Tax Commission has updated its withholding tax guide, effective June 1, 2025. The income tax withholding tables are effective for pay periods beginning on or after June 1, 2025.The publ...
The Utah State Tax Commission has updated its withholding tax guide, effective June 1, 2025. The income tax withholding tables are effective for pay periods beginning on or after June 1, 2025.The publ...
VT - New local option taxes announced
Vermont announced that the following seven towns will have new local option taxes, effective July 1, 2025.Hartford is adding Local Option Sales Tax (the town already has Local Option Meals and Rooms T...
Vermont announced that the following seven towns will have new local option taxes, effective July 1, 2025.Hartford is adding Local Option Sales Tax (the town already has Local Option Meals and Rooms T...
VA - Extension of due dates for tax returns and payments for winter storm and flooding victims announced
The Virginia Department of Taxation announced that it will provide relief to taxpayers affected by the severe winter storms and flooding that began February 10, 2025.Relief for Late Individual and Fid...
The Virginia Department of Taxation announced that it will provide relief to taxpayers affected by the severe winter storms and flooding that began February 10, 2025.Relief for Late Individual and Fid...
WA - Application of tax assistance programs to ADUs explained
The Washington Department of Revenue provides guidance on the expansion of property tax assistance programs to accessory dwelling units (ADUs). The definition of"residence" includes an ADU, resulting...
The Washington Department of Revenue provides guidance on the expansion of property tax assistance programs to accessory dwelling units (ADUs). The definition of"residence" includes an ADU, resulting...
WV - - Property tax credit extended to widowed spouses of disabled veterans
West Virginia expanded an income tax credit for property tax paid by disabled veterans to include widowed spouses of disabled veterans. H.B. 2121, Laws 2025, effective July 11, 2025...
West Virginia expanded an income tax credit for property tax paid by disabled veterans to include widowed spouses of disabled veterans. H.B. 2121, Laws 2025, effective July 11, 2025...
WI - DOR bulletin issued
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 229 (April 2025). The Bulletin includes:General Updates and Reminders;Income and Franchise Tax Updates and Reminders;Sales ...
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 229 (April 2025). The Bulletin includes:General Updates and Reminders;Income and Franchise Tax Updates and Reminders;Sales ...
WY - Order of application of property tax exemptions provided
Wyoming has enacted legislation specifying the order in which a taxpayer should apply property tax exemptions when multiple property tax exemptions apply to the same property. The legislation states t...
Wyoming has enacted legislation specifying the order in which a taxpayer should apply property tax exemptions when multiple property tax exemptions apply to the same property. The legislation states t...
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