Tax & Accounting Blog
Tax & Accounting Blog
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For purposes of the conditional exemption from North Carolina sales and use tax for items purchased for use in farming operations by certain persons who…
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A bill that became law without the governor’s signature revises the provisions allowing a credit against Hawaii corporate income tax, financial institutions franchise tax, or…
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Congress returned to Capitol Hill after the Independence Day recess. Treasury Secretary Steven Mnuchin discussed tax reform. The Senate released a revised health care bill…
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House Majority Leader Kevin McCarthy, R-Calif., said on July 14 that the House, at this time, has no plans to delay its August recess. Senate…
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A New York personal income tax subtraction from federal adjusted gross income has been enacted for certain distributions from an eligible retirement plan made on…
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A Louisiana appellate court has affirmed a finding that a parish’s attempt to increase 2016 property tax millages was invalid due to its failure to…
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For taxable years beginning after December 31, 2018, the Hawaii corporate income and personal income tax provisions allowing a credit for a percentage of the…
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A portion of a foreign corporation’s capital gain on the redemption of its interest in a U.S. limited liability company (LLC), which was treated as…
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The net investment income (NII) tax and the additional Medicare tax would survive repeal of the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148)…
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Gov. Jay Inslee has signed excise tax legislation, including new sections covering business and occupation tax (B&O) exemption for agricultural fertilizer and seed, as well…
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