IRS Now Accepting Renewal Applications for ITINs Expiring in 2017 (IR-2017-109)
CCH Tax Day Report The IRS is now accepting renewal applications for Individual Taxpayer Identification Numbers (ITINs) that are expiring at the end of 2017.…
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Texas ~ Corporate Income Tax: Historic Structure Rehabilitation Credit Temporarily Expanded
CCH Tax Day Report The Texas franchise tax credit for certified rehabilitation of certified historic structures is temporarily expanded effective June 14, 2017, until January…
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Oregon ~ Corporate Income Tax: Market Based Sourcing Bill Passes House
CCH Tax Day Report The Oregon House has passed a bill that would, if enacted, replace the cost of performance standard with a market-based sourcing…
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Louisiana ~ Sales and Use Tax: Local Sales Tax Board and Commission for Remote Sellers Created; Optional Concursus Process Enacted
CCH Tax Day Report A law has created the Louisiana Uniform Local Sales Tax Board as a political subdivision of the state for purposes of…
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Florida ~ Property Tax: Exemption Enacted for Renewable Energy Source Devices
CCH Tax Day Report 80% of the assessed value of a renewable energy source device that is considered tangible personal property is exempt from Florida…
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All States ~ Corporate, Personal Income Taxes: Mobile Workforce State Income Tax Simplification Act of 2017 Passed by House
CCH Tax Day Report The U.S. House of Representatives passed the Mobile Workforce State Income Tax Simplification Act of 2017, which would limit the authority…
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Senate ACA Repeal, Replace Discussion Draft to Be Unveiled on Thursday
CCH Tax Day Report Senate Republicans are expected to unveil their version of a Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) repeal and…
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House Approves Bipartisan Nuclear Tax Credit Bill
CCH Tax Day Report The House approved a bipartisan nuclear production tax credit bill on June 20 by voice vote. HR 1551 was approved by…
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Tax Reform in 2017, Ryan Says; Where Is the Plan, Democrats Ask
CCH Tax Day Report House Speaker Paul Ryan, R-Wis., delivered what he called his “first major speech on tax reform” at the National Association of…
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Wisconsin ~ Sales and Use Tax: Prescription Drugs Not Taxable
CCH Tax Day Report A Wisconsin Department of Revenue news release notes that the Wisconsin sales and use tax exemption for prescription drugs has not…
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