Massachusetts Provides Local Marijuana Tax Information
Massachusetts updated its municipal databank to provide information on new local marijuana sales taxes and tax rates. What are the tax rates? All the municipalities…
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Maryland Retains Personal Exemptions
Maryland will continue to allow personal exemptions, despite their elimination for federal income tax purposes. New Maryland Law The legislation enacted by Maryland eliminates…
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“One Maryland” Credit Revised
Maryland enacted several changes to the “One Maryland” economic development credit against income and insurance premiums taxes. The amendments apply to credit certifications issued after…
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Congress Remains Focused on Tax Reform
Congressional lawmakers on Capitol Hill continue to focus on tax reform. Republicans and Democrats alike have been discussing the effects of tax reform, albeit reaching…
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Oklahoma Creates New Credits for Vehicle Manufacturing Industry
For tax years 2019-2025, Oklahoma has created three new income tax credits for employers and employees in the vehicle manufacturing industry. In order to qualify…
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Massachusetts Provides Estimated Tax Penalty Relief for IRC Sec. 965 Income
Massachusetts intends to waive tax penalties for the underpayment of estimated corporate excise tax on IRC Sec. 965 income. What is the IRC Sec. 965…
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Indiana Revises Corporate Income Tax Rate Calculation and Credit
Indiana enacted legislation amending the corporate income rate calculation and the industrial recovery tax credit. The law: allows corporate taxpayers to calculate the rate they…
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Arizona Imposes Tax on Sales of Food by Mobile Vendors
Arizona has enacted legislation imposing tax on sales of food by mobile food units. Mobile food units now fall under the restaurant classification for sales…
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No Enforceable Right to IRS Appeals Review under TBOR (Facebook, Inc., DC Calif.)
A social media company did not have an enforceable right to IRS Appeals review of its tax case. Therefore, the taxpayer lacked standing to compel…
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House Lawmakers Examine Tax Reform
House tax writers continue to dispute the effects of tax reform. The House Ways and Means Committee held a May 16 hearing examining the Tax…
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