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Ore. Vineyard Can’t Deduct Biz Losses Exceeding Income

by usoftax_admin | Mar 25, 2025 | Tax News

An Oregon vineyard cannot deduct business loss expenses that are in excess of the business’ income because it was not operating for a profit, the state tax court affirmed.

ND General Revenue Collection Up $72M From Estimates

by usoftax_admin | Mar 25, 2025 | Tax News

North Dakota’s general revenue collection from July 2023 through February 2025 beat forecasts by $72 million, according to the state Legislative Council.

Ariz. General Fund Revenue Tops Forecast By $61M

by usoftax_admin | Mar 25, 2025 | Tax News

Arizona’s general fund revenue from July through February outpaced a budget forecast by roughly $61 million, according to a report by the state’s Joint Legislative Budget Committee.

Ky. Bars Added Taxes On Digital Assets Used For Payments

by usoftax_admin | Mar 25, 2025 | Tax News

Kentucky barred the imposition of additional taxes on digital assets used for payments based solely on the use of the assets as a payment method under a bill signed by Gov. Andy Beshear.

Mich. Justices Partially Side With Disney In Escheat Fight

by usoftax_admin | Mar 24, 2025 | Tax News

The Michigan Supreme Court ruled Monday that the state’s audits of Disney and of IHOP’s owner didn’t pause the statute of limitations to require remittance of unclaimed property, but it said a lower court must determine whether the statute resets...
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