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Congress Should Pass Sex Abuse Settlement Tax Exemptions

by usoftax_admin | Jan 27, 2025 | Tax News

The proposed Survivor Justice Tax Prevention Act would expand tax exemptions more clearly for sexual abuse cases, and finally remove the stigma around compensation for emotional and psychological damage, says Rocco Strangio at Milestone & Co.

Md. Senate Bill Would Bar Taxes On Vehicle Miles

by usoftax_admin | Jan 27, 2025 | Tax News

Maryland would prohibit state and local taxes or fees based on vehicle miles traveled under a bill introduced in the state Senate.

Mo. Elderly Housing Property Ruled Tax-Exempt

by usoftax_admin | Jan 27, 2025 | Tax News

A Missouri apartment building made up of low-income units for elderly residents is exempt from tax because it is used for charitable purposes, the state tax commission ruled.

RI Senate Bill Would Exempt Taxi, Pet Services From Sales Tax

by usoftax_admin | Jan 27, 2025 | Tax News

Rhode Island would exempt taxicab services and pet care services from the state’s sales tax under a bill introduced in the state Senate.

Mo. Tax Commission Lowers T-Mobile Towers’ Value

by usoftax_admin | Jan 27, 2025 | Tax News

Two T-Mobile cell towers in Missouri should have their value lowered after the company provided a thorough inspection that properly accounted for depreciation, the state’s tax commission ruled.
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