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Final Treasury Regs Grow Low-Income Bonus Energy Credits

by usoftax_admin | Jan 8, 2025 | Tax News

New hydropower, nuclear, solar, geothermal and other nonpolluting energy facilities developed in areas designated as low-income communities are eligible for bonus investment tax credits under final regulations the U.S. Treasury Department unveiled Wednesday.

La. Revenue Dept. Stops Mailing Sales Tax Return Forms

by usoftax_admin | Jan 8, 2025 | Tax News

The Louisiana Department of Revenue announced Wednesday that it will no longer mail state sales tax return forms to businesses, saying taxpayers can either file and pay the taxes electronically or download copies of the return on their own.

Amazon Defends Pre-Wayfair Tax Stance At SC High Court

by usoftax_admin | Jan 8, 2025 | Tax News

Amazon’s reading of a South Carolina law concerning which businesses were required to collect and remit sales tax prior to the landmark Wayfair decision is reasonable, and the state’s highest court should rely on it, the online retail giant told the South...

ND Senate Bill Would Require Disclosure Of Any Tax Incentive

by usoftax_admin | Jan 8, 2025 | Tax News

North Dakota would require the state tax commissioner to disclose information about any tax incentive claimed by a taxpayer at the request of certain lawmakers as part of a bill the state Senate’s Finance and Taxation Committee considered Wednesday.

Madigan Denies Extorting Developers For Law Firm Business

by usoftax_admin | Jan 8, 2025 | Tax News

Ex-Illinois House Speaker Michael Madigan testified Wednesday that he never wanted a Chicago alderman to leverage his chairmanship of a powerful city council committee to steer business to Madigan’s law firm, saying he merely asked for introductions to...
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