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Ohio City Tax Exemption Isn’t Retroactive, Court Affirms

by usoftax_admin | Nov 21, 2024 | Tax News

An Ohio property in a reinvestment area is not eligible for a city’s tax exemption offered to remodeled homes, as the remodel was completed before the property was included in the reinvestment district, an Ohio appellate court affirmed Thursday.   

La. Parishes Can’t Change Property Values After Court Rulings

by usoftax_admin | Nov 21, 2024 | Tax News

Louisiana parish assessors lack the authority to unilaterally change a property’s assessment if they become aware of an error in the assessment after a local board or the state Tax Commission sets the property’s value, the state attorney general’s...

Tax Revenue Ratio Remained Steady In 2023, OECD Says

by usoftax_admin | Nov 21, 2024 | Tax News

The average tax-to-gross domestic product ratio across Organization for Economic Cooperation and Development countries remained relatively steady in 2023 compared with the year prior, the OECD said Thursday, even as they deal with challenges such as the increasing...

Fla. Nonprofit’s Admission Fees Tax-Exempt, Dept. Says

by usoftax_admin | Nov 21, 2024 | Tax News

A Florida nonprofit corporation that charges admission and membership fees for use of its facilities does not owe sales tax on the fees, the Florida Department of Revenue said in an advisement released Thursday.

MTC Panel Shelves Real-Time Sales Tax Audit Proposal

by usoftax_admin | Nov 21, 2024 | Tax News

The Multistate Tax Commission’s Audit Committee opted not to proceed with considering a tax practitioner’s proposal to develop a real-time sales tax audit program, but the project could be revisited after the intergovernmental organization fills vacant...
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