by usoftax_admin | Aug 30, 2024 | Tax News
The Michigan Supreme Court will not review a lower appeals court’s decision that found a revenue-triggered cut to the state’s income tax rate in 2023 was in effect for only one year, the justices said Friday. by usoftax_admin | Aug 30, 2024 | Tax News
A Michigan property’s valuation was properly uncapped because the transfer of ownership that followed the death of an owner nullified a state limit on valuation increases, a state appeals court said, affirming a tax tribunal decision. by usoftax_admin | Aug 30, 2024 | Tax News
In this week’s Taxation With Representation, Oneok reaches two agreements with energy infrastructure companies worth a total $5.9 billion, McKesson inks a $2.49 billion deal for a cancer center, and First Busey and CrossFirst Bankshares agree to a $917 million... by usoftax_admin | Aug 30, 2024 | Tax News
Michigan general fund revenues from October 2023 through July 2024 decreased by $504 million from last fiscal year, the state Budget Office said Friday. by usoftax_admin | Aug 30, 2024 | Tax News
A Nebraska tax deduction for certain dividends doesn’t apply to income repatriated under the 2017 federal tax overhaul, the state Supreme Court affirmed Friday in rejecting arguments from a Berkshire Hathaway entity that the state’s tax system excluded the...