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Miss. To Lower Sales Tax Rate For Oil Cos.’ Purchases

by usoftax_admin | May 10, 2024 | Tax News

Mississippi will reduce the sales tax rate for equipment and services used to drill, survey or explore for oil, natural gas and other minerals to 4.5% as part of a bill signed by the governor.

Colo. Lawmakers OK Quantum Tech Investment Tax Credits

by usoftax_admin | May 10, 2024 | Tax News

Colorado would create a pair of tax credits to promote investment in quantum technology development facilities by entities receiving certain federal grants under legislation passed by the state Senate and heading to the governor.

DC Tax Atty. Can’t Use Ch. 7 To Ditch Depo In $19M Theft Suit

by usoftax_admin | May 10, 2024 | Tax News

A corporate D.C. tax attorney accused of bilking a former client out of $19 million via a captive insurance scam will be deposed, despite a stay in the Maryland federal case against him and his firm after both filed for bankruptcy.

NY Senate Bill Seeks Excise Tax On To-Go Alcohol

by usoftax_admin | May 10, 2024 | Tax News

New York would impose a 5% excise tax on sales of to-go alcoholic drinks under a bill introduced in the state Senate, with funds from the tax to be put toward substance use education and treatment programs.

E-Discovery Quarterly: Recent Rulings On Text Message Data

by usoftax_admin | May 10, 2024 | Tax News

Electronically stored information on cellphones, and in particular text messages, can present unique litigation challenges, and recent court decisions demonstrate that counsel must carefully balance what data should be preserved, collected, reviewed and produced, say...
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