by usoftax_admin | Feb 7, 2024 | Tax News
Groton is the only community in Connecticut that has ever imposed taxes on FuelCell Energy Inc.’s power plants, and adhering to the town’s interpretation of two exemption statutes would create an “absurd” result that discourages the manufacture... by usoftax_admin | Feb 7, 2024 | Tax News
The federal government and a telecommunications company remain at odds over how much tax is owed following a ruling in a different case that the company wasn’t entitled to a $109 million refund because it exploited a tax loophole, a Colorado federal judge heard... by usoftax_admin | Feb 7, 2024 | Tax News
Mississippi would exempt from ad valorem tax personal property owned by businesses that is valued at less than $25 under a bill introduced Wednesday in the state House of Representatives. by usoftax_admin | Feb 7, 2024 | Tax News
Oklahoma would replace the state’s graduated income tax with a 4.25% flat income tax under a bill introduced in the state House of Representatives. by usoftax_admin | Feb 7, 2024 | Tax News
Professionals involved in real estate transfers in the U.S. would be required to report on the beneficial owners of trusts and other legal entities that receive residential property in any all-cash transactions under draft regulations released Wednesday that aim at... by usoftax_admin | Feb 7, 2024 | Tax News
Michigan Gov. Gretchen Whitmer proposed creating a $100 million research and development tax credit program to encourage business growth in state budget recommendations that she unveiled Wednesday.