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NM Gov. Proposes Manufacturer Credit For Clean Energy Cos.

by usoftax_admin | Jan 18, 2024 | Tax News

New Mexico’s governor called for creating an advanced manufacturing tax credit for clean energy companies and establishing a hospital provider tax to assist the state’s healthcare system as part of her State of the State address.

Okla. Gov. Calls Special Session For Income Tax Cut Plan

by usoftax_admin | Jan 18, 2024 | Tax News

Oklahoma will begin a special legislative session at the governor’s request to vote on a 0.25-percentage-point cut to the state’s individual income tax rates, the governor’s office said in a news release. 

Ga. Proposed Reg Conforms Consolidated Tax Return Rules

by usoftax_admin | Jan 18, 2024 | Tax News

Georgia affiliated groups that want to file consolidated corporate income tax returns will no longer have to petition the state’s revenue commissioner, as group members can instead elect to file that way on their most recent returns, the state Department of...

Iowa Tax Agency OKs Regs For Retirement Income Exclusion

by usoftax_admin | Jan 18, 2024 | Tax News

Iowa will implement a recently enacted law that exempts retirement income from tax under regulations adopted by the state Department of Revenue.

Neb. Gov. Pledges Property Tax Relief In Yearly Address

by usoftax_admin | Jan 18, 2024 | Tax News

Nebraska’s governor pledged Thursday to close tax loopholes and get rid of special tax breaks in order to fund property tax relief during his second State of the State address.

ATO releases critical guidance on software related payments and intangibles migration arrangements

by usoftax_admin | Jan 18, 2024 | Tax News

Jock McCormack of DLA Piper Australia reviews crucial new government guidance on tax and related issues involved with software licensing and distribution and intangibles migration arrangements
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