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Ariz. Bill Seeks Tax Breaks, Encourages Homeless Abatement

by usoftax_admin | Jan 16, 2024 | Tax News

Republican state lawmakers in Arizona introduced a bill that would give property owners impacted by public nuisances related to homeless encampments the right to a property tax refund equal to the amount their property lost value or expenses incurred to mitigate the...

NJ Rips Feds, NYC Over ‘Unconstitutional’ Congestion Pricing

by usoftax_admin | Jan 16, 2024 | Tax News

New Jersey said Tuesday that New York’s plan to charge all drivers a fee to enter midtown Manhattan unlawfully discriminates against lower-income Garden State drivers, as it sought permission to add two plaintiffs to its federal lawsuit seeking to block New...

Calif. General Revenue Through December Down $28.2B

by usoftax_admin | Jan 16, 2024 | Tax News

California’s general revenue collections from the start of the fiscal year through December were $28.2 billion lower than estimated, with the decline driven largely by weaker-than-expected corporate and personal income tax collection, according to the state...

W.Va. Bill Would Bar Municipalities From Imposing B&O Tax

by usoftax_admin | Jan 16, 2024 | Tax News

West Virginia would bar municipalities from levying business and occupation or privilege tax, under a bill introduced in the state House of Delegates.

Hochul Floats Pot Tax Overhaul, Rejects Tax Hikes In Budget

by usoftax_admin | Jan 16, 2024 | Tax News

New York would replace its potency-based cannabis tax system with a simpler wholesale tax structure under a $233 billion budget plan that Gov. Kathy Hocul unveiled Tuesday while pledging to reject any income tax increases.

UK Businesses Favor Aligning Transfer Pricing With OECD

by usoftax_admin | Jan 16, 2024 | Tax News

Businesses and other stakeholders responding to proposed U.K. tax reforms generally supported bringing the country’s transfer pricing, permanent establishment and diverted profits tax regimes closer to OECD standards, according to a summary of comments released...
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