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Ark. Senate Bill Would Lower Minimum Corp. Franchise Tax

by usoftax_admin | Feb 20, 2025 | Tax News

Arkansas would reduce its minimum corporate franchise tax rate by $50 under a bill introduced in the state Senate.

Ark. House Bill Would Increase Homestead Tax Credit

by usoftax_admin | Feb 20, 2025 | Tax News

Arkansas would increase its homestead tax credit by $100 under a bill introduced in the state House of Representatives.

‘Pillar two is a tameable beast’ – lessons from early implementation

by usoftax_admin | Feb 19, 2025 | Tax News

A step-by-step process to manage pillar two, tax auditors’ approach to the requirements, and a summary of the data management options are among the talking points as ITR drops in on a wide-ranging webinar presented by BDO

Energy Credit Market Still Robust Amid Uncertainty, Attys Say

by usoftax_admin | Feb 19, 2025 | Tax News

Companies continue to buy and sell valuable tax credits earned from large-scale clean energy tax development projects despite President Donald Trump’s active efforts to undermine renewable energy and cut the federal workforce administering the incentives,...

NY Vows To Fight Trump’s Bid To Kill Congestion Pricing

by usoftax_admin | Feb 19, 2025 | Tax News

New York officials vowed to continue implementing congestion pricing after the Trump administration moved to kill the program Wednesday, teeing up an intense legal battle by swiftly launching a counterattack in federal court to preserve the tolls on all vehicles...

Mo. Senate Panel Advances Plan For Scrapping Income Tax

by usoftax_admin | Feb 19, 2025 | Tax News

A Missouri Senate committee advanced a proposal Wednesday that would ask voters to approve eliminating the state’s personal income tax and phasing out its corporate income tax in exchange for an expanded sales tax base with a lower general rate.
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