by usoftax_admin | Jan 6, 2025 | Tax News
The Biden administration’s new rules to make hydrogen production tax credits more accessible for project developers and investors may not move the needle much for the industry given President-elect Donald Trump’s vow to at least partially repeal the... by usoftax_admin | Jan 6, 2025 | Tax News
California Gov. Gavin Newsom pledged Monday not to raise taxes in the upcoming budget cycle for the state, while providing an early look at a $322 billion budget that differs from the previous two years by not having a deficit. by usoftax_admin | Jan 6, 2025 | Tax News
Part of Pennsylvania’s law regulating licenses for e-cigarette manufacturers is unconstitutional because it gives legislative power to the state’s Department of Revenue, an appellate court has ruled in an issue of first impression. by usoftax_admin | Jan 6, 2025 | Tax News
The House of Representatives will send a reconciliation bill to the Senate by the end of April that will include major Republican priorities, including the renewal of Tax Cuts and Jobs Act provisions scheduled to expire at the end of the year, House Speaker Mike... by usoftax_admin | Jan 6, 2025 | Tax News
The Virginia Department of Taxation correctly issued assessments to a woman for additional income tax after learning that the IRS had adjusted her federal returns and finding no record of amended state returns to report the federal changes, the state’s tax... by usoftax_admin | Jan 6, 2025 | Tax News
A Virginia retailer will get a final chance to provide documentation to claim exemptions and contest the findings of an audit of its sales and use tax liability, the state’s tax commissioner said.