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Law360 Will Track 2024 Ballot Measures On Real-Time Map

by usoftax_admin | Oct 18, 2024 | Tax News

As citizens across the country weigh in on federal, state and local elections this November, Law360’s 2024 ballot measure map will track election results for tax-related ballot measures in real time. Here, Law360 dives into what’s on the ballots in...

Fla. Extends Dyed Fuel Penalty Waiver After Milton

by usoftax_admin | Oct 18, 2024 | Tax News

Florida is extending its temporary waiver of penalties for businesses and individuals that use or sell dyed diesel fuel for on-highway use through Oct. 30 in response to Hurricane Milton, the state Department of Revenue said.

IRS Releases Sustainable Airplane Fuel Credit Guidance

by usoftax_admin | Oct 18, 2024 | Tax News

Taxpayers using a certain safe harbor to calculate their emissions reduction percentage with regard to sustainable airplane fuel credit claims on the sale or use of qualified mixtures after a certain date must use an updated model, the IRS said Friday.

San Francisco Tax Measures Could Mean Big Changes For Biz

by usoftax_admin | Oct 18, 2024 | Tax News

San Francisco voters could significantly change the city’s business climate next month if they approve two ballot measures, one that would overhaul the city’s gross receipts tax and increase rates for larger businesses and another that would impose an...

Ind. City Can’t Levy Additional Property Tax For Shortfall

by usoftax_admin | Oct 18, 2024 | Tax News

A city in Indiana cannot levy an additional property tax of nearly $1 million to make up for budget shortfalls because those shortfalls do not qualify for the granting of an excess levy, the Indiana Tax Court ruled.

Minn. Tax Court Refuses Big Changes To Parking Lot’s Value

by usoftax_admin | Oct 18, 2024 | Tax News

The Minnesota Tax Court lowered the assessed value of a parking lot property by about $200,000 to $11.7 million, rejecting arguments for larger changes by the property owner and a county.
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