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Ariz. Lawmakers OK Making Tax Dept. Report New Stances

by usoftax_admin | Apr 16, 2025 | Tax News

Arizona would require its tax department to notify lawmakers if a proposed new interpretation or application of law would adversely affect taxpayers under legislation passed Wednesday by the state House of Representatives.

Ark. Lawmakers OK Income Tax Break For Biz Moves To State

by usoftax_admin | Apr 16, 2025 | Tax News

Arkansas would create an income tax credit for businesses that relocate their corporate headquarters to the state equal to up to 50% of a business’s payroll for qualifying employees under a bill approved by state lawmakers and headed to Gov. Sarah Huckabee...

NM Gov. Vetoes Bill Creating Quantum Facility Tax Credit

by usoftax_admin | Apr 16, 2025 | Tax News

New Mexico’s tax package proposing a new tax break for quantum facilities and reworking its earned income tax credit was vetoed by the governor.

Miss. Revenue Collection Through March Sinks $18M

by usoftax_admin | Apr 16, 2025 | Tax News

Mississippi’s general revenue collection from July through March dropped $18 million from the total for the same period last fiscal year, the state Department of Revenue reported.

IRS Publishes 2025 Average Residence Purchase Price Data

by usoftax_admin | Apr 16, 2025 | Tax News

The Internal Revenue Service published data Wednesday on the average purchase price for U.S. residences in different areas, which is used to determine whether bond interest can be excluded from gross income.

Ohio House Bill Would Allow Biz Tax Credit For Parental Leave

by usoftax_admin | Apr 16, 2025 | Tax News

Ohio employers would be able to claim a nonrefundable income tax credit for parental leave benefits offered to employees under a bill introduced in the state House of Representatives. 
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