by usoftax_admin | Jun 25, 2024 | Tax News
Gov. Gavin Newsom vigorously defended his state’s fiscal policy Tuesday, declaring that California is not a high-tax state despite having the nation’s highest overall individual income tax burden and highest gas tax. by usoftax_admin | Jun 25, 2024 | Tax News
A jewelry company’s one-day-late filing of a petition for reconsideration of an employment tax determination does not deprive the U.S. Tax Court of jurisdiction in the case, the court said Tuesday, denying the IRS’ attempt to get the case tossed. by usoftax_admin | Jun 25, 2024 | Tax News
Bristol-Myers Squibb asked the New Jersey Tax Court to reverse the state’s upholding of a $4.6 million nonresidential development fee on renovations to buildings on a 91-acre campus, arguing the improvements were excluded from the levy. by usoftax_admin | Jun 25, 2024 | Tax News
Hawaii conformed its income tax and estate and generation-skipping transfer tax laws to the federal tax code as amended through 2023 under a bill signed by the governor. by usoftax_admin | Jun 25, 2024 | Tax News
The Ohio Department of Revenue published a proposed regulation outlining how the state will administer cannabis taxes, including assessment processes and recordkeeping requirements. by usoftax_admin | Jun 25, 2024 | Tax News
A proposed Pennsylvania regulation outlining what constitutes apportionable business income improperly suggests that the state could enforce combined reporting and ignore precedent limiting the taxation of multistate corporations, a business advocacy group and chair...