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Mich. Senate Bill Seeks Biz Tax Break For Organ Donor Leave

by usoftax_admin | May 30, 2024 | Tax News

Michigan businesses that offer employees paid leave to donate organs would be able to receive a tax credit under a bill introduced in the state Senate on Thursday.

Maine Revenues Through April Down $102M From Forecast

by usoftax_admin | May 30, 2024 | Tax News

Maine’s revenue collection from July through April missed budget projections by $102 million, according to the state Department of Administrative and Financial Services.

Ariz. Looks To Keep Rebate Tax Fight With IRS Alive

by usoftax_admin | May 30, 2024 | Tax News

Arizona’s one-time income tax rebates last year should not be subject to federal tax, the state told a federal court, urging it to reject the Internal Revenue Service’s push to dismiss the state’s suit challenging the taxation.

Later Pillar 1 Due Date Set For June As Tax Talks Wrap Up

by usoftax_admin | May 30, 2024 | Tax News

Diplomats agreed this week to finalize a treaty for reallocating some of large companies’ tax payments and setting standards to simplify some transfer pricing in lower-income countries by June 30 after having missed a March deadline, according to a statement...

Colorado Extends Rural Jump-Start Tax Credits

by usoftax_admin | May 30, 2024 | Tax News

Colorado extended income tax credits for certain new businesses and new hires through 2030 under a bill signed by Democratic Gov. Jared Polis.

Mass. Foreclosure Law May Be Unconstitutional, Judge Says

by usoftax_admin | May 30, 2024 | Tax News

A Massachusetts law blocking towns and cities from returning excess funds from foreclosure sales may be an unconstitutional taking, a federal judge has said.
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