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Colo. To Charge Oil, Gas Fees Based On Spot Prices

by usoftax_admin | May 16, 2024 | Tax News

Colorado will levy new fees on oil and gas producers based on the spot price of a barrel of oil or natural gas under legislation signed into law Thursday by Gov. Jared Polis.

CBRE Biz’s Software Liable For NY Sales Tax, Judge Rules

by usoftax_admin | May 16, 2024 | Tax News

A facilities management business owned by CBRE is liable for New York sales tax on its bundled services, which included sales of prewritten software, an administrative law judge said in a determination released Thursday.

TCJA Renewal Tied To Fate Of Senate Bill, Finance Chair Says

by usoftax_admin | May 16, 2024 | Tax News

If Senate lawmakers can’t pass a bipartisan House bill extending three business provisions and expanding a child tax credit, the hope of a larger deal to renew the 2017 GOP tax overhaul next year seems unlikely, the chair of the Senate Finance Committee said...

Iowa To Give Tax Break For Gains From Livestock Sales

by usoftax_admin | May 16, 2024 | Tax News

Iowa taxpayers that make more than half of their income from farming will be able to exclude the capital gains from sales of cattle or horses from income under a bill signed by the governor. 

House Ways And Means To Discuss Rust Belt Economy

by usoftax_admin | May 16, 2024 | Tax News

The House of Representatives’ Ways and Means Committee will meet to discuss economic opportunities in the Rust Belt region May 20, the committee said Thursday.

Firm Seeks To Force IRS To Process Worker Retention Credits

by usoftax_admin | May 16, 2024 | Tax News

A tax advisory firm helping businesses apply for the pandemic-era employee retention credit has asked an Arizona federal court to force the IRS to resume processing claims, saying the moratorium in place since September violates the Administrative Procedure Act.
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