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Colo. Lawmakers Approve Extended Property Tax Cuts

by usoftax_admin | May 9, 2024 | Tax News

Colorado would extend its current temporary property tax rate reductions into 2024 and would lower tax rates for future years under legislation passed by Colorado lawmakers that could save property owners about $1 billion in its first year.

Plumbing Co. Owner Cops To Tax Scheme Tied To Gold Bars

by usoftax_admin | May 9, 2024 | Tax News

The co-owner of a Boston plumbing supply company pled guilty Thursday to underreporting his business and personal income, after prosecutors said he plowed some of the unreported receipts into $10 million worth of gold and silver bars.

Va. Cos.’ Agent Can Add Info In Tax Suit, Commissioner Says

by usoftax_admin | May 9, 2024 | Tax News

A taxpayer who served as the buying agent for companies that provide mobile communications services to customers in Virginia may offer additional documentation to resolve a disputed retail sales and use tax assessment that resulted from an audit, the state tax...

Apple Tells Court Md. Digital Ad Tax Violates Federal Law

by usoftax_admin | May 9, 2024 | Tax News

Maryland’s tax on digital advertising unlawfully discriminates against electronic commerce and violates the commerce clause of the U.S. Constitution, Apple told the Maryland Tax Court during oral arguments Thursday.

NYC Pizzeria Owes Sales Tax On Bulk Sale Purchase Of Biz

by usoftax_admin | May 9, 2024 | Tax News

A New York City pizzeria is liable for sales tax owed to the state by a business it purchased, an administrative law judge said in a determination released Thursday.

Kentucky Tax Talk: Budget Focus Cools Tax Reform Efforts

by usoftax_admin | May 9, 2024 | Tax News

There were some noteworthy tax developments during Kentucky’s legislative session — like the revival of local tax reform and enactment of another tax amnesty program — but major tax initiatives, like those seen in recent years, were largely tabled as legislators...
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