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NJ Pitches Rule Allocating Tax On Nonresident Stock Options

by usoftax_admin | May 6, 2024 | Tax News

New Jersey would create a formula for calculating a nonresident’s state tax liability on compensation from stock options under a proposed regulation issued Monday.

NJ Justices Erase Gov’t Workplace Probe Confidentiality Rule

by usoftax_admin | May 6, 2024 | Tax News

The New Jersey Supreme Court on Monday struck down part of a state statute that directs investigators to request, but not require, confidentiality in discrimination or harassment investigations involving state workers, ruling the provision still reached too far and...

Texas Net Revenue Down Through April, Comptroller Says

by usoftax_admin | May 6, 2024 | Tax News

Texas’ net revenue collection from September through April dropped compared with the same period last fiscal year, the state comptroller’s office said in a monthly report.

Engineering Co. Can’t Claim Research Credits, 8th Circ. Says

by usoftax_admin | May 6, 2024 | Tax News

The Eighth Circuit declined Monday to revive an engineering company’s bid for research tax credits for its work on several building projects, finding the credits are limited to endeavors where funding is contingent on the success of the research.

Colo. Lawmakers OK Land Cleanup Tax Credit Extension

by usoftax_admin | May 6, 2024 | Tax News

Colorado would extend its income tax credit for certain costs of environmental remediation of contaminated property for five years under legislation approved unanimously Monday by the state Senate and sent to the governor.

NY Tax Talk: Primary Function Is Key Analysis For Sales Tax

by usoftax_admin | May 6, 2024 | Tax News

Two sales tax cases recently decided by New York’s Appellate Division illustrate why both taxpayers and the state’s Department of Revenue subscribe to the primary function test, a logical way to determine whether business transactions are subject to sales...
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