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Okla. House OKs Expanding Industrial Development Tax Break

by usoftax_admin | Apr 23, 2024 | Tax News

Oklahoma would expand a tax credit for qualified economic development expenditures in industrial parks, removing a limit on the credit, under a bill passed in the House and headed to the governor.

Disney, IBM Stuck With Tax On Royalties, NY Top Court Holds

by usoftax_admin | Apr 23, 2024 | Tax News

New York’s highest court rejected Disney and IBM’s arguments that the state unconstitutionally denied their attempts to take tax deductions on royalties received from foreign affiliates, holding Tuesday that the law at issue didn’t discriminate...

Dentons Adds Ex-Jones Walker SALT Atty To Ala. Office

by usoftax_admin | Apr 23, 2024 | Tax News

Dentons Sirote said it has added a state and local tax shareholder who was previously a partner at Jones Walker LLP to the tax practice in its Birmingham, Alabama, office.

Atty Can Deduct $303K In Racing Ad Costs, 10th Circ. Told

by usoftax_admin | Apr 23, 2024 | Tax News

A Colorado attorney asked the Tenth Circuit to reverse a U.S. Tax Court decision that prevented him from deducting $303,000 in advertising expenses tied to his automobile racing, saying the lower court incorrectly ruled that the costs were related to a hobby rather...

Ark. Sales Tax Applies To Flight Tours, Dept. Says

by usoftax_admin | Apr 23, 2024 | Tax News

A company that operates aircraft sightseeing tours out of an Arkansas airport is properly charging sales tax on each reservation, the state Department of Finance and Administration said in a letter. 

Colo. Panel OKs Ballot Measure To Cap Property Tax Hikes

by usoftax_admin | Apr 23, 2024 | Tax News

Colorado voters could decide whether to limit local property tax revenue growth under a ballot measure proposed in a resolution approved by a House panel.
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