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Md. House OKs Extending Tax Exemption For Aircraft Parts

by usoftax_admin | Apr 4, 2024 | Tax News

Maryland would extend a sales tax exemption for aircraft parts and equipment under a bill passed in the House of Delegates on Thursday.

Fla. Revenue Collection Through Feb. $292M Above Estimate

by usoftax_admin | Apr 4, 2024 | Tax News

Florida collected $292 million more in net revenue from July through February than the amount the state had forecast, according to a monthly revenue report by the state’s Office of Economic and Demographic Research.

Mo. Senate Advances Referendum On Digital Products Tax

by usoftax_admin | Apr 4, 2024 | Tax News

Missouri voters would decide in November whether to allow the state to tax sales of subscriptions and licenses for digital products under a joint resolution approved Thursday by the state Senate.

Attys Awarded $1.5M In Fees On Tax Disclosure Suit

by usoftax_admin | Apr 4, 2024 | Tax News

Attorneys who won a $4.5 million settlement for a class of investors claiming a Chinese startup misrepresented its tax liability will receive their requested $1.5 million in attorney fees, a New York federal judge ruled.

Va. Ups Income Tax Credits For Landlords In Housing Program

by usoftax_admin | Apr 4, 2024 | Tax News

Virginia doubled the maximum amount of income tax credits that may be issued to qualifying landlords who participate in a housing choice voucher program under a bill signed by Gov. Glenn Youngkin.

IRS Pushes Back Deadlines For Some RI Taxpayers

by usoftax_admin | Apr 4, 2024 | Tax News

Taxpayers in three Rhode Island counties will have until July to file federal tax returns and make payments under an extension granted because of January storms and flooding, the Internal Revenue Service said Thursday.
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