by usoftax_admin | Mar 27, 2024 | Tax News
Some supporters of the Internal Revenue Service’s proposed rules for the clean hydrogen production tax credit encouraged the agency Wednesday to maintain strict qualification criteria for the incentive to further discourage the use of fossil fuels in the... by usoftax_admin | Mar 27, 2024 | Tax News
Kansas would change its income tax structure, lower its bank tax, exempt food from state sales tax and issue property tax relief under a bill passed Wednesday by the state House of Representatives. by usoftax_admin | Mar 27, 2024 | Tax News
Officials with the city of Pittsburgh announced Wednesday that they will file challenges to tax exemptions for more than 100 properties within the city, claiming that they are no longer owned by nonprofits or serving a charitable function and should put up to $14... by usoftax_admin | Mar 27, 2024 | Tax News
A New York county with limited access to the Metropolitan Transportation Authority’s service system jumped into the litigation fray against New York City’s congestion pricing plan, arguing that the proposed charges for driving into portions of Manhattan... by usoftax_admin | Mar 27, 2024 | Tax News
Tennessee would change the state’s corporate franchise tax going forward and rebate more than $800 million in past taxes under legislation passed Wednesday by a House panel with a smaller price estimate than its Senate counterpart. by usoftax_admin | Mar 27, 2024 | Tax News
Tax legislation pending in the Senate would retroactively end the employee retention tax credit program and leave businesses with a legitimate need for the credit out in the cold, but lawmakers say the move is necessary given the magnitude of fraud in the...