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Mich. Bills Would Exempt Catering For Nonprofit Fundraisers

by usoftax_admin | Mar 15, 2024 | Tax News

Michigan would exempt catered fundraiser meals for nonprofits from state sales and use tax under bills introduced in the state House of Representatives.

IRS Asked To Change Effective Date In Part-Time Worker Rule

by usoftax_admin | Mar 15, 2024 | Tax News

The effective date for proposed IRS rules on participation of long-term, part-time employees in retirement plans would violate administrative law if not changed in final regulations, an attorney speaking for a benefits organization told the agency and the U.S....

Okla. Senate Passes Gov. Contractor Sales Tax Exemption

by usoftax_admin | Mar 15, 2024 | Tax News

Oklahoma would exempt sales of personal property to contractors working on behalf of government entities from sales tax as part of a bill passed by the Senate.

Applicable Federal Interest Rates To Rise In April

by usoftax_admin | Mar 15, 2024 | Tax News

Applicable federal rates for income tax purposes will rise in April, the Internal Revenue Service said Friday.

Md. Energy Storgage Credit Extension Passed By Senate

by usoftax_admin | Mar 15, 2024 | Tax News

Maryland would extend for two years a tax credit for the installation of residential or commercial energy storage systems under legislation passed by the state Senate.

The Tax Angle: House GOP Plots TCJA Renewal Strategy

by usoftax_admin | Mar 15, 2024 | Tax News

House Republicans left Washington this week for their annual two-day legislative issues conference, hoping to expand their control of the chamber in the upcoming November elections and planning their strategy for renewal of their historic 2017 tax overhaul law.
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