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Ark. High Court Says Credit Applies To Entire Tax Liability

by usoftax_admin | Mar 8, 2024 | Tax News

An Arkansas historic preservation tax credit should be applied to all of a taxpayers’ liability, not just the tax liability in Arkansas, the state Supreme Court said.

Fla. Lawmakers OK Budget With Insurance, Sales Tax Breaks

by usoftax_admin | Mar 8, 2024 | Tax News

Florida is slated to renew a slew of sales tax holidays, provide a one-year insurance tax cut and extend the time period for taxpayers to seek tax settlements after a death or natural disaster under a $117.5 billion budget the state Legislature approved Friday.

NH Total Receipts Up $115M From Budget Estimates

by usoftax_admin | Mar 8, 2024 | Tax News

New Hampshire collected $115 million more in revenue from July through February than forecast, according to a monthly report by the state Department of Administrative Services.

Colombia Issues Guidance On Wealth, Environment Taxes

by usoftax_admin | Mar 8, 2024 | Tax News

Colombia’s new wealth tax and adjustments to environmentally focused taxes passed in a wide-ranging 2022 bill were among the subjects of guidance published by the country’s tax agency.

W.Va. Revenue Collection Beats Projections By $428M

by usoftax_admin | Mar 8, 2024 | Tax News

West Virginia general revenue collection from July through February was $428 million higher than budget estimates, but lower than collections in the same period the previous fiscal year, according to a report by the state Budget Office.

Vt. General Revenue Collection Up $24M From Last Year

by usoftax_admin | Mar 8, 2024 | Tax News

Vermont’s general revenue collection from July through January was up $24 million compared with the same period in the last fiscal year, the state Agency of Administration said in its monthly report.
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