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States Must Nix Worldwide Combined Reporting, COST Says

by usoftax_admin | Mar 8, 2024 | Tax News

States showing glimmers of interest in the corporate tax reporting regime known as mandatory worldwide combined reporting are going down the wrong path as are the think tanks that support the method, the Council on State Taxation said in a report released...

Ore. Tax Court Rejects Claim Of Bad Property Conditions

by usoftax_admin | Mar 8, 2024 | Tax News

A homeowner who claimed his property was plagued by degradation and other negative conditions did not put forward enough evidence to lower a local assessor’s valuation, the Oregon Tax Court said.

Ky. House OKs Requiring Tax Agency To Upload Rulings

by usoftax_admin | Mar 8, 2024 | Tax News

Kentucky would require the state Department of Revenue to upload administrative writings onto its official website under a bill passed in the state House of Representatives.

Nev. Sales Tax Revenue In Dec. Rises $15M From Prior Year

by usoftax_admin | Mar 8, 2024 | Tax News

Nevada sales tax revenue in December was more than $15 million higher than in the same month a year ago, the state Department of Taxation said in a monthly report.

​​​​​​​Certain Tax Policy Can Improve Taxpayer Incentives, JCT Says

by usoftax_admin | Mar 8, 2024 | Tax News

Tax policy affecting marginal tax rates can enhance taxpayers’ incentives to work, save and invest their earnings, the Joint Committee on Taxation said in a report published Friday.

Minn. Biz Groups Urge Rejection Of Tax Disclosure Bill

by usoftax_admin | Mar 8, 2024 | Tax News

Business groups urged a Minnesota House panel to reject legislation that would require the disclosure of certain corporate franchise tax information of large companies.
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