National Taxpayer Advocate, Nina E. Olson, has released her midyear report to Congress. The report contains a review of the 2017 Filing Season, identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year, and contains the IRS’s responses to each of the 93 administrative recommendations the Advocate made in […]

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President Trump discussed the Senate Republicans’ healthcare overhaul initiative during a June 28 meeting at the White House with tribal leaders on energy. Trump met with 50 Republican senators at the White House on June 27 (TAXDAY, 2017/06/28, C.1). “Yesterday, we had a tremendous meeting with Republican senators on health care. The meeting went really […]

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North Carolina Gov. Roy Cooper has vetoed the biennium budget bill for fiscal years 2017-2019, which would have reduced corporate income tax rates from 3% to 2.5% and the personal income tax rate from 5.499% to 5.25% for taxable years beginning on or after January 1, 2019. The bill sent to the governor is a […]

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Louisiana Gov. John Bel Edwards has signed legislation that makes various changes to the Quality Jobs Program, which provides corporate income tax, personal income tax, franchise tax, and sales and use tax credits and rebates. In addition, the legislation modifies the termination dates for certain other tax exemption, credit, or rebate programs. Quality Jobs Program […]

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Louisiana Gov. John Bel Edwards has signed legislation that replaces the rebate for donations to school tuition organizations (STOs) with a nonrefundable income tax credit that is equal to the actual amount of the taxpayer’s donation used by an STO to fund a scholarship, exclusive of administrative costs. The credit applies to donations made after […]

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A Florida sales and use tax exemption is enacted for marijuana and marijuana delivery devices. “Marijuana” is defined as all parts of any plant of the genus Cannabis, whether growing or not, the seeds of that, the resin extracted from any part of the plant, and every compound, manufacture, salt, derivative, mixture, or preparation of […]

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