A petition for review was granted in the following case: C.J. Marinello, II, CA-2, 2016-2 ustc ¶50,453 —An individual who owned and operated a freight service that transported items to and from the United States and Canada was properly convicted and sentenced for corruptly obstructing the administration of the tax laws. The government was not […]

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Senate Republican Leadership on June 27 decided to delay bringing the Better Care Reconciliation Act of 2017 to the Senate floor after originally planning for a vote this week (TAXDAY, 2017/06/27, C.1). The measure proposes to repeal and replace, in part, the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) and related taxes (TAXDAY, […]

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Beginning October 1, 2017, sales of platinum, gold, and silver bullion that is valued solely upon its precious metal content, whether in coin or ingot form, are excluded from all Louisiana state sale and use taxes. This full exclusion from state tax also applies to numismatic coins that have a sales price of no more […]

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Louisiana Gov. John Bel Edwards has signed legislation that expands eligibility for the inventory tax credit against franchise and income taxes to include tangible personal property owned by a retailer that is available for or subject to a short-term rental and that will subsequently or ultimately be sold by the retailer. A “short-term rental” is […]

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CCH Tax Day Report Louisiana Gov. John Bel Edwards has signed legislation that makes various changes to the corporate and personal income tax credit for research and development expenses. The changes apply to tax years beginning on or after January 1, 2017. The legislation reduces the credit rates from 40% to 30% of difference between […]

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CCH Tax Day Report Applicable on and after January 1, 2018, the threshold filing amounts for retailers to submit sales and use tax returns to the Kansas Department of Revenue are increased. The threshold filing amounts are increased as follows: — when the total sales and use tax for which any retailer is liable does […]

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