CCH Tax Day Report The House has passed two additional tax credit bills related to the American Health Care Act (AHCA) (HR 1628) (TAXDAY, 2017/05/05, C.1). The House passed its first AHCA -related legislation on June 13 (TAXDAY, 2017/06/14, C.2). The Veterans Equal Treatment Ensures Relief and Access Now (VETERAN) Bill (HR 2372), passed in […]

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CCH Tax Day Report A Philadelphia ordinance amends the city’s wage and net profits tax by decreasing rates for residents and nonresidents. Specifically, for residents the tax on salaries, wages, commissions and other compensation is decreased from 3.9004% to 3.8907% beginning July 1, 2017. For nonresidents, the tax is reduced from 3.4741% to 3.4654%. Further, […]

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CCH Tax Day Report Corporate members of an out-of-state limited liability company (LLC) that solicited sales in New Mexico were liable for New Mexico corporate income tax on income earned by the LLC because the New Mexico activities were not limited to sales solicitation, and the corporate members had sufficient nexus with Mexico due to […]

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CCH Tax Day Report Illinois Gov. Bruce Rauner has called a 10-day special session to vote on a compromise budget plan that will, among other things, “end the budget impasse” and provide property tax relief, according to the governor’s release. The governor’s announcement did not identify any specifics on the property tax relief proposed and […]

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CCH Tax Day Report A municipality that owns and operates public marinas was exercising a traditional municipal function that carries a presumption of exempt status and, as such, those marinas were exempt from Florida property taxes under Article VII, Section 3(a) of the Florida Constitution. That provision states that all property owned and used exclusively […]

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CCH Tax Day Report The IRS has warned taxpayers of a new scam linked to the Electronic Federal Tax Payment System (EFTPS). The IRS reports the scam is being seen nationwide. In this scam, a con artist, claiming to be from the Service, says that certified letters were sent but were returned as undeliverable. The […]

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