CCH Tax Day Report Colorado Gov. John Hickenlooper has signed legislation repealing the business personal property tax credit available against corporate income tax after tax year 2018 and replacing it with a credit for business personal property taxes paid on up to $18,000 of the total actual value of a taxpayer’s business personal property. The […]

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CCH Tax Day Report Effective July 1, 2017, the rate of the retail marijuana sales tax will increase to 15%. The rate is currently 10%, and it was previously scheduled to decrease to 8% on July 1, 2017. This increase was granted by voter approval. Additionally, on July 1, 2017, retail sales of marijuana subject […]

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CCH Tax Day Report The IRS has reminded taxpayers to make user fee payments electronically using the federal government’s Pay.gov system starting June 15, 2017, when requesting letter rulings, closing agreements and certain other rulings. Taxpayers can choose to make user fee payments either through Pay.gov or by check or money order during a two-month […]

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CCH Tax Day Report Taxwriters on the House Ways and Means Committee have introduced a bipartisan bill that would increase the maximum amount of pre-tax dollars employees can set aside for dependent care. The Working Families Relief Bill (HR 2618) was introduced by Rep. Mike Kelly, R-Pa., and House Democratic Caucus Vice Chair Linda Sanchez, […]

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CCH Tax Day Report The Oregon Senate has passed a bill that would, if enacted, replace the cost of performance standard with a market-based sourcing standard for purposes of determining the sales factor applicable to intangible property and service, as used in the corporate excise (income) tax apportionment calculation. The change would apply to tax […]

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CCH Tax Day Report Effective July 1, 2017, the combined Maryland motor fuel tax rate on gasoline, gasohol, propane, liquefied natural gas, compressed natural gas, ethanol, methanol, E-85, and M-85 will be 33.8 cents per gallon (currently, 33.5 cents per gallon). The motor fuel tax rate on diesel, biodiesel, and A55 will be 34.55 cents […]

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