CCH Tax Day Report The House approved the American Health Care Act (AHCA) (HR 1628) on May 4 by a 217-to-213 vote. The bill now heads to the Senate for consideration and negotiation. The AHCA, if enacted, would repeal and replace the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) and related taxes. The […]

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CCH Tax Day Report President Trump has signed an Executive Order directing the IRS to exercise discretion in its enforcement of the “Johnson amendment.” The Johnson amendment limits political activities by certain tax-exempt organizations. Certain exempt organizations, including churches, mosques, temples and synagogues, may educate voters about issues in a nonpartisan manner but cannot directly […]

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CCH Tax Day Report The Virginia Tax Commissioner has issued a bulletin to provide guidance regarding previously enacted legislation that requires any dealer owning inventory for sale located in Virginia to register for collection of the retail sales and use tax, effective June 1, 2017 (Ch. 51 (H.B. 2058) and Ch. 808 (S.B. 962). (TAXDAY, […]

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CCH Tax Day Report The Vermont Senate has passed a proposal of amendment to the miscellaneous tax bill that, as previously reported, was passed by the Vermont House of Representatives. (TAXDAY, 2017/04/05, S.20) As passed by the Senate, the bill includes a change to federal conformity for Vermont corporate and personal income tax purposes; an […]

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CCH Tax Day Report Legislation has been enacted that creates a new type of sales and use tax enterprise zone in Georgia. The enterprise zone will be permitted in an urban redevelopment area that has been chronically underdeveloped for 20 years or more and contains a redevelopment project having a minimum $400 million projected capital […]

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CCH Tax Day Report The Florida Senate has approved a bill that would update the Internal Revenue Code (IRC) tie-in date for purposes of computing Florida corporate income tax liability from January 1, 2016, to January 1, 2017. The Senate version of the bill includes an amendment that would eliminate the 5-month filing extension for […]

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