For New Hampshire property tax purposes, any city or town in the state may adopt a new construction exemption for commercial or industrial uses, or both. The exemption applies only for municipal and local school property taxes assessed by the municipality and shall exclude state education property taxes and county taxes assessed against the municipality. […]

The post New Hampshire ~ Property Tax: Statewide Exemption Enacted for Commercial, Industrial Construction appeared first on Tax & Accounting Blog.

Legislation has been enacted that provides that usual and customary delivery charges that are stated separately from the sale price are not subject to Missouri sales and use tax. S.B. 16, Laws 2017, effective August 28, 2017

The post Missouri ~ Sales and Use Tax: Legislation Exempts Usual and Customary Delivery Charges From Tax appeared first on Tax & Accounting Blog.

The Minnesota Department of Revenue has issued a Revenue notice advising nonresident individuals that it does not administer income allocation using the Minnesota Tax Court’s reasoning found in Nadler v. Commissioner. The department recognizes only two categories of income for the purpose of determining the correct method of allocation, business income that must be apportioned […]

The post Minnesota ~ Corporate, Personal Income Taxes: Allocation Policy Addressed appeared first on Tax & Accounting Blog.

The Louisiana Department of Revenue has issued a news release informing corporate and personal income taxpayers that it will process and pay claims for state tax credits to owners of qualifying residential solar energy systems, including those who were denied the payments after a cap was imposed on the tax credit program in 2015. Taxpayers […]

The post Louisiana ~ Corporate, Personal Income Taxes: Payments Authorized for Owners of Solar Energy System Affected By Tax Credit Cap appeared first on Tax & Accounting Blog.

The Illinois House has voted to override Gov. Bruce Rauner’s veto of budget legislation that increases corporate and personal income tax rates (TAXDAY, 2017/07/05, S.9), creates an income and personal property replacement tax addback for the federal domestic production activities deduction under IRC §199, expands the definition of “unitary business group,” extends the sunset date […]

The post Illinois ~ Multiple Taxes: Income Tax Rate Increases, Other Changes Enacted in Veto Override appeared first on Tax & Accounting Blog.

There are 246 specialists at the IRS who focus specifically on employment tax audits, and penalties on employment tax are some of the harshest in the Internal Revenue Code, observed Martin Rule, senior manager at Deloitte Tax LLP. Rule and others discussed the state of employment tax enforcement and compliance during Deloitte’s latest Dbriefs webcast […]

The post Deloitte Webcast Examines Rise of Employment Tax Function appeared first on Tax & Accounting Blog.