CCH Tax Day Report The Texas franchise tax credit for certified rehabilitation of certified historic structures is temporarily expanded effective June 14, 2017, until January 1, 2022. During that period, “eligible costs and expenses” for purposes of the credit are expanded to include eligible costs and expenses incurred by public universities and university systems. H.B. […]

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CCH Tax Day Report The Oregon House 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 A law has created the Louisiana Uniform Local Sales Tax Board as a political subdivision of the state for purposes of promoting the uniformity and efficiency of imposition, collection, and administration of local sales and use taxes. The board’s powers and duties include: (1) supporting and advising local tax collectors; (2) […]

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CCH Tax Day Report 80% of the assessed value of a renewable energy source device that is considered tangible personal property is exempt from Florida ad valorem taxation provided the device: — is installed on real property on or after January 1, 2018; — was installed before January 1, 2018, to supply a municipal electric […]

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CCH Tax Day Report The U.S. House of Representatives passed the Mobile Workforce State Income Tax Simplification Act of 2017, which would limit the authority of states to tax wages and other remuneration from employment in other states. If enacted, no part of the wages or other remuneration earned by an employee who performs employment […]

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CCH Tax Day Report Senate Republicans are expected to unveil their version of a Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) repeal and replacement measure on June 22, according to Senate Majority Leader Mitch McConnell, R-Ky. The healthcare reform legislation is expected to repeal most of the ACA- related taxes. Replacement measures are […]

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