CCH Tax Day Report The Alabama Department of Revenue has revised a chart that reflects the latest information concerning the counties and municipalities that have notified the department regarding their participation in the “back-to-school” sales tax holiday being held from July 21 through July 23, 2017. The updated chart reflects the participation by Brewton, Clayhatchee, […]

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CCH Tax Day Report A corporate and personal income tax credit is established for the rehabilitation, preservation, and development of historic structures. The amount of tax credit is equal to 25% of the qualified rehabilitation expenditures for certified historic structures, not to exceed $5 million for a non-residential structure or $50,000 for a residential structure. […]

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CCH Tax Day Report IRS Large Business & International (LB&I) Division executives continued their webcast series on their division’s compliance campaigns on June 6. The series focuses on the initial rollout of 13 LB&I compliance campaigns aimed at redefining large business compliance work and establishing a supportive internal infrastructure for the examination process (TAXDAY, 2017/03/08-I.3). […]

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CCH Tax Day Report Sens. Chris Coons, D-Del., and Pat Roberts, R-Kan., on June 6 introduced the bipartisan Invent and Manufacture in America Bill. The measure would provide an enhanced tax credit for companies that conduct research & development (R&D) in the U.S. as well as those that manufacture products resulting from R&D in America, […]

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CCH Tax Day Report The omnibus tax bill signed by Minnesota Gov. Mark Dayton includes amendments to sales and use tax nexus laws; new or enhanced sales and use tax exemptions; authorization for new or increased local taxes; and other changes. Income tax changes (TAXDAY, 2017/06/06, S.14) and property and other tax changes (TAXDAY, 2017/06/06, […]

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CCH Tax Day Report Minnesota Gov. Mark Dayton has signed an omnibus tax bill that makes changes to excise taxes on cigarettes and other tobacco products and enacts a property tax exemption for a Major League soccer stadium, among other changes. Specifically, the maximum tax on a premium cigar is reduced from $3.50 to $.50. […]

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