CCH Tax Day Report The House Ways and Means Committee held a full committee hearing on tax reform on May 18. A panel of five business leaders testified before the committee, each offering their view on the current tax code and how best to approach comprehensive reform. “President Trump is leading the charge for bold […]

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CCH Tax Day Report Applicable retroactively to July 1, 2015, pet adoption fees paid to animal rescue organizations are exempt from Washington sales tax. Such income is instead subject the service and other activities business and occupation (B&O) tax. S.B. 5358), Laws 2017, effective 90 days after adjournment; Final Bill Report, April 21, 2017

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CCH Tax Day Report The Virginia Tax Amnesty Program is enacted again within the 2016-2018 budget bill and will be administered by the Department of Taxation during the 2017-2018 fiscal year for not less than 60 days or for more than 75 days, as determined by the Tax Commissioner. As previously reported (TAXDAY, 2017/03/16, S.26 […]

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CCH Tax Day Report A Montana corporate and personal income tax credit has been enacted for taxpayers that employ a registered apprentice who works in Montana, applicable to tax years beginning after December 31, 2017. The annual credit amount is generally $750 per apprentice, but the amount is increased to $1,500 for veteran apprentices. The […]

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CCH Tax Day Report The Hawaii Legislature has approved a bill that, if approved by the governor, would change personal income tax rates, establish a state earned income tax credit, and repeal the sunset date for prior amendments made to the food/excise tax credit. Tax Rates For taxable years beginning after 2017, 9%, 10%, and […]

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CCH Tax Day Report The House Ways and Means Committee is scheduled to hold its first full committee tax reform hearing of the season on May 18. House Republican leaders met on May 17 to discuss the next day’s hearing and to underscore the shared goal of comprehensive tax reform between House and Senate Republicans […]

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