CCH Tax Day Report The Oklahoma Tax Commission is authorized to establish an out-of-state tax collections enforcement division for purposes of enhancing collections of (1) sales and use taxes related to sales or transactions involving Oklahoma residents and out-of-state vendors that have nexus with Oklahoma and (2) any other unpaid taxes owed to Oklahoma by […]

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CCH Tax Day Report Any reference to the Internal Revenue Code in Nebraska laws, other than in the corporate income tax and personal income tax laws and other listed exceptions, refers to the Internal Revenue Code as it exists on May 10, 2017 (formerly, February 27, 2015). The IRC is incorporated by reference as currently […]

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CCH Tax Day Report Legislation has been enacted that permits certain entities to earn a nonrefundable tax credit against Georgia corporation, personal, and insurance premium tax liabilities for making a capital investment in a rural fund, for tax years beginning on or after January 1, 2018. The amount of credit is 0% for first two […]

The post Georgia ~ Multiple Taxes: Corporate Net Worth Tax Amended; Credit for Capital Investment in Rural Fund Enacted appeared first on Tax & Accounting Blog.

CCH Tax Day Report Legislation has been enacted that increases and indexes the personal exemptions for Arizona individual income tax purposes for taxable years beginning after 2016, and repeals seldom or unused corporate income, individual income, and insurance premium tax credits after December 31, 2017. Personal Exemptions The personal exemption for a single taxpayer (currently, […]

The post Arizona ~ Multiple Taxes: Personal Exemptions Increased and Indexed; Seldom or Unused Tax Credits Repealed appeared first on Tax & Accounting Blog.

CCH Tax Day Report President Trump has nominated David J. Kautter to be the Treasury’s next assistant secretary for tax policy, the White House announced on May 10. Kautter’s current position is partner-in-charge with RSM US LLP, a tax and consulting services firm. Previously, Kautter served as the managing director of Kogod Tax Center, an […]

The post Trump Nominates Kautter for Top Treasury Tax Policy Post appeared first on Tax & Accounting Blog.

On April 26, 2017, the Trump Administration released its long-awaited tax plan. What finally emerged was a one-page document of less than 300 words with less detail than had been included in Trump’s campaign tax proposals.  Because of its brevity, it should not be assumed that something that has been omitted has been dropped from […]

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