AR - Local tax rate changes announced
The following Arkansas local sales tax rate changes are effective July 1, 2024:Local RatesCalhoun County increases its sales and use tax from 2.5% to 2.625%.The city of Gassville increases its sales a...
CO - Fuel fee set to increase
Colorado's Bridge and Tunnel Impact (BTI) and Road Usage (RUF) fees are set to increase to $0.01 per gallon effective July 1. Release,Colorado Department of Revenue, April 8, 2024...
FL - Solid mineral tax rates for 2024 announced
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From January 1, 2024, through December 31, 2024, the tax rate for phosphate rock pro...
GA - Local rate chart released for Q2 of 2024
The Georgia Department of Revenue has released a local sales and use tax rate chart for the quarter beginning April 1, 2024. Georgia Sales and Use Tax Rate Chart, Georgia Department of Revenue, March ...
KS - House proposes rate and other tax changes
The Kansas House of Representatives passed a tax package that proposes to:replace the three-bracket graduated personal income tax rate schedule with a two-bracket schedule and provide a small rate red...
KY - Taxpayers parcels were not omitted properties
For property tax purposes, the circuit court did not err in upholding the Kentucky Board of Tax Appeals rulings because the undervaluation of the parcels was due to the failure of the former property ...
NJ - Partnership audit regime guidance released
New Jersey had release guidance regarding its adoption of the federal partnership tax audit regime. The adoption of laws regarding the federal centralized partnership audit regime applies to any adjus...
NM - Omnibus tax bill changes
New Mexico enacted legislation making various changes to the state's personal and business income tax laws. These changes include:Changes effective in tax year 2024:Angel investor credit:Qualified inv...
OK - Local rate changes announced
Additional Oklahoma local sales and use tax rate changes have been announced effective July 1, 2024.City Rate ChangesCanton increases its rate from 3.0% to 4.0%.Perkins increases its rate from 3.375% ...
SC - Digital textbooks are exempt
The taxpayer's sale and rental of digital textbooks (eTextbooks) was exempt from South Carolina sales tax because such transactions fell within the exemption for textbooks. The eTextbooks could be rea...
TN - Captive insurance company provisions modified
Recently enacted Tennessee legislation provides that the Commissioner may approve an alternative date for filing and paying the premium tax due for captive insurance companies on a fiscal year end. Th...
WV - Private trust company exemption enacted
West Virginia enacted legislation that provides a personal income tax exemption to private trust companies licensed in the state. A private trust company is a corporation or limited liability company ...