Category Archives: Tax Headlines

Daily state and federal tax news

North Carolina ~ Sales and Use Tax: Department Requests Clarifying Legislation Regarding Accommodation Rentals

On June 14, 2012, the North Carolina Department of Revenue revised a previously issued Important Notice regarding sales tax due on rentals of accommodations, including private residences and cottages. Prior to the revised notice, the department held a long-standing interpretation … Continue reading

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Nebraska ~ Multiple Taxes: Job Creation and Mainstreet Revitalization Act Enacted

Nebraska Gov. Dave Heineman has signed legislation creating a transferrable, nonrefundable tax credit available against corporate and personal income tax, the insurance premium tax, or the financial institutions franchise tax for eligible expenditures to improve qualifying historically significant real property. … Continue reading

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Kansas ~ Multiple Taxes: Various Tax Changes Enacted

Kansas Gov. Sam Brownback has signed legislation that makes a number of changes to personal income and property tax provisions, including an amendment to the Homestead Refund Program, the reinstatement of adoption credits, and a change to nonresident pass-through entity … Continue reading

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Delaware ~ Corporate Income, Franchise Taxes: Increases to Franchise and Annual Entity Taxes Enacted

Delaware Gov. Jack Markell has signed legislation increasing the corporation franchise tax and the annual entity tax that is imposed on partnerships and limited liability companies (LLCs) doing business in the state. The increase is effective retroactively to January 1, … Continue reading

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CCH Weekly Report from Washington, D.C.

During the week of April 14, the Social Security Administration agreed to discontinue attempts to collect overpayments to taxpayers whose debts are more than 10 years old. Legislation was introduced to end abusive IRS audits, to amend a small business … Continue reading

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