Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
IRS Promises to Propose Regulations on Transfers of U.S. Real Property Interests (Notice 2025-45)
Treasury and the IRS intend to issue proposed regulations under sections 897(d) and (e) to modify the rules under §§1.897-5T and 1.897-6T, Notice 89-85, 1989-31 I.R.B. 9, and Notice 2006-46, 2...
Treasury and the IRS intend to issue proposed regulations under sections 897(d) and (e) to modify the rules under §§1.897-5T and 1.897-6T, Notice 89-85, 1989-31 I.R.B. 9, and Notice 2006-46, 2...
IRS Reminds Employers Student Loan Repayments Are Excludable Through 2025 (IR-2025-81)
The IRS has reminded employers that they may continue to offer student loan repayment assistance through educational assistance programs until the end of the tax year at issue, December 31, 2025. Unde...
The IRS has reminded employers that they may continue to offer student loan repayment assistance through educational assistance programs until the end of the tax year at issue, December 31, 2025. Unde...
IRS Whistleblower Office Celebrates National Whistleblower Day (IR-2025-78)
The IRS Whistleblower Office emphasized the role whistleblowers continue to play in supporting the nation’s tax administration ahead of National Whistleblower Appreciation Day on July 30. The IRS ha...
The IRS Whistleblower Office emphasized the role whistleblowers continue to play in supporting the nation’s tax administration ahead of National Whistleblower Appreciation Day on July 30. The IRS ha...
Rates Used in Computing Special Use Value Issued, Rev. Rul. 2025-16
The 2025 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS.In the ruling, the IRS lists th...
The 2025 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS.In the ruling, the IRS lists th...
AL - Elmore County sales & use and rental tax rate increased
Elmore County has levied a new general enhancement tax rate for sales and rentals made in the county effective September 1, 2025. The rate varies in various parts of the county to ensure that the mini...
Elmore County has levied a new general enhancement tax rate for sales and rentals made in the county effective September 1, 2025. The rate varies in various parts of the county to ensure that the mini...
AK - Integrated transmission systems legislation enacted
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
AZ - Interest rates remain unchanged
The interest rate on the underpayment and overpayment of Arizona taxes is unchanged at 7% for the quarter beginning October 1, 2025, and ending December 31, 2025. The rate has been set at 7% since Jan...
The interest rate on the underpayment and overpayment of Arizona taxes is unchanged at 7% for the quarter beginning October 1, 2025, and ending December 31, 2025. The rate has been set at 7% since Jan...
AR - Optional standard mileage rates announced
The Arkansas Department of Finance and Administration has announced the 2025 optional standard mileage reimbursement rates for state income tax purposes. For business use, the reimbursement rate is 70...
The Arkansas Department of Finance and Administration has announced the 2025 optional standard mileage reimbursement rates for state income tax purposes. For business use, the reimbursement rate is 70...
CA - Checkoff authorized for Parkinson's disease research fund
California has enacted legislation authorizing individuals to designate amounts in excess of their tax liability on their California personal income tax returns as voluntary contributions to the Parki...
California has enacted legislation authorizing individuals to designate amounts in excess of their tax liability on their California personal income tax returns as voluntary contributions to the Parki...
CO - Changes related to corporations and foreign jurisdictions enacted
Colorado has enacted legislation that makes several income tax changes for corporations with an international presence. The changes include:requiring an addition to taxable income for state tax purpos...
Colorado has enacted legislation that makes several income tax changes for corporations with an international presence. The changes include:requiring an addition to taxable income for state tax purpos...
CT - Changes in economic development-related statutes enacted
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
DE - Refunds required for overpayments of $50 or more
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
DC - Tiered rates established for vacant and blighted properties, credit enacted
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...
FL - Tax applies to parking, docking, tie-down, and storage spaces
Florida sales and use tax, including any applicable discretionary sales surtax, continues to apply to rentals or leases of:parking or storage spaces for motor vehicles in parking lots or garages, incl...
Florida sales and use tax, including any applicable discretionary sales surtax, continues to apply to rentals or leases of:parking or storage spaces for motor vehicles in parking lots or garages, incl...
GA - Local rate changes announced for Q4
Multiple Georgia counties have sales and use tax rate change that take effect on October 1, 2025.County Tax Rate ChangesThe following counties will have tax rate changes:Bibb, 7%;Liberty, 7%;Putnam, 7...
Multiple Georgia counties have sales and use tax rate change that take effect on October 1, 2025.County Tax Rate ChangesThe following counties will have tax rate changes:Bibb, 7%;Liberty, 7%;Putnam, 7...
HI - October filing extension deadline confirmed
The Hawaii Department of Taxation confirmed that the state individual income tax return filing extension deadline for the 2024 tax year is October 21, 2025. While form instructions may list the deadli...
The Hawaii Department of Taxation confirmed that the state individual income tax return filing extension deadline for the 2024 tax year is October 21, 2025. While form instructions may list the deadli...
ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
IL - Treatment of gain from sale of sole partnership asset discussed
Illinois issued a general information letter discussing the allocation and apportionment of gain from the sale of a partnership's real property located in the state that is the partnership's sole asse...
Illinois issued a general information letter discussing the allocation and apportionment of gain from the sale of a partnership's real property located in the state that is the partnership's sole asse...
IN - September 2025 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of September 2025, is $0.178 per gallon. Departmental Notice #2, Indiana Department of Revenue, September 2025...
The Indiana gasoline use tax rate for the month of September 2025, is $0.178 per gallon. Departmental Notice #2, Indiana Department of Revenue, September 2025...
IA - Renewable chemical tax credit claim denied
The Iowa Department of Revenue issued a decision and order on the renewable chemical production income tax credit, addressing taxpeyers' request to claim credits for tax certificates issued in 2019. T...
The Iowa Department of Revenue issued a decision and order on the renewable chemical production income tax credit, addressing taxpeyers' request to claim credits for tax certificates issued in 2019. T...
KS - October 2025 quarterly local rate updates
Kansas posted local sales and use rate updates for community improvement and other special districts, including:Goddard Tanganyika Wildlife Park;Hays Cervs;Lenexa Midas Dual Hotel;Merriam North;Olathe...
Kansas posted local sales and use rate updates for community improvement and other special districts, including:Goddard Tanganyika Wildlife Park;Hays Cervs;Lenexa Midas Dual Hotel;Merriam North;Olathe...
KY - Tax rate reduction announced
Kentucky reduced its state real property tax rate for 2025 to 10.6 cents for each $100 of assessed value. State law requires a reduction in the rate if an increase in assessed value exceeds the previo...
Kentucky reduced its state real property tax rate for 2025 to 10.6 cents for each $100 of assessed value. State law requires a reduction in the rate if an increase in assessed value exceeds the previo...
LA - Guidance issued on exemption for government contractors
Louisiana has issued guidance on the sales and use tax exemption available for purchases made by general contractors and their subcontractors when performing government contract work. The exemption wa...
Louisiana has issued guidance on the sales and use tax exemption available for purchases made by general contractors and their subcontractors when performing government contract work. The exemption wa...
ME - Dirigo business incentives tax credit rules adopted
Maine Revenue Services has adopted rules implementing the Dirigo Business Incentives Tax Credit. The nonrefundable credit, which applies to tax years beginning after 2024, is based on purchase expense...
Maine Revenue Services has adopted rules implementing the Dirigo Business Incentives Tax Credit. The nonrefundable credit, which applies to tax years beginning after 2024, is based on purchase expense...
MD - Guidance on MPU certificates issued
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
MA - Payment and notice timelines adjusted
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...
MI - Tax relief available In Houghton and Ontonagon Counties
Due to recent storms in Houghton and Ontonagon counties, the Michigan Department of Treasury has announced that impacted taxpayers within those counties may request extensions to file and pay upcoming...
Due to recent storms in Houghton and Ontonagon counties, the Michigan Department of Treasury has announced that impacted taxpayers within those counties may request extensions to file and pay upcoming...
MN - 2025 individual income and corporate franchise tax changes highlighted
Minnesota released a legislative bulletin highlighting 2025 individual income and corporation franchise tax changes. The highlights include changes to tax credits, subtractions, and refund provisions....
Minnesota released a legislative bulletin highlighting 2025 individual income and corporation franchise tax changes. The highlights include changes to tax credits, subtractions, and refund provisions....
MS - Tupelo water procurement facility tax no longer imposed on groceries
Mississippi issued a notice announcing that retail sales of groceries in City of Tupelo are exempt effective July 1, 2025 from the Tupelo Water Procurement Facility Tax, which is a .25% tax on retail ...
Mississippi issued a notice announcing that retail sales of groceries in City of Tupelo are exempt effective July 1, 2025 from the Tupelo Water Procurement Facility Tax, which is a .25% tax on retail ...
MO - Reminder issued on elimination of tax on capital gains
The Missouri Department of Revenue issued a reminder on previously enacted legislation that eliminates income tax on capital gains for individuals and provides a path for corporations in Missouri to d...
The Missouri Department of Revenue issued a reminder on previously enacted legislation that eliminates income tax on capital gains for individuals and provides a path for corporations in Missouri to d...
MT - Governor sends reminder about property tax relief
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
NE - Report issued on impact of one big beautiful bill act on state revenue
The Nebraska Department of Revenue has issued a report on the impact of changes to the Internal Revenue Code (IRC) from enactment of the One Big Beautiful Bill Act on state income tax receipts.Individ...
The Nebraska Department of Revenue has issued a report on the impact of changes to the Internal Revenue Code (IRC) from enactment of the One Big Beautiful Bill Act on state income tax receipts.Individ...
NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
NH - Parsonage tax exemptions expanded
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
NJ - Cultural arts institutions credit amended
New Jersey has amended Cultural Arts Incentives Program, allowing broader eligibility for tax credits.The law amends the definition of a "cultural arts institution" to include any nonprofit operatin...
New Jersey has amended Cultural Arts Incentives Program, allowing broader eligibility for tax credits.The law amends the definition of a "cultural arts institution" to include any nonprofit operatin...
NM - Flood extension for lincoln, doña ana counties granted
Taxpayers in flood-affected Lincoln and Doña Ana counties are granted an extension in filing business tax returns due July 25 and August 25, now extended to October 27 in the region. Penalty relief a...
Taxpayers in flood-affected Lincoln and Doña Ana counties are granted an extension in filing business tax returns due July 25 and August 25, now extended to October 27 in the region. Penalty relief a...
NY - Information on waste tire management and recycling fee updated
The New York Department of Taxation and Finance updated its information on the waste tire management and recycling fee to reflect previously enacted legislation. Specifically, the waste tire managemen...
The New York Department of Taxation and Finance updated its information on the waste tire management and recycling fee to reflect previously enacted legislation. Specifically, the waste tire managemen...
NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
ND - Guide to business tax incentives updated
North Dakota has released a business tax incentives publication for 2025, summarizing a number of provisions such as property tax exemptions, sales tax exemptions, and income tax credits. For example,...
North Dakota has released a business tax incentives publication for 2025, summarizing a number of provisions such as property tax exemptions, sales tax exemptions, and income tax credits. For example,...
OH - Wireless 9-1-1 fee increased
Ohio has updated its guidance to reflect increases to the wireless Next Generation (NG) 9-1-1 fee. Beginning September 30, 2025, the fee increases to 60¢ (previously 40¢) per month. For prepaid wire...
Ohio has updated its guidance to reflect increases to the wireless Next Generation (NG) 9-1-1 fee. Beginning September 30, 2025, the fee increases to 60¢ (previously 40¢) per month. For prepaid wire...
OK - One-Year limitation on collection of excess proceeds does not violate constitution
The Oklahoma Attorney General's office has opined that the state's one-year limitation for property owners to collect excess proceeds from a sale of tax-delinquent property, does not violate the Takin...
The Oklahoma Attorney General's office has opined that the state's one-year limitation for property owners to collect excess proceeds from a sale of tax-delinquent property, does not violate the Takin...
OR - Employer tax credit enacted
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
PA - Philadelphia clarifies BIRT transition for small businesses
Philadelphia has clarified its Business Income and Receipts Tax policy following the elimination of a $100,000 exemption beginning in 2025. Businesses newly subject to the tax are treated as "new busi...
Philadelphia has clarified its Business Income and Receipts Tax policy following the elimination of a $100,000 exemption beginning in 2025. Businesses newly subject to the tax are treated as "new busi...
RI - Tax on short-term parking explained
Rhode Island has issued guidance on the recent legislative imposition of sales tax on short-term parking. Effective October 1, 2025, a 7% sales tax will apply to short-term parking. "Short-term parkin...
Rhode Island has issued guidance on the recent legislative imposition of sales tax on short-term parking. Effective October 1, 2025, a 7% sales tax will apply to short-term parking. "Short-term parkin...
SC - Interest rates unchanged for fourth quarter of 2025
From October 1, 2025, through December 31, 2025, the South Carolina interest rate on tax underpayments is 7%. The refund rate for overpayments is 4%. Information Letter 25-16, South Carolina Departme...
From October 1, 2025, through December 31, 2025, the South Carolina interest rate on tax underpayments is 7%. The refund rate for overpayments is 4%. Information Letter 25-16, South Carolina Departme...
SD - Tax license requirements for contractor's excise tax updated
South Dakota updated its guidance on sales, use, and contractor’s excise taxes. Businesses are required to hold a sales tax license if they have a physical presence in South Dakota or exceed $100,00...
South Dakota updated its guidance on sales, use, and contractor’s excise taxes. Businesses are required to hold a sales tax license if they have a physical presence in South Dakota or exceed $100,00...
TN - Rate increase announced for Sullivan County
Effective October 1, 2025, Sullivan County, Tennessee, will increase its mineral severance tax to 20 cents per ton. Notice 25-20, Tennessee Department of Revenue, August 2025...
Effective October 1, 2025, Sullivan County, Tennessee, will increase its mineral severance tax to 20 cents per ton. Notice 25-20, Tennessee Department of Revenue, August 2025...
TX - July 2025 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period July 2025 is $38.53 per barrel for the three-month period beginning on April 1, ...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period July 2025 is $38.53 per barrel for the three-month period beginning on April 1, ...
UT - Tax due on aircraft purchase
A taxpayer was required to pay Utah sales or use tax on his purchase of an aircraft from a private individual. Because the seller was not a licensed dealer and did not collect sales tax on the transac...
A taxpayer was required to pay Utah sales or use tax on his purchase of an aircraft from a private individual. Because the seller was not a licensed dealer and did not collect sales tax on the transac...
VT - Failure to notify taxpayer's counsel did not violate due process
The Vermont Supreme Court reversed a lower court's holding that a town failed to satisfy due process by not mailing notice of a property tax decision to both the taxpayer and the taxpayer's counsel. A...
The Vermont Supreme Court reversed a lower court's holding that a town failed to satisfy due process by not mailing notice of a property tax decision to both the taxpayer and the taxpayer's counsel. A...
VA - Reminder issued on upcoming sales tax holiday
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...
WA - Guidance issued on taxability of firework sales
The Washington Department of Revenue has issued an industry guide on the application of excise tax to sales of fireworks.Fireworks Display BusinessesFireworks display businesses provide, set up, and d...
The Washington Department of Revenue has issued an industry guide on the application of excise tax to sales of fireworks.Fireworks Display BusinessesFireworks display businesses provide, set up, and d...
WV - Clay, Franklin, Saint Marys, and Winfield impose local tax in 2026
Effective January 1, 2026, a 1% sales and use tax will apply to purchases made of taxable goods, custom software, and services provided within the municipal boundaries of:Clay;Franklin;Saint Marys; an...
Effective January 1, 2026, a 1% sales and use tax will apply to purchases made of taxable goods, custom software, and services provided within the municipal boundaries of:Clay;Franklin;Saint Marys; an...
WI - Failure to timely file petition
A Notice of Action by the Wisconsin Department of Revenue was sent by USPS Certified Mail to the taxpayers. The Department asserts the mail was received by the taxpayers on March 27, 2025. The taxpaye...
A Notice of Action by the Wisconsin Department of Revenue was sent by USPS Certified Mail to the taxpayers. The Department asserts the mail was received by the taxpayers on March 27, 2025. The taxpaye...
WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
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