Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Passed by House May 22, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
2026 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2025-19)
The IRS has released the 2026 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2026, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
The IRS has released the 2026 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2026, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
IRS Reminds Taxpayers and Small Businesses to Stay Vigilant Against Scams Year-Round (IR-2025-57)
The IRS has marked National Small Business Week by reminding taxpayers and businesses to remain alert to scams that continue long after the April 15 tax deadline. Through its annual Dirty Dozen li...
The IRS has marked National Small Business Week by reminding taxpayers and businesses to remain alert to scams that continue long after the April 15 tax deadline. Through its annual Dirty Dozen li...
Marginal Production Percentage Depletion Rates Announced (Notice 2025-20)
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2025 calendar year. Code Sec. 613A(c)(6)(C) defi...
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2025 calendar year. Code Sec. 613A(c)(6)(C) defi...
Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
AL - New tax levied on leasing or renting tangible personal property in Elmore County
The Alabama Legislature has enacted legislation imposing a new county rental tax in Elmore County. Starting September 1, 2025, a tax will be levied on those leasing or renting tangible personal proper...
The Alabama Legislature has enacted legislation imposing a new county rental tax in Elmore County. Starting September 1, 2025, a tax will be levied on those leasing or renting tangible personal proper...
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 - Local rate changes announced
The Arizona Department of Revenue has announced new local transaction privilege tax (TPT) rate changes.DouglasThe City of Douglas has decreased the transaction privilege tax on amusements to 0.0% effe...
The Arizona Department of Revenue has announced new local transaction privilege tax (TPT) rate changes.DouglasThe City of Douglas has decreased the transaction privilege tax on amusements to 0.0% effe...
AR - Tax holiday period announced
The annual Arkansas sales tax holiday will take place from Saturday August 2, 2025 through Sunday August 3, 2025. 2025 Sales Tax Holiday, Arkansas Department of Finance and Administration, May 28, 20...
The annual Arkansas sales tax holiday will take place from Saturday August 2, 2025 through Sunday August 3, 2025. 2025 Sales Tax Holiday, Arkansas Department of Finance and Administration, May 28, 20...
CA - IRC conformity bill advances
The California Senate has passed a bill that would update the state's Internal Revenue Code (IRC) conformity date to January 1, 2025, for taxable years beginning on or after January 1, 2025, with spec...
The California Senate has passed a bill that would update the state's Internal Revenue Code (IRC) conformity date to January 1, 2025, for taxable years beginning on or after January 1, 2025, with spec...
CO - Achieving a better life experience deduction extended
Colorado has enacted legislation extending the Achieving a Better Life Experience state income tax deduction through tax year 2030. Previously, the deduction was set to expire after tax year 2025. The...
Colorado has enacted legislation extending the Achieving a Better Life Experience state income tax deduction through tax year 2030. Previously, the deduction was set to expire after tax year 2025. The...
CT - 2025-2026 diesel fuel tax rate announced
Effective July 1, 2025, through June 30, 2026, the Connecticut motor vehicle fuels tax rate applicable to the sale or use of diesel fuel is $0.489 per gallon (formerly, $0.524). Announcement 2025(2),...
Effective July 1, 2025, through June 30, 2026, the Connecticut motor vehicle fuels tax rate applicable to the sale or use of diesel fuel is $0.489 per gallon (formerly, $0.524). Announcement 2025(2),...
DE - Budget proposes rate cuts, new brackets, tobacco tax increase
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
DC - Mayor unveils economic growth agenda
The District of Columbia Mayor has presented an economic growth agenda for 2026 that proposes:no sales tax increase in FY26;reducing the Universal Paid Leave tax from 0.75% to 0.72%; andcreate a sales...
The District of Columbia Mayor has presented an economic growth agenda for 2026 that proposes:no sales tax increase in FY26;reducing the Universal Paid Leave tax from 0.75% to 0.72%; andcreate a sales...
FL - Exemption for certain coin or currency revised
The Florida sales and use tax exemption for certain coin or currency is revised. A coin or currency that is legal tender of the United States, or any gold or silver coin recognized as legal tender in ...
The Florida sales and use tax exemption for certain coin or currency is revised. A coin or currency that is legal tender of the United States, or any gold or silver coin recognized as legal tender in ...
GA - Tax rate chart for energy sold to manufacturers issued for Q3 of 2025
Georgia has released an updated chart of local sales and use tax rates for energy sold to manufacturers. The rates are effective July 1, 2025. Energy Sold to Manufacturers, Georgia Department of Reve...
Georgia has released an updated chart of local sales and use tax rates for energy sold to manufacturers. The rates are effective July 1, 2025. Energy Sold to Manufacturers, Georgia Department of Reve...
HI - - IRC conformity updated
Hawaii has updated its Internal Revenue Code tie-in date for computing corporate and individual income tax liability to December 31, 2024, for tax years beginning after December 31, 2024. Previously, ...
Hawaii has updated its Internal Revenue Code tie-in date for computing corporate and individual income tax liability to December 31, 2024, for tax years beginning after December 31, 2024. Previously, ...
ID: State tax commission analyzing implementation of parental choice tax credit
The Idaho State Tax Commission announced that it is analyzing the implementation of previously enacted the Idaho Parental Choice Tax Credit. Once the program details are available, the Commission will...
The Idaho State Tax Commission announced that it is analyzing the implementation of previously enacted the Idaho Parental Choice Tax Credit. Once the program details are available, the Commission will...
IL - Rules on automobile renting tax amended
Illinois amended rules on the automobile renting occupation and use tax to reflect a tax exclusion for peer-to-peer car sharing. The exclusion applies if the shared car owner paid the tax either at ...
Illinois amended rules on the automobile renting occupation and use tax to reflect a tax exclusion for peer-to-peer car sharing. The exclusion applies if the shared car owner paid the tax either at ...
IN - June 2025 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of June 2025, is $0.174 per gallon. Departmental Notice #2, Indiana Department of Revenue, June 2025...
The Indiana gasoline use tax rate for the month of June 2025, is $0.174 per gallon. Departmental Notice #2, Indiana Department of Revenue, June 2025...
IA - Proper avenue for disabled veteran tax credit complaint discussed
The Iowa Department of Revenue (DOR) refused to issue a declaratory order because the questions presented by the petition would more properly be resolved by another body with jurisdiction over the mat...
The Iowa Department of Revenue (DOR) refused to issue a declaratory order because the questions presented by the petition would more properly be resolved by another body with jurisdiction over the mat...
KS - State must follow funding intent of voter approved local tax
The Kansas Attorney General (AG) directed the state to no longer divide revenue from a Morton County sales tax between the county and its municipalities when voters approved the tax for funding the co...
The Kansas Attorney General (AG) directed the state to no longer divide revenue from a Morton County sales tax between the county and its municipalities when voters approved the tax for funding the co...
KY - Disaster relief announced for may storms
Kentucky announced the counties in the state where building owners with property damaged or destroyed by severe storms, straight-line winds, and tornadoes that began on May 2, 2025 are eligible for di...
Kentucky announced the counties in the state where building owners with property damaged or destroyed by severe storms, straight-line winds, and tornadoes that began on May 2, 2025 are eligible for di...
LA - Proposed amendment 2 fails
Proposed Amendment 2 to the Louisiana Constitution, which was on the March 29, 2025 ballot, failed. The amendment would have :lowered the maximum income tax rate;increased income tax deductions for ci...
Proposed Amendment 2 to the Louisiana Constitution, which was on the March 29, 2025 ballot, failed. The amendment would have :lowered the maximum income tax rate;increased income tax deductions for ci...
ME - Rule amended to impose electronic filing on certain taxpayers
Maine Rule 104, which outlines requirements for filing certain Maine tax returns, including electronic filing requirements, has been amended to require that the following file electronic returns:certa...
Maine Rule 104, which outlines requirements for filing certain Maine tax returns, including electronic filing requirements, has been amended to require that the following file electronic returns:certa...
MD - Personal income tax abatement expanded to uniformed service members, public health emergency responders
Applicable to tax years after 2024, Maryland personal income tax is abated for those who die while serving as members of the uniformed services (formerly, members of the armed forces). In addition, pe...
Applicable to tax years after 2024, Maryland personal income tax is abated for those who die while serving as members of the uniformed services (formerly, members of the armed forces). In addition, pe...
MA - Financial institutions eligible for research tax credits
The Massachusetts Department of Revenue explains their position following the Appellate Tax Board's decision confirming that financial institutions are eligible to claim the corporate income tax resea...
The Massachusetts Department of Revenue explains their position following the Appellate Tax Board's decision confirming that financial institutions are eligible to claim the corporate income tax resea...
MI - Distribution from U.S. government thrift savings plan not eligible for subtraction
The taxpayer’s United States Government Thrift Savings Plan (TSP) benefits are not considered retirement or pension benefits under the Michigan Income Tax Act (MITA) and are therefore not eligible f...
The taxpayer’s United States Government Thrift Savings Plan (TSP) benefits are not considered retirement or pension benefits under the Michigan Income Tax Act (MITA) and are therefore not eligible f...
MN - Dietary supplements guidance updated
Minnesota has updated its guidance on the sales tax treatment of dietary supplements. Dietary supplements are taxable food products. Any item that is required by the U.S. Food and Drug Administration ...
Minnesota has updated its guidance on the sales tax treatment of dietary supplements. Dietary supplements are taxable food products. Any item that is required by the U.S. Food and Drug Administration ...
MS - Incentives and tax credits introduced for rehabilitation of blighted property
Mississippi has enacted legislation providing income tax credits and incentive payments for developers who rehabilitate blighted property in the state. Eligible taxpayers can claim a credit amounting ...
Mississippi has enacted legislation providing income tax credits and incentive payments for developers who rehabilitate blighted property in the state. Eligible taxpayers can claim a credit amounting ...
MO - New order regarding Jackson County 2025 residential property tax assessments issued
The Missouri State Tax Commission has issued a new order regarding Jackson County 2025 residential property tax assessments. Specifically, in order to prevent excessive, mistaken, and erroneous assess...
The Missouri State Tax Commission has issued a new order regarding Jackson County 2025 residential property tax assessments. Specifically, in order to prevent excessive, mistaken, and erroneous assess...
MT - Property tax assistance for first responders
Montana has created an Injured First Responder property tax assistance program, similar to the Montana Disabled Veterans (MDV) program. For property tax years beginning January 1, 2026, the new progra...
Montana has created an Injured First Responder property tax assistance program, similar to the Montana Disabled Veterans (MDV) program. For property tax years beginning January 1, 2026, the new progra...
NE - Reminder issued for valuation change notices
The Nebraska Department of Revenue has reminded property owners that real property valuation change notices will be sent out on or before June 1, 2025. Property owners may file a protest with the coun...
The Nebraska Department of Revenue has reminded property owners that real property valuation change notices will be sent out on or before June 1, 2025. Property owners may file a protest with the coun...
NV - Reimbursement requirement authorized for renewable energy facilities seeking partial abatement
Nevada amended the law that authorizes renewable energy facilities to apply for a partial abatement of sales and use and property taxes. The amendment allows a board of county commissioners, unless an...
Nevada amended the law that authorizes renewable energy facilities to apply for a partial abatement of sales and use and property taxes. The amendment allows a board of county commissioners, unless an...
NH - Department reminds taxpayers of interest and dividends tax repeal
The New Hampshire Department of Revenue Administration reminds taxpayers that the Interest and Dividends Tax is repealed effective January 1, 2025. Technical Information Release TIR 2025-001, New Ham...
The New Hampshire Department of Revenue Administration reminds taxpayers that the Interest and Dividends Tax is repealed effective January 1, 2025. Technical Information Release TIR 2025-001, New Ham...
NJ - Guidance on taxability of lawyers' purchases updated
New Jersey updated it guidance on the taxability of purchases made by lawyers and law firms in relation to the state's Sales and Use Tax Act. The bulletin was updated to include links to the NJ Tax P...
New Jersey updated it guidance on the taxability of purchases made by lawyers and law firms in relation to the state's Sales and Use Tax Act. The bulletin was updated to include links to the NJ Tax P...
NM - High-wage jobs tax credit threshold job definition modified
New Mexico has enacted legislation making a minor adjustment to the high-wage jobs tax credit by changing the definition of a “threshold job.” Threshold jobs are used in the tax credit to track a ...
New Mexico has enacted legislation making a minor adjustment to the high-wage jobs tax credit by changing the definition of a “threshold job.” Threshold jobs are used in the tax credit to track a ...
NY - Taxability of out-of-state online retailer's purchase of order fulfillment services and storage of inventory discussed
The New York Department of Taxation and Finance issued an advisory opinion regarding whether an out-of-state online retailer’s purchase of certain order fulfillment services in New York and its stor...
The New York Department of Taxation and Finance issued an advisory opinion regarding whether an out-of-state online retailer’s purchase of certain order fulfillment services in New York and its stor...
NC: Type of real property interest that may be donated under the conservation tax credit is expanded
The type of real property interest that may be donated to be eligible for the conservation tax credit against North Carolina corporate and personal income taxes is expanded to match the federal defini...
The type of real property interest that may be donated to be eligible for the conservation tax credit against North Carolina corporate and personal income taxes is expanded to match the federal defini...
ND - Coal severance and coal conversion facilities taxes revised
The existing North Dakota coal conversion facilities tax exemption is modified to be a partial exemption from the coal conversion state share of the tax, equal to:90% for taxable production after June...
The existing North Dakota coal conversion facilities tax exemption is modified to be a partial exemption from the coal conversion state share of the tax, equal to:90% for taxable production after June...
OH - 2025 third quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2025.The average prices per gallon for the third quarter are:$1.998 for unleaded gasoline...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2025.The average prices per gallon for the third quarter are:$1.998 for unleaded gasoline...
OK - Vertical housing tax exemption extended
Oregon has extended the sunset date for the partial property tax exemption for vertical housing development projects. The sunset date is extended from January 1, 2026 to January 1, 2032. H.B. 2074, L...
Oregon has extended the sunset date for the partial property tax exemption for vertical housing development projects. The sunset date is extended from January 1, 2026 to January 1, 2032. H.B. 2074, L...
OR - Oregon health funding measures extended through 2032
Oregon has extended the sunset dates for certain medical provider assessments, from 2026 to December 31, 2032.Specifically, the sunset date of:health insurance plan premiums or premium equivalents is ...
Oregon has extended the sunset dates for certain medical provider assessments, from 2026 to December 31, 2032.Specifically, the sunset date of:health insurance plan premiums or premium equivalents is ...
PA - Realty transfer tax factors updated
The Pennsylvania Department of Revenue (DOR) has issued revised real estate valuation factors based on sales data compiled by the State Tax Equalization Board in 2023. These factors are the mathematic...
The Pennsylvania Department of Revenue (DOR) has issued revised real estate valuation factors based on sales data compiled by the State Tax Equalization Board in 2023. These factors are the mathematic...
RI - Taxpayers reminded of 2025 LLC filing requirements
The Rhode Island Department of Revenue Division of Taxation has issued a notice summarizing the 2025 income tax filing requirements for LLCs. Notice 2025-01, Rhode Island Division of Taxation, Februa...
The Rhode Island Department of Revenue Division of Taxation has issued a notice summarizing the 2025 income tax filing requirements for LLCs. Notice 2025-01, Rhode Island Division of Taxation, Februa...
SC - Local rate change announced for Clarendon County
South Carolina announced that the 1% school district tax in Clarendon County will expire on June 30, 2025. In addition, the announcement includes charts providing guidance on the various types of loca...
South Carolina announced that the 1% school district tax in Clarendon County will expire on June 30, 2025. In addition, the announcement includes charts providing guidance on the various types of loca...
SD - Municipal tax changes announced
South Dakota has announced that two communities will implement a 1% municipal tax on lodging, dining, alcohol sales, and admissions. The communities of Newell and Wagner will implement the tax startin...
South Dakota has announced that two communities will implement a 1% municipal tax on lodging, dining, alcohol sales, and admissions. The communities of Newell and Wagner will implement the tax startin...
TN - Affordable housing community investment credit for financial institutions modified
Tennessee enacted a law changing the base for the annual community investment franchise and excise tax credit allowed to financial institutions from certain percentages of the unpaid principal balance...
Tennessee enacted a law changing the base for the annual community investment franchise and excise tax credit allowed to financial institutions from certain percentages of the unpaid principal balance...
TX - Certain industrial rental businesses eligible for reduced tax rate
Texas has enacted legislation expanding the industries that may use the reduced Texas franchise tax rate for those engaged in retail or wholesale trade. Effective for franchise tax reports due on or a...
Texas has enacted legislation expanding the industries that may use the reduced Texas franchise tax rate for those engaged in retail or wholesale trade. Effective for franchise tax reports due on or a...
UT - Rich, salt lake and summit Counties impose County-wide local taxes
Effective July 1, 2025, the following counties impose the indicated county-wide taxes:Rich County imposes a 0.3% county option sales and use tax to fund a fixed guideway, public transit or highways;Sa...
Effective July 1, 2025, the following counties impose the indicated county-wide taxes:Rich County imposes a 0.3% county option sales and use tax to fund a fixed guideway, public transit or highways;Sa...
VT - Nonhomestead rate and homestead dollar equivalent yields set for fiscal Year 2026
Vermont has enacted a law setting the property and income dollar equivalent yields for homestead property tax rates and the nonhomestead property tax rate for fiscal year 2026. The law sets the proper...
Vermont has enacted a law setting the property and income dollar equivalent yields for homestead property tax rates and the nonhomestead property tax rate for fiscal year 2026. The law sets the proper...
VA - Overpayment credit barred by statute of limitations
The Virginia Department of Taxation properly denied the claim by the taxpayer’s estate for an income tax overpayment credit because the taxpayer’s return was filed beyond the refund period allowed...
The Virginia Department of Taxation properly denied the claim by the taxpayer’s estate for an income tax overpayment credit because the taxpayer’s return was filed beyond the refund period allowed...
WA - Tax rate increased for payment card processing activities
A new Washington business and occupation (B&O) tax rate of 3.1% has been established for payment card processing activities. The tax rate does not apply where the processor operates or is affiliat...
A new Washington business and occupation (B&O) tax rate of 3.1% has been established for payment card processing activities. The tax rate does not apply where the processor operates or is affiliat...
WV - July 2025 acute care tax rate announced
West Virginia announced a change to the tax rate imposed on acute care hospitals that provide Medicaid and Medicare services in the state. The rate is decreasing from 3.86% to 3.85% starting July 1, 2...
West Virginia announced a change to the tax rate imposed on acute care hospitals that provide Medicaid and Medicare services in the state. The rate is decreasing from 3.86% to 3.85% starting July 1, 2...
WI - DOR bulletin issued
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 229 (April 2025). The Bulletin includes:General Updates and Reminders;Income and Franchise Tax Updates and Reminders;Sales ...
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 229 (April 2025). The Bulletin includes:General Updates and Reminders;Income and Franchise Tax Updates and Reminders;Sales ...
WY - Order of application of property tax exemptions provided
Wyoming has enacted legislation specifying the order in which a taxpayer should apply property tax exemptions when multiple property tax exemptions apply to the same property. The legislation states t...
Wyoming has enacted legislation specifying the order in which a taxpayer should apply property tax exemptions when multiple property tax exemptions apply to the same property. The legislation states t...
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