Tax Alerts
Tax Briefing(s)
2026 Post-Filing Season Update2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2026-22)
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). This...
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). This...
IRS Updates Conservation Easement Guidance; Warns of Abusive Tax Shelter Risks (IR 2026-63)
The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions. In the announcement, the IRS stated that promoter-driven conservation easement...
The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions. In the announcement, the IRS stated that promoter-driven conservation easement...
IRS Informs Taxpayers On Filing Amended Returns To Correct Errors
The IRS has advised individual taxpayers that errors in a filed federal return may be corrected by submitting an amended return where key items affecting tax liability have changed. Amendments are gen...
The IRS has advised individual taxpayers that errors in a filed federal return may be corrected by submitting an amended return where key items affecting tax liability have changed. Amendments are gen...
IRS Highlights Digital Tools for Small Businesses During National Small Business Week (Tax Tip 2026-38)
The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week. These tools are...
The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week. These tools are...
AL - Interest rate increased for third quarter of 2026
The interest rate on underpayments and overpayments of Alabama taxes will increase to 7% for the third quarter of 2026. Quarterly Interest Rates, Alabama Department of Revenue, June 16, 2026...
The interest rate on underpayments and overpayments of Alabama taxes will increase to 7% for the third quarter of 2026. Quarterly Interest Rates, Alabama Department of Revenue, June 16, 2026...
AK - Anchorage responsible for natural gas production tax obligations
A dispute arose over how to calculate tax credits for the Municipality of Anchorage’s natural gas production. Alaska law taxes the production of natural gas, while also allowing gas producers to cla...
A dispute arose over how to calculate tax credits for the Municipality of Anchorage’s natural gas production. Alaska law taxes the production of natural gas, while also allowing gas producers to cla...
AZ - Updated local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective July 1, 2026. It includes rate changes for Florence and South Tucson. Transaction Privilege and Other ...
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective July 1, 2026. It includes rate changes for Florence and South Tucson. Transaction Privilege and Other ...
AR - Pallets used in delivery not eligible for resale exemption
A manufacturer of chicken and food products was not eligible for an Arkansas sales tax refund on rentals of pallets used to delivery its products because such transactions were not "sales for resale"....
A manufacturer of chicken and food products was not eligible for an Arkansas sales tax refund on rentals of pallets used to delivery its products because such transactions were not "sales for resale"....
CA - OTA had jurisdiction over appeal, but appeal was moot
The California Office of Tax Appeals (OTA) had jurisdiction to consider a taxpayer's appeal of the Franchise Tax Board's (FTB) denial of a claim for refund of an unclaimed property credit for the 2018...
The California Office of Tax Appeals (OTA) had jurisdiction to consider a taxpayer's appeal of the Franchise Tax Board's (FTB) denial of a claim for refund of an unclaimed property credit for the 2018...
CO - Business personal property exemption set, qualified-senior primary residence classification repealed
Colorado has enacted legislation affecting the business personal property tax exemption and the qualified-senior primary residence classification.Business personal property tax exemptionThe business p...
Colorado has enacted legislation affecting the business personal property tax exemption and the qualified-senior primary residence classification.Business personal property tax exemptionThe business p...
CT - 2026-2027 motor vehicle fuels tax rate on diesel announced
Effective July 1, 2026, through June 30, 2027, the Connecticut motor vehicle fuels tax rate applicable to the sale or use of diesel fuel is $0.499 per gallon (formerly, $0.489). Announcement 2026(2), ...
Effective July 1, 2026, through June 30, 2027, the Connecticut motor vehicle fuels tax rate applicable to the sale or use of diesel fuel is $0.499 per gallon (formerly, $0.489). Announcement 2026(2), ...
DE - Film credit, increase in cigarette and tobacco taxes proposed
Delaware Gov. Matt Meyer delivered a presentation for his fiscal year 2027 budget that includes proposals to increase taxes on cigarettes and other tobacco products and to establish a film tax credit....
Delaware Gov. Matt Meyer delivered a presentation for his fiscal year 2027 budget that includes proposals to increase taxes on cigarettes and other tobacco products and to establish a film tax credit....
DC - District AG opinion affirms nonconformity legislation
The District of Columbia Attorney General issued an opinion on personal and corporate income tax liabilities for tax year 2025. The opinion states that House Joint Resolution 142, disapproving of Emer...
The District of Columbia Attorney General issued an opinion on personal and corporate income tax liabilities for tax year 2025. The opinion states that House Joint Resolution 142, disapproving of Emer...
FL - Guidance provided on rounding method to be used for in-person cash transactions
Guidance is provided for businesses regarding rounding to the nearest nickel for in-person cash transactions since the penny is no longer in production.Rounding MethodThe United States Treasury ended ...
Guidance is provided for businesses regarding rounding to the nearest nickel for in-person cash transactions since the penny is no longer in production.Rounding MethodThe United States Treasury ended ...
GA - Withholding guide for employers updated
Georgia updated its guidance on personal income tax withholding requirements for employers in 2026. The revisions include a reduction in the state income tax rate from 5.19% to 4.99%, effective May 11...
Georgia updated its guidance on personal income tax withholding requirements for employers in 2026. The revisions include a reduction in the state income tax rate from 5.19% to 4.99%, effective May 11...
HI - Renewable energy systems placed in service in 2026 not subject to aggregate credit cap
Hawaii Gov. Josh Green has issued an executive order effectively preserving renewable energy technologies income tax credits for tax year 2026. Act 24 (S.B. 3125), Laws 2026, made significant changes ...
Hawaii Gov. Josh Green has issued an executive order effectively preserving renewable energy technologies income tax credits for tax year 2026. Act 24 (S.B. 3125), Laws 2026, made significant changes ...
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 - Cigarette and tobacco tax rules adopted and amended
Illinois adopted and amended numerous cigarette and tobacco tax rules to:update the information that taxpayers must report when filing returns;implement electronic return filing and payment requiremen...
Illinois adopted and amended numerous cigarette and tobacco tax rules to:update the information that taxpayers must report when filing returns;implement electronic return filing and payment requiremen...
IN - Tax applies to direct mail taxpayer's charges for imaging and digital services
The taxpayer, an Indiana based direct mail producer and printer, should collect sales tax on charges for imaging and digital services, production, finishing and bindery services, shipping, and adminis...
The taxpayer, an Indiana based direct mail producer and printer, should collect sales tax on charges for imaging and digital services, production, finishing and bindery services, shipping, and adminis...
IA - Rules related to historic preservation tax credit rescinded and adopted
Iowa announced that the Economic Development Authority (Authority) is rescinding Chapter 49 and adopting a new chapter in its place. The chapter describes the policies and procedures applicable to the...
Iowa announced that the Economic Development Authority (Authority) is rescinding Chapter 49 and adopting a new chapter in its place. The chapter describes the policies and procedures applicable to the...
KS - World cup transient guest tax changes discussed
Kansas issued guidance on transient guest tax changes during the 2026 FIFA World Cup from May 15, 2026 to July 25, 2026. The state enacted legislation that temporarily changed the definition of "trans...
Kansas issued guidance on transient guest tax changes during the 2026 FIFA World Cup from May 15, 2026 to July 25, 2026. The state enacted legislation that temporarily changed the definition of "trans...
KY - Executive order on motor fuels rate reduction extended
Kentucky Gov. Andy Beshear announced an extension of his executive order reducing gas and special fuel tax rates by 10 cents per gallon in 33 cities and counties where local officials requested an ext...
Kentucky Gov. Andy Beshear announced an extension of his executive order reducing gas and special fuel tax rates by 10 cents per gallon in 33 cities and counties where local officials requested an ext...
LA - Underpayment penalties modified
Beginning with the 2026 tax year, no underpayment penalty is imposed if 70% (formerly, 90%) of personal income tax due for the year was made in estimated payments. Act 307 (H.B. 633), Laws 2026, effec...
Beginning with the 2026 tax year, no underpayment penalty is imposed if 70% (formerly, 90%) of personal income tax due for the year was made in estimated payments. Act 307 (H.B. 633), Laws 2026, effec...
ME - Data centers excluded from specified incentives
Data centers beginning operation on or after August 1, 2026, are excluded from Maine's Business Equipment Tax Exemption (BETE) and Dirigo Business Incentives Program. L.D. 713 (H.P. 452), Laws 2026, e...
Data centers beginning operation on or after August 1, 2026, are excluded from Maine's Business Equipment Tax Exemption (BETE) and Dirigo Business Incentives Program. L.D. 713 (H.P. 452), Laws 2026, e...
MD - Modernized tax portal launching for individual filers
Maryland announced the expansion of Maryland Tax Connect, a modernized, cloud-based platform, to serve personal income tax filers. Maryland Tax Connect will be available to individual taxpayers beginn...
Maryland announced the expansion of Maryland Tax Connect, a modernized, cloud-based platform, to serve personal income tax filers. Maryland Tax Connect will be available to individual taxpayers beginn...
MA - Interest rates increased for the third quarter of 2026
Massachusetts announced an increase of the quarterly interest rates on overpayments and underpayments of income taxes. The rates for the period July 1, 2026, through September 30, 2026, are:overpaymen...
Massachusetts announced an increase of the quarterly interest rates on overpayments and underpayments of income taxes. The rates for the period July 1, 2026, through September 30, 2026, are:overpaymen...
MI - List of community foundations for Michigan business tax credit released
The Michigan Department of Treasury has released a list of certified community foundations for tax year 2026 for purposes of the Michigan business tax credit for contributions to community foundations...
The Michigan Department of Treasury has released a list of certified community foundations for tax year 2026 for purposes of the Michigan business tax credit for contributions to community foundations...
MN - Extension of limitations period, imposition of negligence penalty upheld
The Minnesota Supreme Court affirmed the tax court’s decision upholding additional assessments of sales tax, penalties, and interest against a retail business for underreporting its tax liability. T...
The Minnesota Supreme Court affirmed the tax court’s decision upholding additional assessments of sales tax, penalties, and interest against a retail business for underreporting its tax liability. T...
MS - Tupelo water procurement facility tax applies to groceries
Mississippi issued a notice regarding the effect of recent legislation on the Tupelo Water Procurement Facility Tax. Effective May 1, 2026, retail sales within the City of Tupelo of groceries taxed at...
Mississippi issued a notice regarding the effect of recent legislation on the Tupelo Water Procurement Facility Tax. Effective May 1, 2026, retail sales within the City of Tupelo of groceries taxed at...
MO - Counties authorizing juvenile detention facility authorized to impose tax, subject to voter approval
Subject to voter approval, Missouri counties authorizing a juvenile detention facility may impose a sales tax of up to 1% on all retail sales for the purpose of providing such a facility. H.B. 2637, L...
Subject to voter approval, Missouri counties authorizing a juvenile detention facility may impose a sales tax of up to 1% on all retail sales for the purpose of providing such a facility. H.B. 2637, L...
MT - Shareholder promissory notes were not straight debt
Taxpayers appealed a final decision by the Montana Department of Revenue (Department) denying a deduction for interest paid on shareholder promissory notes (Subject Transactions). The Department concl...
Taxpayers appealed a final decision by the Montana Department of Revenue (Department) denying a deduction for interest paid on shareholder promissory notes (Subject Transactions). The Department concl...
NE - Reminder issued on homestead exemption due date
The Nebraska Department of Revenue has reminded property owners that the Nebraska Homestead Exemption Application (Form 458) is due to their county assessors by June 30, 2026. The exemption is availab...
The Nebraska Department of Revenue has reminded property owners that the Nebraska Homestead Exemption Application (Form 458) is due to their county assessors by June 30, 2026. The exemption is availab...
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 - BPT estimated tax credit amounts amended
New Hampshire Business Profits Tax estimated tax payment credit amounts have been amended as follows.For tax periods after ending on or after December 31, 2033, the maximum credit is 350% of tax liabi...
New Hampshire Business Profits Tax estimated tax payment credit amounts have been amended as follows.For tax periods after ending on or after December 31, 2033, the maximum credit is 350% of tax liabi...
NJ - Nexus guidance updated to discuss NFTs
New Jersey revised its technical bulletin discussing nexus to clarify that when the transfer of non-fungible tokens (NFTs) solely represents a transfer of the legal ownership rights in the underlying ...
New Jersey revised its technical bulletin discussing nexus to clarify that when the transfer of non-fungible tokens (NFTs) solely represents a transfer of the legal ownership rights in the underlying ...
NM - 2026 Q3 interest rates announced
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...
NY - Enacted budget extends refundability of investment tax credit for farmers
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied ...
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied ...
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 - Local rate changes announced
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
OH - 2026 third quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2026.The average prices per gallon for the second quarter are:$1.956 for unleaded gasolin...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2026.The average prices per gallon for the second quarter are:$1.956 for unleaded gasolin...
OK - Additional local tax rate change announced
The Oklahoma Tax Commission has announced an additional local sales and use tax change for the period of July 1, 2026 through September 30, 2026. Hominy decreases its sales and use tax rate to 3.0%. R...
The Oklahoma Tax Commission has announced an additional local sales and use tax change for the period of July 1, 2026 through September 30, 2026. Hominy decreases its sales and use tax rate to 3.0%. R...
OR - Portland arts tax amended
Portland has amended its Arts Tax to provide tax relief and enhance the sustainability of the Arts Access Fund.The tax is increased from $35 to $50 on each resident of Portland who is at least 18 in t...
Portland has amended its Arts Tax to provide tax relief and enhance the sustainability of the Arts Access Fund.The tax is increased from $35 to $50 on each resident of Portland who is at least 18 in t...
PA - Philadelphia amends cell tower U&O tax
Philadelphia has approved a budget that includes changes to the Use & Occupancy (U&O) Tax calculation for properties with cell towers. The new calculation method is intended to ensure that cel...
Philadelphia has approved a budget that includes changes to the Use & Occupancy (U&O) Tax calculation for properties with cell towers. The new calculation method is intended to ensure that cel...
RI - Prepaid cigarette tax will increase
Rhode Island prepaid sales tax on cigarettes increases to 95 cents (from 90 cents) per pack on July 1, 2026. The prepaid sales tax is calculated annually on April 1 based on the average retail price. ...
Rhode Island prepaid sales tax on cigarettes increases to 95 cents (from 90 cents) per pack on July 1, 2026. The prepaid sales tax is calculated annually on April 1 based on the average retail price. ...
SC - New pregnancy resource tax credit discussed
South Carolina issued an information letter explaining the recently enacted Pregnancy Resource Tax Credit, which allows a nonrefundable income tax credit for taxpayers making voluntary cash contributi...
South Carolina issued an information letter explaining the recently enacted Pregnancy Resource Tax Credit, which allows a nonrefundable income tax credit for taxpayers making voluntary cash contributi...
SD - Revised maximum property tax levies for school districts enacted
For South Dakota property taxes payable in 2027, and for each year thereafter, the maximum levy for school district general education funds the limit per $1,000 of taxable valuation is:a total of $4.8...
For South Dakota property taxes payable in 2027, and for each year thereafter, the maximum levy for school district general education funds the limit per $1,000 of taxable valuation is:a total of $4.8...
TN - Relief application process simplified for certain elderly taxpayers
Under a recently enacted Tennessee property tax law, a collecting official or the division of property assessments is not required to request documentation verifying the income of an elderly person se...
Under a recently enacted Tennessee property tax law, a collecting official or the division of property assessments is not required to request documentation verifying the income of an elderly person se...
TX - Cost of goods sold rule amended
Texas revised its rule regarding the cost of goods sold (COGS) deduction under the state's franchise tax to address some recent legislation, policy changes, and court cases. The amendments include:Dep...
Texas revised its rule regarding the cost of goods sold (COGS) deduction under the state's franchise tax to address some recent legislation, policy changes, and court cases. The amendments include:Dep...
UT - Sigurd and stockton impose local taxes
The Utah Tax Commission has announced the following sales and use tax changes, effective July 1, 2026:Sigurd (Sevier County) imposes the city or town option sales and use tax at the rate of 0.3%. The ...
The Utah Tax Commission has announced the following sales and use tax changes, effective July 1, 2026:Sigurd (Sevier County) imposes the city or town option sales and use tax at the rate of 0.3%. The ...
VT - New local option taxes announced for town of Peru
Vermont announced that, beginning October 1, 2026, the municipality of Peru is adding a 1% local option sales tax and a 1% local option meals tax and alcoholic beverage tax. Local Option Taxes, Vermon...
Vermont announced that, beginning October 1, 2026, the municipality of Peru is adding a 1% local option sales tax and a 1% local option meals tax and alcoholic beverage tax. Local Option Taxes, Vermon...
VA - Agreement announced to create, regulate, and tax legal retail cannabis market
Virginia Gov. Abigail Spanberger, Senator Lashrecse Aird, and Delegate Paul Krizek announced an agreement to create, regulate, and tax an adult-use retail cannabis market through the budget process. U...
Virginia Gov. Abigail Spanberger, Senator Lashrecse Aird, and Delegate Paul Krizek announced an agreement to create, regulate, and tax an adult-use retail cannabis market through the budget process. U...
WA - Taxpayer did not qualify for securitization entity exemption
A group of grantor's trusts did not qualify for Washington's securitization entity exemption from business and occupation (B&O) tax. The exemption applies to entities created by a bank holding com...
A group of grantor's trusts did not qualify for Washington's securitization entity exemption from business and occupation (B&O) tax. The exemption applies to entities created by a bank holding com...
WV - Guidance revised on gambling withholding
West Virginia revised guidance on withholding requirements for gambling winnings to reflect an increase in the threshold for federal backup withholding requirements. The minimum federal threshold amou...
West Virginia revised guidance on withholding requirements for gambling winnings to reflect an increase in the threshold for federal backup withholding requirements. The minimum federal threshold amou...
WI - Commission lacked jurisdiction
The Wisconsin Tax Appeals Commission granted a Wisconsin Department of Revenue Motion to Dismiss. The taxpayer had not filed taxes since 2005. In addition to over 100 pieces of correspondence to the t...
The Wisconsin Tax Appeals Commission granted a Wisconsin Department of Revenue Motion to Dismiss. The taxpayer had not filed taxes since 2005. In addition to over 100 pieces of correspondence to the t...
WY - Electronic tax notices authorized
Wyoming has enacted legislation allowing the Department of Revenue to send notices related to sales and use tax electronically if a taxpayer has provided electronic contact information to the Departme...
Wyoming has enacted legislation allowing the Department of Revenue to send notices related to sales and use tax electronically if a taxpayer has provided electronic contact information to the Departme...
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