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 - Department begins administering, collecting local taxes in bayou la batre
Alabama has announced that the City of Bayou La Batre will begin utilizing the Alabama Department of Revenue to administer and collect sales, use, rental, and lodging taxes effective May 1, 2026. The ...
Alabama has announced that the City of Bayou La Batre will begin utilizing the Alabama Department of Revenue to administer and collect sales, use, rental, and lodging taxes effective May 1, 2026. The ...
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 - Waste tire fee guidance revised
Arizona again updated its guidance on waste tire fees, which apply to businesses selling new motor vehicle tires. This revision updates the version released in April 2026. This May 2026 revision intro...
Arizona again updated its guidance on waste tire fees, which apply to businesses selling new motor vehicle tires. This revision updates the version released in April 2026. This May 2026 revision intro...
AR - Local tax rate changes announced
The following Arkansas local sales tax rate changes are effective July 1, 2026:The city of Van Buren increases its sales and use tax rate to 2.5%.The city of Chester imposes a sales and use tax at a r...
The following Arkansas local sales tax rate changes are effective July 1, 2026:The city of Van Buren increases its sales and use tax rate to 2.5%.The city of Chester imposes a sales and use tax at a r...
CA - Oil spill prevention and administration fee rate hike announced
Effective July 1, 2026, through June 30, 2027, the oil spill prevention and administration (OSPA) fee is increased from $0.096 to $0.099 per barrel of crude oil, petroleum products, and renewable fuel...
Effective July 1, 2026, through June 30, 2027, the oil spill prevention and administration (OSPA) fee is increased from $0.096 to $0.099 per barrel of crude oil, petroleum products, and renewable fuel...
CO - Destination management company sales exempted from tax
Colorado has enacted legislation providing a sales and use tax exemption for the sale, storage, use, or consumption of tangible personal property, commodities, or services sold by a destination manage...
Colorado has enacted legislation providing a sales and use tax exemption for the sale, storage, use, or consumption of tangible personal property, commodities, or services sold by a destination manage...
CT - 2026 revision announced of required forms for tobacco products manufacturers
Tobacco products manufacturers are notified of the annual revision of the required forms that must be completed and filed with either the Connecticut Department of Revenue Services or the Connecticut ...
Tobacco products manufacturers are notified of the annual revision of the required forms that must be completed and filed with either the Connecticut Department of Revenue Services or the Connecticut ...
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 - Dealers may round cash transactions if penny is not in production
Sales and use tax dealers may round in-person cash transactions to the nearest nickel if the penny is no longer in production. Rounding applies to cash transactions only. For mixed tender transactions...
Sales and use tax dealers may round in-person cash transactions to the nearest nickel if the penny is no longer in production. Rounding applies to cash transactions only. For mixed tender transactions...
GA - Tax exemption enacted for federal farmer assistance payments
Georgia exempts state income tax for any payments received by individuals, corporations, and partnerships through the USDA's Farmer Bridge Assistance and Specialty Crop Farmers programs for taxable ye...
Georgia exempts state income tax for any payments received by individuals, corporations, and partnerships through the USDA's Farmer Bridge Assistance and Specialty Crop Farmers programs for taxable ye...
HI - Legislature approves IRC conformity bill
The Hawaii Legislature has approved a bill that would update the state's Internal Revenue Code (IRC) tie-in date for computing corporate and individual income tax liability. If approved by the governo...
The Hawaii Legislature has approved a bill that would update the state's Internal Revenue Code (IRC) tie-in date for computing corporate and individual income tax liability. If approved by the governo...
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 - Product shipments from independent packager's warehouse creates nexus
Illinois issued a general information letter discussing the application of nexus standards to an out-of-state S-corporation that used an independent contract packager in the state to bottle, package, ...
Illinois issued a general information letter discussing the application of nexus standards to an out-of-state S-corporation that used an independent contract packager in the state to bottle, package, ...
IN - Updated guidance issued on recently enacted motor vehicle purchase restrictions
Updated guidance is issued regarding recently enacted legislation that provides restrictions on the purchases of motor vehicles by nonresident limited liability companies, partnerships, corporations, ...
Updated guidance is issued regarding recently enacted legislation that provides restrictions on the purchases of motor vehicles by nonresident limited liability companies, partnerships, corporations, ...
IA - NCTI deduction enacted
Iowa Governor Kim Reynolds has signed legislation establishing a state corporate income tax deduction for net controlled foreign corporation tested income (NCTI), retroactively effective for tax years...
Iowa Governor Kim Reynolds has signed legislation establishing a state corporate income tax deduction for net controlled foreign corporation tested income (NCTI), retroactively effective for tax years...
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 - Governor freezes gas tax, motor vehicle assessment rate
Kentucky Gov. Andy Beshear took steps to provide relief from inflation by signing an emergency regulation that will freeze the gas tax rate at 26.4 cents per gallon ahead of an expected increase to 27...
Kentucky Gov. Andy Beshear took steps to provide relief from inflation by signing an emergency regulation that will freeze the gas tax rate at 26.4 cents per gallon ahead of an expected increase to 27...
LA - Drugs for medicare patients were exempt
In a series of cases, Louisiana’s Fifth Circuit Court of Appeal has ruled that healthcare providers’ purchases of prescription drugs from wholesalers or distributors that were subsequently adminis...
In a series of cases, Louisiana’s Fifth Circuit Court of Appeal has ruled that healthcare providers’ purchases of prescription drugs from wholesalers or distributors that were subsequently adminis...
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 - Rounding excluded from tax base
Legislation has been enacted clarifying that the definition of “taxable price” for Maryland sales and use tax does not include any amount up to two cents collected due to rounding. Ch. 515 (H.B. 1...
Legislation has been enacted clarifying that the definition of “taxable price” for Maryland sales and use tax does not include any amount up to two cents collected due to rounding. Ch. 515 (H.B. 1...
MA - Penny rounding adjustments do not affect tax remittance
Massachusetts issued guidance on sales and use tax requirements following the elimination of penny production in 2025. The state confirms that vendors must calculate sales tax based on the exact sales...
Massachusetts issued guidance on sales and use tax requirements following the elimination of penny production in 2025. The state confirms that vendors must calculate sales tax based on the exact sales...
MI - Taxpayer's medical items did not qualify for prosthetic device exemption
A provider of medical devices did not qualify for the Michigan sales tax exemption for prosthetic devices because its sales of items, such as prescription bandages, prescription underpads, and patient...
A provider of medical devices did not qualify for the Michigan sales tax exemption for prosthetic devices because its sales of items, such as prescription bandages, prescription underpads, and patient...
MN - Conformity update, pass-through entity tax extension in bill sent to governor
The Minnesota Legislature has approved an omnibus tax bill that, if signed by the governor, would notably:update Minnesota's IRC tie-in date for income and franchise tax purposes to May 1, 2026, with ...
The Minnesota Legislature has approved an omnibus tax bill that, if signed by the governor, would notably:update Minnesota's IRC tie-in date for income and franchise tax purposes to May 1, 2026, with ...
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 - Four constitutional amendments placed on august primary election ballot
Missouri Gov. Mike Kehoe announced that he has signed proclamations placing Amendment 1, Amendment 2 (HJR 23/3), Amendment 4 (HJR 3), and Amendment 5 (HJR 173/174) on the August primary election ballo...
Missouri Gov. Mike Kehoe announced that he has signed proclamations placing Amendment 1, Amendment 2 (HJR 23/3), Amendment 4 (HJR 3), and Amendment 5 (HJR 173/174) on the August primary election ballo...
MT - Governor petitions state supreme court
Montana Gov. Greg Gianforte has petitioned the Montana Supreme Court to exercise original jurisdiction and provide an expedited ruling on a recent lawsuit challenging the constitutionality of property...
Montana Gov. Greg Gianforte has petitioned the Montana Supreme Court to exercise original jurisdiction and provide an expedited ruling on a recent lawsuit challenging the constitutionality of property...
NE - Advantage act tier 6 base-year employee calculations amended
If a taxpayer has met the required levels of employment and investment for a tier 6 project under the Nebraska Advantage Act and sells or transfers a portion of the business to an entity that is not p...
If a taxpayer has met the required levels of employment and investment for a tier 6 project under the Nebraska Advantage Act and sells or transfers a portion of the business to an entity that is not p...
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 - Department shares tax tips and filing guidance for 2026
The New Hampshire Department of Revenue Administration shared updates and reminders for the 2026 filing season, including information on:form adjustments and updated forms;meals and rentals tax guidan...
The New Hampshire Department of Revenue Administration shared updates and reminders for the 2026 filing season, including information on:form adjustments and updated forms;meals and rentals tax guidan...
NJ - NCTI And FDDEI reporting guidance updated
New Jersey updated its guidance on the corporation business tax to reflect changes in terminology under the One Big Beautiful Bill Act. Foreign-Derived Intangible Income (FDII) is now referred to as F...
New Jersey updated its guidance on the corporation business tax to reflect changes in terminology under the One Big Beautiful Bill Act. Foreign-Derived Intangible Income (FDII) is now referred to as F...
NM - Long-term motor vehicle lease exemption denied
The New Mexico Administrative Hearings Office found that the motor vehicle excise tax exemption for vehicles purchased for long-term lease did not apply to a taxpayer who purchased a vehicle and lease...
The New Mexico Administrative Hearings Office found that the motor vehicle excise tax exemption for vehicles purchased for long-term lease did not apply to a taxpayer who purchased a vehicle and lease...
NY - Certain like-kind exchange expenses disallowed, penalties upheld
In a New York case involving an LLC that engaged in a like-kind exchange, the individual owners failed to support various claimed expenses, such as broker's fees, and also failed to substantiate their...
In a New York case involving an LLC that engaged in a like-kind exchange, the individual owners failed to support various claimed expenses, such as broker's fees, and also failed to substantiate their...
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 - Transactions taxable ADP and EIS
On remand from the Ohio Supreme Court, the Board of Tax Appeals denied a taxpayer’s sales and use tax refund claim, concluding that the true object of the transactions was taxable automatic data pro...
On remand from the Ohio Supreme Court, the Board of Tax Appeals denied a taxpayer’s sales and use tax refund claim, concluding that the true object of the transactions was taxable automatic data pro...
OK - Requirement to increase excise tax on gasoline or diesel fuel eliminated
Oklahoma has repealed the requirement that the state excise tax on gasoline or diesel fuel must be increased in response to any reduction in the federal excise tax. H.B. 1370, Laws 2026, effective May...
Oklahoma has repealed the requirement that the state excise tax on gasoline or diesel fuel must be increased in response to any reduction in the federal excise tax. H.B. 1370, Laws 2026, effective May...
OR - Transportation measure heading to defeat
Unofficial results show that Oregon's Measure 120, regarding transportation funding, is heading to defeat. If approved, the Measure would have increased fuel taxes, registration/title fees for roads, ...
Unofficial results show that Oregon's Measure 120, regarding transportation funding, is heading to defeat. If approved, the Measure would have increased fuel taxes, registration/title fees for roads, ...
PA - Deadline for property tax/rent rebate program extended
Pennsylvania has extended the deadline for its Property Tax/Rent Rebate (PTRR) program to December 31, 2026, allowing eligible seniors, widows and widowers, and individuals with disabilities additiona...
Pennsylvania has extended the deadline for its Property Tax/Rent Rebate (PTRR) program to December 31, 2026, allowing eligible seniors, widows and widowers, and individuals with disabilities additiona...
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 - Renewable natural gas credit enacted
South Carolina has enacted a credit for 25% of the costs incurred by a taxpayer for the purchase and installation of equipment used to produce renewable natural gas for commercial purposes. The credit...
South Carolina has enacted a credit for 25% of the costs incurred by a taxpayer for the purchase and installation of equipment used to produce renewable natural gas for commercial purposes. The credit...
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 - Redemption period provisions revised
Tennessee has revised the property tax redemption period as follows. If the period of delinquency is 3 years or less, the redemption period is 1 year from the entry of the order confirming the sale. F...
Tennessee has revised the property tax redemption period as follows. If the period of delinquency is 3 years or less, the redemption period is 1 year from the entry of the order confirming the sale. F...
TX - Timber production exemption guidelines issued
Texas issued revised guidance on sales and use tax exemptions applicable to timber production. The ruling specifies items exempt from sales tax when purchased with a current Agricultural and Timber Re...
Texas issued revised guidance on sales and use tax exemptions applicable to timber production. The ruling specifies items exempt from sales tax when purchased with a current Agricultural and Timber Re...
UT - Publication on abatement, deferral and exemption programs for individuals revised
The Utah State Tax Commission has updated its publication on property abatement, deferral, and exemption programs for individuals. Specifically, the publication covers general tax relief (renter credi...
The Utah State Tax Commission has updated its publication on property abatement, deferral, and exemption programs for individuals. Specifically, the publication covers general tax relief (renter credi...
VT - New local option taxes IRC conformity bill passed by senate
The Vermont Senate has passed a bill that, if enacted, would change the state's IRC conformity date from December 31, 2024, to December 31, 2025, applicable to taxable years beginning on and after Jan...
The Vermont Senate has passed a bill that, if enacted, would change the state's IRC conformity date from December 31, 2024, to December 31, 2025, applicable to taxable years beginning on and after Jan...
VA - Storage tank fee reduced
For the period July 1, 2026, through June 30, 2027, the Virginia storage tank fee decreases from 0.6 cents per gallon to 0.2 cents per gallon. Fuels Tax Rates and Alternative Fuels Conversion, Virgini...
For the period July 1, 2026, through June 30, 2027, the Virginia storage tank fee decreases from 0.6 cents per gallon to 0.2 cents per gallon. Fuels Tax Rates and Alternative Fuels Conversion, Virgini...
WA - Medical cannabis retailers failed to meet recordkeeping requirements
Taxpayers that had medical cannabis endorsements did not qualify for Washington sales tax exemptions on certain sales to customers with patient recognition cards because they failed to satisfy mandate...
Taxpayers that had medical cannabis endorsements did not qualify for Washington sales tax exemptions on certain sales to customers with patient recognition cards because they failed to satisfy mandate...
WV - Product value was wrong method for computing gas producer's liability
The West Virginia Supreme Court affirmed a court of appeals ruling that a natural gas producer was entitled to significant tax refunds because the tax commissioner failed to follow clear statutory and...
The West Virginia Supreme Court affirmed a court of appeals ruling that a natural gas producer was entitled to significant tax refunds because the tax commissioner failed to follow clear statutory and...
WI - Taxpayer relief fails to move forward
Bipartisan legislation that would have used the state’s surplus to provide property tax relief, eliminate state income tax on tipped and overtime income, as well as other provisions, has failed to a...
Bipartisan legislation that would have used the state’s surplus to provide property tax relief, eliminate state income tax on tipped and overtime income, as well as other provisions, has failed to a...
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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