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)
2027 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2026-24)
The IRS has released the 2027 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2027, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
The IRS has released the 2027 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2027, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
IRS Adds New Trump Account Features to IRS Individual Accounts (IR 2026-68)
The IRS has introduced new online features that allow taxpayers to view and submit Trump Account elections through their IRS Individual Account. The new tools are meant to make the process easier, fa...
The IRS has introduced new online features that allow taxpayers to view and submit Trump Account elections through their IRS Individual Account. The new tools are meant to make the process easier, fa...
IRS and Security Summit Partners Launch New Fraud Prevention Framework (IR 2026-75)
The IRS and its Security Summit partners have announced a new framework to better protect taxpayers from identity theft and tax fraud. The updated approach is designed to improve information sharing a...
The IRS and its Security Summit partners have announced a new framework to better protect taxpayers from identity theft and tax fraud. The updated approach is designed to improve information sharing a...
IRS Highlights Verified Social Media and e-News Resources for Tax Information
The IRS has encouraged taxpayers to use official IRS social media accounts and e-News services to stay informed and avoid false tax information online. Social media can be a helpful way to get updates...
The IRS has encouraged taxpayers to use official IRS social media accounts and e-News services to stay informed and avoid false tax information online. Social media can be a helpful way to get updates...
ETAAC Report Highlights Technology, AI and Taxpayer Service Priorities (IR 2026-77)
The IRS Electronic Tax Administration Advisory Committee released its 2026 annual report with 18 recommendations aimed at improving electronic tax administration and taxpayer service. Six recommendati...
The IRS Electronic Tax Administration Advisory Committee released its 2026 annual report with 18 recommendations aimed at improving electronic tax administration and taxpayer service. Six recommendati...
Inflation Adjusted Credit Rate for Carbon Dioxide Sequestration Released (Notice 2026-29)
The IRS has released the inflation adjustment factor for the credit for carbon oxide sequestration under Code Sec. 45Q for 2026. The inflation adjustment factor is 1.4639, and the credit is $29.28 p...
The IRS has released the inflation adjustment factor for the credit for carbon oxide sequestration under Code Sec. 45Q for 2026. The inflation adjustment factor is 1.4639, and the credit is $29.28 p...
IRS Issues Nonconventional Source Fuel Reference Price for 2025 (Notice 2026-30)
The IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013, for facili...
The IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013, for facili...
2026 Marginal Production Percentage Depletion Rates Announced (Notice 2026-35)
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2026 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 2026 calendar year. Code Sec. 613A(c)(6)(C) defi...
AL - Calera tax rate changes announced
Alabama announced new sales, use, and rental tax rate changes for the City of Calera effective July 1, 2026. The general sales and use tax rate increases from 4% to 5%, while the rental tax general ra...
Alabama announced new sales, use, and rental tax rate changes for the City of Calera effective July 1, 2026. The general sales and use tax rate increases from 4% to 5%, while the rental tax general ra...
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 - 2026-2027 IFTA and interstate user diesel fuel tax rates announced
The motor fuels tax rate that International Fuel Tax Agreement (IFTA) and Interstate User Diesel Fuel Tax (DI) licensees report and pay with their quarterly tax returns for diesel fuel purchased outsi...
The motor fuels tax rate that International Fuel Tax Agreement (IFTA) and Interstate User Diesel Fuel Tax (DI) licensees report and pay with their quarterly tax returns for diesel fuel purchased outsi...
CO - Sale of credits to non-insurance entities authorized
Colorado has enacted legislation authorizing the Department of the Treasury to sell insurance premium tax credits to non-insurance entities. Prior legislation authorized the department to sell a limit...
Colorado has enacted legislation authorizing the Department of the Treasury to sell insurance premium tax credits to non-insurance entities. Prior legislation authorized the department to sell a limit...
CT - 2026-2027 prepaid wireless E 9-1-1 fee announced
Effective July 1, 2026, through June 30, 2027, the Connecticut prepaid wireless E 9-1-1 fee that retailers of prepaid wireless telecommunications service are required to collect from consumers is $0.7...
Effective July 1, 2026, through June 30, 2027, the Connecticut prepaid wireless E 9-1-1 fee that retailers of prepaid wireless telecommunications service are required to collect from consumers is $0.7...
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 - 2026-2027 indexed tax rate on asphalt manufactured by a contractor announced
Effective July 1, 2026, through June 30, 2027, the indexed tax rate for the calculation of Florida use tax due on asphalt manufactured by a contractor for the contractor’s own use is $1.19 (formerly...
Effective July 1, 2026, through June 30, 2027, the indexed tax rate for the calculation of Florida use tax due on asphalt manufactured by a contractor for the contractor’s own use is $1.19 (formerly...
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 - Revised motor fuel use tax rates for July 1 to December 31, 2026
Illinois revised and replaced guidance on motor fuel use tax rates for International Fuel Tax Agreement (IFTA) licensees (after a state law suspended the annual Consumer Price Index adjustment for 6 m...
Illinois revised and replaced guidance on motor fuel use tax rates for International Fuel Tax Agreement (IFTA) licensees (after a state law suspended the annual Consumer Price Index adjustment for 6 m...
IN - Guidance provided on deductions for qualified tips, overtime compensation, and passenger vehicle loan interest
New guidance is provided on legislation enacted in 2026 that created new deductions for tips, overtime compensation, and qualified passenger vehicle loan interest. These deduction are in place only fo...
New guidance is provided on legislation enacted in 2026 that created new deductions for tips, overtime compensation, and qualified passenger vehicle loan interest. These deduction are in place only fo...
IA - Rules related to fiduciary income tax rescinded and adopted
Iowa announced that the Revenue Department is rescinding and readopting Chapter 700, “Fiduciary Income Tax”. This chapter contains rules focused on the administration of fiduciary income in the ap...
Iowa announced that the Revenue Department is rescinding and readopting Chapter 700, “Fiduciary Income Tax”. This chapter contains rules focused on the administration of fiduciary income in the ap...
KS - Local transient guest tax rate changes for July 1, 2026 announced
Kansas announced local transient guest tax rate changes for the second quarter of 2026. Effective July 1, 2026, the transient guest tax rates are:6% for the City of Larned, Leavenworth County, and Mit...
Kansas announced local transient guest tax rate changes for the second quarter of 2026. Effective July 1, 2026, the transient guest tax rates are:6% for the City of Larned, Leavenworth County, and Mit...
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 - Change in procedure for roof tax credit announced
The Louisiana Department of Revenue has announced that a preliminary fortified home evaluation is no longer required to qualify for the fortified roof tax credit against personal income tax. Revenue I...
The Louisiana Department of Revenue has announced that a preliminary fortified home evaluation is no longer required to qualify for the fortified roof tax credit against personal income tax. Revenue I...
ME - Summary of enacted legislation issued
Maine Revenue Services has issued a summary of legislation enacted during the 2026 Legislative Session. 2026 Legislation Enacted, Maine Revenue Services, June 15, 2026...
Maine Revenue Services has issued a summary of legislation enacted during the 2026 Legislative Session. 2026 Legislation Enacted, Maine Revenue Services, June 15, 2026...
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 - Conformity to OBBBA changes detailed
Massachusetts provided guidance on its conformity to federal tax law changes enacted in Public Law No. 119-21, also known as the One Big Beautiful Bill Act (OBBBA). The guidance, in the form of a char...
Massachusetts provided guidance on its conformity to federal tax law changes enacted in Public Law No. 119-21, also known as the One Big Beautiful Bill Act (OBBBA). The guidance, in the form of a char...
MI - Rental restrictions should be considered in determining senior care center's valuation
The Michigan Tax Tribunal's valuation of a continuing senior care retirement center (CCRC) was reversed and remanded because it failed to consider rent restrictions under 26 USC 142 in its valuation. ...
The Michigan Tax Tribunal's valuation of a continuing senior care retirement center (CCRC) was reversed and remanded because it failed to consider rent restrictions under 26 USC 142 in its valuation. ...
MN - Presumed abandonment periods established for virtual currency, prepaid funeral funds
Minnesota updated its unclaimed property laws to establish presumed abandonment periods for virtual currency and funds held for the prepayment of funeral expenses. In addition, funds held in certain t...
Minnesota updated its unclaimed property laws to establish presumed abandonment periods for virtual currency and funds held for the prepayment of funeral expenses. In addition, funds held in certain t...
MS - Non-settling manufacturer fee increases
Mississippi increased the non-settling manufacturer fee imposed on cigarettes, which is imposed on cigarettes from manufacturers who are not parties to the tobacco settlement agreement. Effective July...
Mississippi increased the non-settling manufacturer fee imposed on cigarettes, which is imposed on cigarettes from manufacturers who are not parties to the tobacco settlement agreement. Effective July...
MO - Taxability of hotel charges paid by the federal government discussed
Hotel lodging charges are exempt from Missouri state and local sales and use tax when payment is made directly by the U.S. Government. Also, the lodging charges are exempt from state and local sales a...
Hotel lodging charges are exempt from Missouri state and local sales and use tax when payment is made directly by the U.S. Government. Also, the lodging charges are exempt from state and local sales a...
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 - Motor fuels tax rate remains unchanged
The Nebraska motor fuels tax rate remains 31.8 cents per gallon for the period of July 1 through December 31, 2026. News Release, Nebraska Department of Revenue, June 23, 2026...
The Nebraska motor fuels tax rate remains 31.8 cents per gallon for the period of July 1 through December 31, 2026. News Release, Nebraska Department of Revenue, June 23, 2026...
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 - ACH credit banking information update
New Jersey has issued notices to certain taxpayers regarding ACH (Automated Clearing House) banking information used for tax and employer payments. The New Jersey Division of Revenue and Enterprise Se...
New Jersey has issued notices to certain taxpayers regarding ACH (Automated Clearing House) banking information used for tax and employer payments. The New Jersey Division of Revenue and Enterprise Se...
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 - Expiration of provisions relating to assessments and reviews of assessments in Nassau County extended
Enacted New York property tax legislation extends provisions related to the assessment and review of assessments in Nassau County to June 30, 2028. Previously, the provisions were scheduled to expire ...
Enacted New York property tax legislation extends provisions related to the assessment and review of assessments in Nassau County to June 30, 2028. Previously, the provisions were scheduled to expire ...
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 - Required use of combined reporting upheld
The South Carolina Court of Appeals affirmed a decision holding that it was permissible for the Department of Revenue to require a group to use combined unitary reporting because separate entity repor...
The South Carolina Court of Appeals affirmed a decision holding that it was permissible for the Department of Revenue to require a group to use combined unitary reporting because separate entity repor...
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 - Lubricating oil fee increased
The Utah State Tax Commission issued a bulletin on previously enacted legislation that increases the lubricating oil fee from 4 cents per quart (or 16 cents per gallon) to 8 cents per quart (or 32 cen...
The Utah State Tax Commission issued a bulletin on previously enacted legislation that increases the lubricating oil fee from 4 cents per quart (or 16 cents per gallon) to 8 cents per quart (or 32 cen...
VT - Increased exemptions enacted for manufactured homes
The Vermont sales and use tax exemption for receipts from sales of mobile homes and modular housing, when sold as tangible personal property, is increased from 40% to 90% of such receipts. Further, an...
The Vermont sales and use tax exemption for receipts from sales of mobile homes and modular housing, when sold as tangible personal property, is increased from 40% to 90% of such receipts. Further, an...
VA - Taxpayer not required to use single sales factor apportionment method
The Virginia Department of Taxation issued a corporate income tax ruling regarding the appropriate apportionment method that the taxpayer was required to use. Specifically, the Department ruled that t...
The Virginia Department of Taxation issued a corporate income tax ruling regarding the appropriate apportionment method that the taxpayer was required to use. Specifically, the Department ruled that t...
WA - Guidance on self-produced fuels updated
The Washington Department of Revenue has updated guidance on the applicability of sales and use tax and business and occupation (B&O) tax to self-produced fuels. The use tax value of refinery fuel...
The Washington Department of Revenue has updated guidance on the applicability of sales and use tax and business and occupation (B&O) tax to self-produced fuels. The use tax value of refinery fuel...
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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