AR - Consolidated incentive act amendedChanges to the Arkansas Consolidated Incentive Act of 2003, which provides corporate and personal income tax incentives for economic development in the state, have been enacted. The bill also makes va...
IA - Deadline for farmers and fishermen extendedFor personal income tax purposes, the Iowa Department of Revenue (IDR) has issued a press release informing farmers and fishermen that they can now file and pay their 2018 income taxes by April 30, 20...
MD - Combined reporting legislation introducedTwo separate bills have been introduced in the Maryland Senate that would require mandatory combined reporting of corporate income taxes beginning in 2020. While S.B. 76 would mandate combined reporti...
MS - Airport-related exemption enactedEnacted Mississippi legislation creates an ad valorem tax exemption for airport-related contracts, leases and other arrangements.Scope of ExemptionThe exemption is for:" airport-related contracts, lea...
MO - Hotel cancellation fees subject to taxThe cancellation fee charged by a hotel to a taxpayer was subject to Missouri sales tax. In this matter, the taxpayer booked hotel rooms for a conference and later cancelled that event. Subsequently, ...
NC - Senate passes IRC conformity updateThe North Carolina Senate passed a bill that:updates the IRC conformity date for computing corporate and personal income tax liability; andmakes other technical changes.S.B. 56, as passed by the North...
OK - Economic nexus bill passes first houseThe Oklahoma House has passed a sales tax economic nexus bill by a vote of 76-0. Details of the bill’s contents were previously reported. Details concerning the progress of Oklahoma economic nex...
SC - Interest rate remains unchangedThe interest rate on tax underpayments remains 6% through June 30, 2019.Reduced Rate on RefundsThe refund rate for overpayments is 3% because of 2018-2019 budget bill provisions. Information Lett...
UT - Repatriation tax amendments enactedUtah has modified:the definition of "unadjusted income" as it relates to deferred foreign income described in IRC §965; andthe schedule for a corporation to pay the state tax on deferre...
WY - Broadband internet service exemption enactedA Wyoming sales and use tax exemption has been authorized for broadband internet service infrastructure.Broadband Internet Service ExemptionSales of equipment to a telecommunications service provider,...
