March 31, 2022 While the end-of-session surprises will likely let up soon, one thing that is not surprising is Fitch Ratings’s analysis of 2022 state tax cut plans, as they note that there could be serious effects if states are unable to sustain current levels of revenue growth. Major State Tax Proposals and Developments The […]
March 23, 2022 Major State Tax Proposals and Developments A MAINE bill that would limit big box retailers’ ability to mount “dark store theory” legal challenges has now been approved in the Senate in addition to the House. The bill would require that towns and cities base property assessments on the highest and best use. […]
March 16 A special session could be called soon in ARIZONA, as Republican lawmakers aim to override a voter-led veto referendum that is blocking the almost $2 billion income tax cut plan they passed in 2021 from going into effect. The goal would be to repeal the plan from last year and replace it with […]
March 9, 2022 The GEORGIA House of Representatives passed a $1 billion income tax cut bill that likely force major spending cuts. A bill reducing the individual income tax rate from 3.23 to 2.9 percent over seven years is heading to INDIANA Gov. Eric Holcomb’s desk. The bill also reduces taxes on utility companies by […]
Florida—Corporate Income Tax: Guidance on Internship Tax Credit Program Issued Feb. 28, 2022 For corporate income tax purposes, the Florida Department of Revenue published a tax information publication on the Florida internship tax credit program. For taxable years beginning during the 2022 and 2023 calendar year, a student internship tax credit is available. The program […]
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