2019 Foreign Housing Expense Limitations ReleasedThe IRS has provided the adjustments to the limitation on foreign housing expenses for specific locations for tax year 2019. Generally, a qualified individual whose entire tax year is within the appli...
IRS Revises EIN Application ProcessAs part of its ongoing security review, the IRS is revising the application process for obtaining an employer identification number (EIN). Starting May 13, 2019, only individuals with social security ...
DC - October 1st rate changes announcedThe District of Columbia Office of Revenue Analysis has announced that effective October 1, 2019, the surtax on cigarettes will increase $0.04 to $0.48 per pack of 20 cigarettes. Also, the calculated ...
ID - Tax calculator availableThe Idaho State Tax Commission offers a property tax calculator for residents in 24 Idaho counties. The Properly Tax Estimator is available on tax.idaho.gov through the "Quick...
IA - Tax return preparer requirements enactedIowa has enacted new requirements for income tax return preparers. The new law:requires preparers to include their preparer tax identification number (PTIN) on any tax return or claim for refund they ...
LA - Demonstrators will be exempt starting July 1The following are exempt from Louisiana sales tax starting July 1, 2019, when used as demonstrators:new and used trucks and cars;new aircraft; andnew boats and other watercraft.Act 102 (H.B. 102), Law...
ME - IRC conformity date revisedMaine has updated its income tax Internal Revenue Code conformity date to December 31, 2018. Maine’s previous IRC conformity date was March 23, 2018. The change applies to tax years beginning on...
MI - Prepaid fuel rates announcedBeginning July 1, 2019, Michigan’s prepaid sales tax rate on fuel will change. From July 1, 2019 through July 31, 2019, the prepaid rate for gasoline increases from 14.7 cents per gallon to 14.8...
MO - Local tax rate changes announcedThe following local Missouri sales and use tax rate changes take effect July 1, 2019. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Changes...
NH - Education credit updates discussedThe New Hampshire Department of Revenue Administration has provided annual guidance for the credit for donations to scholarship organizations that may be claimed against the business profits tax and t...
NM - New Mexico local rate updates issuedNew Mexico issued county and municipality gross receipts tax rates effective for the second half of 2019. Only one change is made to the rates schedule for July 1, 2019 to December 31, 2019.Union Coun...
OK - Fab lab exemption createdAn Oklahoma sales tax exemption is enacted for sales of personal property to nonprofits associated with the MIT Fab Foundation.Qualifications for ExemptionThe exemption applies to an entity that:is ta...
OR - Oregon adopts partnership audit proceduresOregon has adopted partnership audit procedures to bring Oregon into conformity with the federal centralized partnership audit regime. The requirements apply to partnership adjustments for partnership...
SD - Oglala Sioux tribe signs fuel tax agreementThe South Dakota Department of Revenue has issued a release announcing a five-year fuel tax excise agreement between the state of South Dakota and the Oglala Sioux Tribe. The agreement renews a prior ...
WA - Timber products tax extendedThe Washington business and occupation (B&O) tax and surcharge for timber products have been extended.Timber Products TaxThe reduced timber products B&O tax is extended to July 1, 2045. Furthe...
WV - Utility rate reduction credit expandedWest Virginia enacted legislation that expands eligibility for the utility rate reduction credit. Eligible utilities can claim the credit against West Virginia corporate income tax liability.What Util...
WY - Local rate change announcedBeginning October 1, 2019, Carbon County, Wyoming will impose a specific purpose county option tax at a rate of 1%, for a total sales tax rate of 6%. The notice can be viewed on the department’s...
