State and Local Taxes
Latest News
Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
SALT Shakes Up House Republican Tax Package Discussions
House Republicans pushing to force relief from the $10,000 state and local tax cap could be a major challenge to GOP leadership.
State and Local Taxes Changing At Rapid Pace
Over the past 60 years, in times of adverse economic cycles, sales taxes have provided a more resilient method of funding relative to income and property taxes.
Hotel-Based State and Local Tax Revenues Continue Increase
Average U.S. hotel occupancy is projected to reach 63.8% in 2023 – just shy of 2019’s level of 65.9%. Staffing is expected to remain a challenge for many U.S. hotels in 2023, as the industry continues to grow its workforce back to pre-pandemic levels.
New Jersey Governor Says Tax Cuts are Coming This Year
During an interview with Bloomberg TV on Thursday, Murphy was asked if he can pledge no new taxes in New Jersey...
Michigan Expects $9B Budget Surplus, May Cut Income Taxes
State treasury officials estimate Michigan government will see a $9.2 billion surplus at the end of this fiscal year, increasing the likelihood that all that cash could trigger a permanent cut in the state income tax.
SALT Cap Foes Poised to Influence House GOP Tax Agenda
Wins in high-tax states were key to Republicans' new House majority but complicate their plans on a signature issue.
States Tax Vape Products Very Differently
More and more governments are imposing new regulations and taxes on e-cigarettes, vaping products, and similar products.
Louisiana Adds More Compliance Regs to Wineries and Fulfillment Houses
Louisiana has been a bit of a roller-coaster ride for beverage alcohol fulfillment houses and wineries that use them.