On June 1, the Florida Legislature convened in a special session to consider the property tax reform proposal outlined by Governor DeSantis late last week. Prior to legislative committee meetings, a legislative staff analysis estimated that the Governor’s proposal could impact local government revenues by more than -$8 billion (at least -$3.4 billion school taxes
First, it was traditional manufacturing. Next, it was data centers. Now, Louisiana is opening its doors to the aerospace industry with new tax incentives. Louisiana’s executive and legislative leaders are openly and aggressively pursuing businesses in the aerospace industry.
During the ongoing 2026 Regular Session of the Louisiana Legislature, Rep. Tony Bacala sponsored House Bill
Senate Bill No. 196 of the 2026 Regular Session, which has passed the Louisiana House of Representatives, is headed back for Senate acceptance of minor amendments and will soon be headed to the Governor for signing.
The Bill extends the deadlines to appeal an assessment of taxes at both the state and parish level
On March 27, the Louisiana Department of Revenue issued guidance in RIB No. 26-011 on changes to the Inventory Tax Credit established during the 2024 Third Extraordinary Session and the 2025 Regular Session. The RIB reiterates that C corporations will no longer earn inventory tax credits (ITC) for ad valorem taxes paid on or after
Mississippi’s proposed legislation to exempt student-athletes’ NIL income from state taxation has officially been shelved, halting what would have made Mississippi one of the few states offering such a targeted incentive. The bill’s failure reflects the broader trend of states (particularly with schools in the SEC) considering tax-based incentives to stay competitive in recruiting. For
During the final week of February, House Bill 4014 cleared the Mississippi House of Representatives. The bill exempts income earned by college athletes from their Name, Image, and Likeness (“NIL”) activities from Mississippi income tax.
If the measure clears the Senate and is signed by the Governor, Mississippi would become only the second state (following
On February 24, the Florida House and Senate released their initial tax proposals for the 2026 Regular Session. Both initial bills decouple from the corporate tax relief provisions contained in Trump’s One Big Beautiful Bill Act, although in different methods.
House Bill 7031 from the Ways and Means Committee includes corporate income conformity tax provisions
DOR “Fact Sheet” Was Not An “Other Officially Adopted Publication” And Was Not Owed Any Deference in Mississippi Tax Appeals
In an administrative tax appeal, Mississippi law requires the Board of Tax Appeals (the “BTA”) “give deference to the department’s interpretation and application of the statutes as reflected in duly enacted regulations and other officially
On October 28, 2025, Florida filed a motion for leave to file a bill of complaint in the United States Supreme Court challenging California’s business income tax apportionment regulation, alleging it unconstitutionally discriminates against out-of-state corporations. The case invokes the Court’s original jurisdiction over disputes between states, a mechanism reserved for matters of sufficient seriousness