Reprinted from Tax Notes State, April 15, 2024
To incentivize investment in clean or renewable energy, the Inflation Reduction Act of 2022 (IRA) created — and in some cases improved on existing — federal income tax credits availablemto investors in eligible clean or renewable energy projects. Some of these credits are popular, at least
On June 1, 2024, Florida’s business rent tax will be automatically slashed from a 4.5% rate to a 2.0% rate due to implementation of its 2021 Wayfair legislation. Florida’s passage of Chapter 2021-2, Laws of Florida adopted economic nexus concepts related to the retail sale of tangible personal property by remote sellers and marketplaces. Part of the
Last week, South Carolina Governor McMaster signed into law Act No. 113 in a much needed reproach to the Department of Revenue’s aggressive attempts to undermine the state’s separate reporting regime for apportioning corporate income. While the law creates a new paradigm for how and in what manner the state or taxpayer may obtain alternative
We are always excited to speak at TEI Houston and to
On February 21, 2024, Governor Jeff Landry issued Executive Order No. JML 24-23 (EO No. 23-24) providing for the conditions for participation in the state’s Industrial Ad Valorem Tax Exemption Program (ITEP). The ITEP provides for a property tax exemption for manufacturing facilities. Under the Louisiana Constitutional, art. 7, Section 21(F), subject to terms
The Board of Directors for the Council On State Taxation (COST) is thrilled to announce that Patrick Reynolds has been appointed as the new President and Executive Director of COST, effective March 1, 2024. He will succeed Doug Lindholm, who has served in this role since 1999. The Board and staff are eager to collaborate
Here are a few of the king cakes we have been enjoying! We hope you have a happy and safe Mardi Gras!
Laissez les bon temps rouler!
Mississippi Taxpayers should keep a very close eye on the Toolpushers Supply sales tax case just granted certiorari by the Mississippi Supreme Court. This case addresses important sales tax issues related to wholesale sales and the extent to which a seller must audit its purchaser’s downstream use of the goods on purported resale transactions. More
Jones Walker LLP announced the firm has reestablished its Tallahassee, Florida, office effective immediately. The new office expansion is the direct result of a successful and long-standing strategic alliance with Florida’s Dean Mead law firm. A total of nine attorneys and government relations professionals have joined Jones Walker, including partner French Brown and special counsel
Alysse McLoughlin, a partner on the state & local tax team will speak during the tax section of the New York State Bar Association Annual Meeting on Tuesday, January 16, 2024. Alysse’s panel will address new developments in New York State tax law. Click here for the tax section agenda and to register.