Browse By Tags

Budget & Taxes CA Considering Prop 13 Reform A bill introduced last week in California would overhaul Proposition 13 -- the landmark property tax limit initiative approved by the state’s voters in 1978 -- to allow regular reassessments...

Budget & Taxes CIGARETTE TAXES SPURRING COSTLY CRIME: Forty-seven states, the District of Columbia and New York City have increased their tobacco taxes a total of 113 times since 2000, according to the Federation of Tax Administrators. All that...

Budget & Taxes Some Republicans Embracing Tax Hikes After Republicans swept into control of 29 governor’s offices and 25 state legislatures in the 2010 elections, they moved aggressively to cut spending and taxes. The cuts continued the...

Budget & Taxes KS Keeping Some Tax Credits Secret According to Kansas’ Department of Revenue, in 2013 the state granted $622 million in income and privilege tax credits, allowing taxpayers to deduct various qualifying expenses from their...

Budget & Taxes LA GOV PROPOSES TAX-CREDIT CHANGES: Louisiana Gov. Bobby Jindal's (R) administration proposed a 2016 budget last month that included deep cuts that would close community health clinics and historic sites, as well as force more...

Budget & Taxes States Embrace Earned Income Tax Credit As states continue to recover from the Great Recession, several are embracing a tax credit to help bring working families along. This year five states, including California and Massachusetts...

Since its inception as part of the 1981 Tax Act, the research and development tax credit under IRC Sec. 41 has expired and been reinstated many times. The credit lapsed as of December 31, 2011, but is expected to be reinstated again in some form. Treasury...

Since its inception as part of the 1981 Tax Act, the research and development tax credit under IRC Sec. 41 has expired and been reinstated many times. The credit lapsed as of December 31, 2011, but is expected to be reinstated again in some form. Treasury...

Blue Fire Ethanol and a consortium of 31 other alternative fuel producers have sent a letter to Congress asking for a 30% investment tax credit for biofuels. While alternative fuel producers were encouraged by last week's passage of extenders legislation...

Ohio's legislature recently approved, and Governor Kasich signed, a fiscal year 2012-2013 budget that includes a renewal of the Ohio Historic Preservation Tax Credit Program (the "Program") for coming years in perpetuity. The new budget...

By Adam D. Orford. "Since 2007, Oregon's popular Business Energy Tax Credit (BETC) has earned the state an enviable reputation as a leader in renewable energy, particularly wind energy," writes Adam Orford. "But the ballooning costs...

By Adam D. Orford. "Since 2007, Oregon's popular Business Energy Tax Credit (BETC) has earned the state an enviable reputation as a leader in renewable energy, particularly wind energy," writes Adam Orford. "But the ballooning costs...

The Patient Protection and Affordable Care Act of 2010 has added a section to the Internal Revenue Code, providing a 50 percent tax credit for eligible taxpayers who invest in qualified therapeutic discovery projects in 2009 and 2010. The Patient...

On May 21, the Treasury Department released Notice 2010-45 (Notice) for guidance on the Qualifying Therapeutic Discovery Projects credits program under Section 48D. As we described in our April 6 Client Alert , to qualify for the credit, taxpayers...

This article briefly and broadly summarizes the tax benefits in the Hiring Incentives to Restore Employment Act of 2010 (HIRE Act), which was signed on March 18. The HIRE Act has two main benefits: it exempts employers from the employer's...