Catalano, Caboor & Co.
Tax Alerts
Tax Briefing(s)
IRS Promises to Propose Regulations on Transfers of U.S. Real Property Interests (Notice 2025-45)
Treasury and the IRS intend to issue proposed regulations under sections 897(d) and (e) to modify the rules under §§1.897-5T and 1.897-6T, Notice 89-85, 1989-31 I.R.B. 9, and Notice 2006-46, 2...
Treasury and the IRS intend to issue proposed regulations under sections 897(d) and (e) to modify the rules under §§1.897-5T and 1.897-6T, Notice 89-85, 1989-31 I.R.B. 9, and Notice 2006-46, 2...
IRS Reminds Employers Student Loan Repayments Are Excludable Through 2025 (IR-2025-81)
The IRS has reminded employers that they may continue to offer student loan repayment assistance through educational assistance programs until the end of the tax year at issue, December 31, 2025. Unde...
The IRS has reminded employers that they may continue to offer student loan repayment assistance through educational assistance programs until the end of the tax year at issue, December 31, 2025. Unde...
IRS Whistleblower Office Celebrates National Whistleblower Day (IR-2025-78)
The IRS Whistleblower Office emphasized the role whistleblowers continue to play in supporting the nation’s tax administration ahead of National Whistleblower Appreciation Day on July 30. The IRS ha...
The IRS Whistleblower Office emphasized the role whistleblowers continue to play in supporting the nation’s tax administration ahead of National Whistleblower Appreciation Day on July 30. The IRS ha...
Rates Used in Computing Special Use Value Issued, Rev. Rul. 2025-16
The 2025 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS.In the ruling, the IRS lists th...
The 2025 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS.In the ruling, the IRS lists th...
AL - Elmore County sales & use and rental tax rate increased
Elmore County has levied a new general enhancement tax rate for sales and rentals made in the county effective September 1, 2025. The rate varies in various parts of the county to ensure that the mini...
Elmore County has levied a new general enhancement tax rate for sales and rentals made in the county effective September 1, 2025. The rate varies in various parts of the county to ensure that the mini...
AK - Integrated transmission systems legislation enacted
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
AZ - Local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective October 1, 2025. It includes TPT rate changes for:Town of Clifton;City of Maricopa;Phoenix Special Tax...
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective October 1, 2025. It includes TPT rate changes for:Town of Clifton;City of Maricopa;Phoenix Special Tax...
AR - Optional standard mileage rates announced
The Arkansas Department of Finance and Administration has announced the 2025 optional standard mileage reimbursement rates for state income tax purposes. For business use, the reimbursement rate is 70...
The Arkansas Department of Finance and Administration has announced the 2025 optional standard mileage reimbursement rates for state income tax purposes. For business use, the reimbursement rate is 70...
CA - Average per-acre value for irrigated cropland for 2026 lien date announced
The average per-acre value for irrigated cropland in California to be used for the 2026 lien date is $20,900. Article XIII, section 8 of the California Constitution authorizes the legislature to desig...
The average per-acre value for irrigated cropland in California to be used for the 2026 lien date is $20,900. Article XIII, section 8 of the California Constitution authorizes the legislature to desig...
CO - Changes related to corporations and foreign jurisdictions enacted
Colorado has enacted legislation that makes several income tax changes for corporations with an international presence. The changes include:requiring an addition to taxable income for state tax purpos...
Colorado has enacted legislation that makes several income tax changes for corporations with an international presence. The changes include:requiring an addition to taxable income for state tax purpos...
CT - Changes in economic development-related statutes enacted
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
DE - Refunds required for overpayments of $50 or more
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
FL - Tax applies to parking, docking, tie-down, and storage spaces
Florida sales and use tax, including any applicable discretionary sales surtax, continues to apply to rentals or leases of:parking or storage spaces for motor vehicles in parking lots or garages, incl...
Florida sales and use tax, including any applicable discretionary sales surtax, continues to apply to rentals or leases of:parking or storage spaces for motor vehicles in parking lots or garages, incl...
GA - Local rate chart released for Q4 of 2025
The Georgia Department of Revenue has released a local sales and use tax rate chart for the quarter beginning October 1, 2025. Georgia Sales and Use Tax Rate Chart, Georgia Department of Revenue, Sep...
The Georgia Department of Revenue has released a local sales and use tax rate chart for the quarter beginning October 1, 2025. Georgia Sales and Use Tax Rate Chart, Georgia Department of Revenue, Sep...
HI - Guidance provided on withholding of taxes on income of nonresident partners and beneficiaries
Hawaii issued guidance for partnerships, estates, and trusts on the requirement to withhold taxes on income of nonresident partners and beneficiaries. Partnerships, estates, and trusts must withhold t...
Hawaii issued guidance for partnerships, estates, and trusts on the requirement to withhold taxes on income of nonresident partners and beneficiaries. Partnerships, estates, and trusts must withhold t...
ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
IL - Treatment of gain from sale of sole partnership asset discussed
Illinois issued a general information letter discussing the allocation and apportionment of gain from the sale of a partnership's real property located in the state that is the partnership's sole asse...
Illinois issued a general information letter discussing the allocation and apportionment of gain from the sale of a partnership's real property located in the state that is the partnership's sole asse...
IN - City of Madison imposes 1% food and beverage tax
Effective January 1, 2026, the city of Madison imposes a 1% local food and beverage tax. Food and Beverage Tax, Indiana Department of Revenue, September 2025...
Effective January 1, 2026, the city of Madison imposes a 1% local food and beverage tax. Food and Beverage Tax, Indiana Department of Revenue, September 2025...
IA - Hood cleaning service determined not taxable
Iowa ruled that a petitioner’s hood cleaning service for fire prevention purposes is not subject to sales and use tax. The ruling determined that the service does not fit within taxable categories s...
Iowa ruled that a petitioner’s hood cleaning service for fire prevention purposes is not subject to sales and use tax. The ruling determined that the service does not fit within taxable categories s...
KS - October 2025 quarterly local rate updates
Kansas posted local sales and use rate updates for community improvement and other special districts, including:Goddard Tanganyika Wildlife Park;Hays Cervs;Lenexa Midas Dual Hotel;Merriam North;Olathe...
Kansas posted local sales and use rate updates for community improvement and other special districts, including:Goddard Tanganyika Wildlife Park;Hays Cervs;Lenexa Midas Dual Hotel;Merriam North;Olathe...
KY - Court sides with home improvement store's valuation evidence
The Kentucky Court of Appeals (Court) reversed a national home improvement store's assessment because the store produced substantial valuation evidence based on sales comparison and income capitalizat...
The Kentucky Court of Appeals (Court) reversed a national home improvement store's assessment because the store produced substantial valuation evidence based on sales comparison and income capitalizat...
LA - Guidance issued on exemption for government contractors
Louisiana has issued guidance on the sales and use tax exemption available for purchases made by general contractors and their subcontractors when performing government contract work. The exemption wa...
Louisiana has issued guidance on the sales and use tax exemption available for purchases made by general contractors and their subcontractors when performing government contract work. The exemption wa...
ME - Dirigo business incentives tax credit rules adopted
Maine Revenue Services has adopted rules implementing the Dirigo Business Incentives Tax Credit. The nonrefundable credit, which applies to tax years beginning after 2024, is based on purchase expense...
Maine Revenue Services has adopted rules implementing the Dirigo Business Incentives Tax Credit. The nonrefundable credit, which applies to tax years beginning after 2024, is based on purchase expense...
MD - Guidance on MPU certificates issued
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
MA - Payment and notice timelines adjusted
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...
MI - Prepaid fuel tax rates announced
The Michigan prepaid sales tax rate for the period of October 1, 2025 to October 31, 2025 increases to 16.5 cents per gallon for gasoline. For diesel fuel, the rate increases to 19.4 cents per gallon....
The Michigan prepaid sales tax rate for the period of October 1, 2025 to October 31, 2025 increases to 16.5 cents per gallon for gasoline. For diesel fuel, the rate increases to 19.4 cents per gallon....
MN - Motor vehicle lease guidance updated
Minnesota updated its guidance on sales and use taxes for short-term motor vehicle leases and rentals. The ruling outlines the applicable rates, including state and local sales taxes, a 9.2% motor veh...
Minnesota updated its guidance on sales and use taxes for short-term motor vehicle leases and rentals. The ruling outlines the applicable rates, including state and local sales taxes, a 9.2% motor veh...
MS - Tupelo water procurement facility tax no longer imposed on groceries
Mississippi issued a notice announcing that retail sales of groceries in City of Tupelo are exempt effective July 1, 2025 from the Tupelo Water Procurement Facility Tax, which is a .25% tax on retail ...
Mississippi issued a notice announcing that retail sales of groceries in City of Tupelo are exempt effective July 1, 2025 from the Tupelo Water Procurement Facility Tax, which is a .25% tax on retail ...
MO - Reminder issued on elimination of tax on capital gains
The Missouri Department of Revenue issued a reminder on previously enacted legislation that eliminates income tax on capital gains for individuals and provides a path for corporations in Missouri to d...
The Missouri Department of Revenue issued a reminder on previously enacted legislation that eliminates income tax on capital gains for individuals and provides a path for corporations in Missouri to d...
MT - Governor sends reminder about property tax relief
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
NE - Guidance on tax exemptions updated
The Nebrask Department of Revenue has updated its guidance on sales tax exemptions to reflect recently enacted legislation. Beginning July 1, 2026 a construction contractor may purchase building mater...
The Nebrask Department of Revenue has updated its guidance on sales tax exemptions to reflect recently enacted legislation. Beginning July 1, 2026 a construction contractor may purchase building mater...
NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
NH - Parsonage tax exemptions expanded
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
NJ - Senior freeze eligibility and income reporting clarified
New Jersey issued guidance on eligibility and income reporting requirements for the 2024 Senior Freeze (property tax reimbursement) program under the Stay NJ law. The guidance clarifies the criteria a...
New Jersey issued guidance on eligibility and income reporting requirements for the 2024 Senior Freeze (property tax reimbursement) program under the Stay NJ law. The guidance clarifies the criteria a...
NY - Information on waste tire management and recycling fee updated
The New York Department of Taxation and Finance updated its information on the waste tire management and recycling fee to reflect previously enacted legislation. Specifically, the waste tire managemen...
The New York Department of Taxation and Finance updated its information on the waste tire management and recycling fee to reflect previously enacted legislation. Specifically, the waste tire managemen...
NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
ND - Guide to business tax incentives updated
North Dakota has released a business tax incentives publication for 2025, summarizing a number of provisions such as property tax exemptions, sales tax exemptions, and income tax credits. For example,...
North Dakota has released a business tax incentives publication for 2025, summarizing a number of provisions such as property tax exemptions, sales tax exemptions, and income tax credits. For example,...
OH - Withholding tables updated
Ohio has released updated personal income tax withholding tables that take effect October 1, 2025. Employer Withholding: Table of Contents, Ohio Department of Taxation, September 8, 2025...
Ohio has released updated personal income tax withholding tables that take effect October 1, 2025. Employer Withholding: Table of Contents, Ohio Department of Taxation, September 8, 2025...
OK - One-Year limitation on collection of excess proceeds does not violate constitution
The Oklahoma Attorney General's office has opined that the state's one-year limitation for property owners to collect excess proceeds from a sale of tax-delinquent property, does not violate the Takin...
The Oklahoma Attorney General's office has opined that the state's one-year limitation for property owners to collect excess proceeds from a sale of tax-delinquent property, does not violate the Takin...
OR - Employer tax credit enacted
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
PA - Philadelphia discusses low income tax relief deadline extension
Philadelphia has extended the deadline for its Low-Income Real Estate Tax Freeze program to September 30, aligning it with the Senior Citizen Tax Freeze. Homeowners can lock in their property tax bill...
Philadelphia has extended the deadline for its Low-Income Real Estate Tax Freeze program to September 30, aligning it with the Senior Citizen Tax Freeze. Homeowners can lock in their property tax bill...
RI - Tax on short-term parking explained
Rhode Island has issued guidance on the recent legislative imposition of sales tax on short-term parking. Effective October 1, 2025, a 7% sales tax will apply to short-term parking. "Short-term parkin...
Rhode Island has issued guidance on the recent legislative imposition of sales tax on short-term parking. Effective October 1, 2025, a 7% sales tax will apply to short-term parking. "Short-term parkin...
SC - Interest rates unchanged for fourth quarter of 2025
From October 1, 2025, through December 31, 2025, the South Carolina interest rate on tax underpayments is 7%. The refund rate for overpayments is 4%. Information Letter 25-16, South Carolina Departme...
From October 1, 2025, through December 31, 2025, the South Carolina interest rate on tax underpayments is 7%. The refund rate for overpayments is 4%. Information Letter 25-16, South Carolina Departme...
SD - Tax license requirements for contractor's excise tax updated
South Dakota updated its guidance on sales, use, and contractor’s excise taxes. Businesses are required to hold a sales tax license if they have a physical presence in South Dakota or exceed $100,00...
South Dakota updated its guidance on sales, use, and contractor’s excise taxes. Businesses are required to hold a sales tax license if they have a physical presence in South Dakota or exceed $100,00...
TN - Mineral severance tax enacted in Henry County
Tennessee announced the enactment of a mineral severance tax for Henry County, effective October 1, 2025. The tax applies to sand, chert, sandstone, limestone, and gravel severed from the ground at a ...
Tennessee announced the enactment of a mineral severance tax for Henry County, effective October 1, 2025. The tax applies to sand, chert, sandstone, limestone, and gravel severed from the ground at a ...
TX - July 2025 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period July 2025 is $38.53 per barrel for the three-month period beginning on April 1, ...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period July 2025 is $38.53 per barrel for the three-month period beginning on April 1, ...
UT - 2025 reporting instructions for holders of unclaimed property issued
Utah has issued the 2025 reporting instructions for holders of unclaimed property. The instructions include the following recent unclaimed property law changes affecting holder reporting:Electronic re...
Utah has issued the 2025 reporting instructions for holders of unclaimed property. The instructions include the following recent unclaimed property law changes affecting holder reporting:Electronic re...
VT - Failure to notify taxpayer's counsel did not violate due process
The Vermont Supreme Court reversed a lower court's holding that a town failed to satisfy due process by not mailing notice of a property tax decision to both the taxpayer and the taxpayer's counsel. A...
The Vermont Supreme Court reversed a lower court's holding that a town failed to satisfy due process by not mailing notice of a property tax decision to both the taxpayer and the taxpayer's counsel. A...
VA - Reminder issued on upcoming sales tax holiday
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...
WA - Taxpayer that provided construction management services was taxable
A taxpayer that provided construction management services to owners of self-storage facilities was properly assessed Washington retail sales tax and retailing business and occupation (B&O) tax, be...
A taxpayer that provided construction management services to owners of self-storage facilities was properly assessed Washington retail sales tax and retailing business and occupation (B&O) tax, be...
WV - Acute care hospital tax payment deadline extended to October 15
West Virginia extended the deadline for second quarter payments of the acute care health care provider tax to October 15, 2025. The state previously extended the payments originally due July 15, 2025 ...
West Virginia extended the deadline for second quarter payments of the acute care health care provider tax to October 15, 2025. The state previously extended the payments originally due July 15, 2025 ...
WI - Failure to timely file petition
A Notice of Action by the Wisconsin Department of Revenue was sent by USPS Certified Mail to the taxpayers. The Department asserts the mail was received by the taxpayers on March 27, 2025. The taxpaye...
A Notice of Action by the Wisconsin Department of Revenue was sent by USPS Certified Mail to the taxpayers. The Department asserts the mail was received by the taxpayers on March 27, 2025. The taxpaye...
WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
Catalano, Caboor & Co. is a full service Chicagoland CPA firm located in Lombard, Illinois.
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