AZ - Local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective June 1, 2026. There are no rate changes noted. Transaction Privilege and Other Tax Rate Tables, Arizon...
AR - Homestead credit increased
For assessment years beginning January 1, 2026, Arkansas's homestead property tax credit is increased to $675. Act 174 (H.B. 1103), Laws 2026, effective 90 days after adournment...
HI - Legislature approves IRC conformity bill
The Hawaii Legislature has approved a bill that would update the state's Internal Revenue Code (IRC) tie-in date for computing corporate and individual income tax liability. If approved by the governo...
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...
IL - Film production credit rules amended
Illinois amended rules providing guidance on the corporation and personal income tax credits for film, video, and television production expenses in the state. The amended rules implement law changes i...
LA - Drugs for medicare patients were exempt
In a series of cases, Louisiana’s Fifth Circuit Court of Appeal has ruled that healthcare providers’ purchases of prescription drugs from wholesalers or distributors that were subsequently adminis...
MD - Maximum venison donation credit increased
Beginning in 2026, the maximum venison donation credit that can be taken against Maryland personal income tax is increased from $300 to $600 per year. Ch. 309 H.B. 175, Laws 2026, effective July 1, 20...
MT - Governor petitions state supreme court
Montana Gov. Greg Gianforte has petitioned the Montana Supreme Court to exercise original jurisdiction and provide an expedited ruling on a recent lawsuit challenging the constitutionality of property...
NJ - NCTI And FDDEI reporting guidance updated
New Jersey updated its guidance on the corporation business tax to reflect changes in terminology under the One Big Beautiful Bill Act. Foreign-Derived Intangible Income (FDII) is now referred to as F...
NM - Long-term motor vehicle lease exemption denied
The New Mexico Administrative Hearings Office found that the motor vehicle excise tax exemption for vehicles purchased for long-term lease did not apply to a taxpayer who purchased a vehicle and lease...
ND - Local rate changes announced
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
OH - Transactions taxable ADP and EIS
On remand from the Ohio Supreme Court, the Board of Tax Appeals denied a taxpayer’s sales and use tax refund claim, concluding that the true object of the transactions was taxable automatic data pro...
OK - Qualified equity investment deduction extended
The sunset date of Oklahoma's qualified equity investment deduction is extended through tax year 2031. The deduction allows accredited investors to deduct qualified equity investments in eligible Okla...
OR - Small tract forestland deferral enacted
Oregon has enacted a law to defer imposition of additional taxes under the Small Tract Forestland special assessment program if a landowner does not meet stocking and species requirements due to Dougl...
PA - Assessment on custom e-liquids reversed
The Commonwealth Court of Pennsylvania reversed a decision subjecting a taxpayer to tax assessments under the Tobacco Products Tax Act (TPTA) for sales of custom vaping blend e-liquids, concluding tha...
RI - Decoupling regulations made permanent
Emergency regulations reflecting Rhode Island's decoupling from certain provisions of the One Big Beautiful Bill Act (Public Laws No. 119-21) for business corporation tax years 2025 and earlier have b...
SC - State per capita income figure announced
South Carolina announced that the most recently available state per capita income figure is $63,179. The figure is important because various income, sales and use, and property tax incentives require ...
WI - Governor calls special session
Wisconsin Governor Tony Evers has called a special session of the Legislature this week for the purpose of enacting changes relating to, among other items, an income tax subtraction for qualified tips...
WY - Electronic tax notices authorized
Wyoming has enacted legislation allowing the Department of Revenue to send notices related to sales and use tax electronically if a taxpayer has provided electronic contact information to the Departme...
