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One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update 2024 Post-Election Tax Policy Update

IRS Announces Availability of Work Opportunity Tax Credit Through 2025
The IRS has announced that the Work Opportunity Tax Credit (WOTC) will continue to be available to employers through the end of 2025. This federal incentive is designed to encourage businesses to hire...

IRS Alerts Individuals to Fraudulent Tax Schemes on Social Media, (IR-2025-90)
he IRS has cautioned individuals about a rise in fraudulent tax schemes on social media that misuse credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. The scams typically appear...

IRS Urges Emergency Preparedness Ahead of Peak Disaster Season (IR-2025-89)
The IRS has urged individuals and businesses to review emergency preparedness plans as hurricane season peaks and wildfire risks remain high. Essential documents such as tax returns, Social Security c...

IRS Warns of Scams When Donating After Disasters
The IRS has reminded taxpayers that while donating to disaster relief is a compassionate and impactful way to help, it is equally important to remain cautious. In the aftermath of disasters, scam acti...

IRS Highlights Retirement Benefits of IRAs
The IRS has reminded taxpayers that Individual Retirement Accounts (IRAs) continue to provide important benefits for those planning their financial future. A traditional IRA allows earnings to grow ta...

AZ - Local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective November 1, 2025. The only change is Manufactured Buildings in Chino Valley new rate will be 3%.Transa...

CA - Disregarded SMLLC assignment of motion picture production tax credits clarified
California has enacted legislation clarifying that a tax credit under Motion Picture and Television Production Tax Credit Program 3.0 generated by a disregarded single-member limited liability company...

CO - Innovative motor vehicle and truck tax credits rule amended
Colorado has amended its innovative motor vehicle and truck tax credits rule to update guidance regarding the quarterly electronic report that must be submitted to the Department of Revenue; make clea...

FL - Department issues updated guidance for veterinarians and veterinary clinics
Updated guidance is issued regarding the application of sales and use tax to transactions engaged in by veterinarians and veterinary clinics. Definitions are provided as well as information on out-of-...

GA - Tax assessors permitted to use income approach with limitations for section 42 properties
The Supreme Court of Georgia reversed the Court of Appeals' decision regarding property tax assessments for affordable housing properties qualifying for Section 42 tax credits, holding that tax assess...

HI - Cigarette tax increase guidance issued
Hawaii issued guidance on the cigarette tax increase to 18 cents per cigarette or little cigar beginning January 1, 2026 (Act 95 (H.B. 441), Laws 2025). The guidance outlines procedures for wholesaler...

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 - Energy assistance charge increase announced
Illinois announced an increase to the energy assistance charge for electric or natural gas utilities and cooperatives that served 100,000 or more customers in the state on January 1, 2021. Effective J...

IA - Employment agency placement not subject to tax
Iowa Department of Revenue ruled on the sales and use tax implications for an out-of-state private employment agency providing temporary medical workers within the state. Generally, the work of privat...

MD - Impact report on OBBBA issued
The Maryland Comptroller has issued a report outlining the impact that the One Big Beautiful Bill Act is expected to have on Maryland tax revenues. Maryland law requires such a report when amendments ...

MA - Rule issued on withholding requirements from sales of real estate
A new Massachusetts rule establishes and explains the corporate and personal withholding requirements that apply to the proceeds of sales or transfers of Massachusetts real estate. The rules will will...

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...

NM - Trailer-mounted generators
A New Mexico administrative hearing officer ruled that a taxpayer was entitled to a refund of Motor Vehicle Excise Tax paid on the purchase of trailer-mounted generators, as only the trailers, and not...

NY - Subscription fees for integrated facilities management services properly subject to tax
The New York Tax Appeals upheld an administrative law judge decision that the taxpayers’ subscription fees for integrated facilities management services were properly subject to sales and use tax. I...

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...

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,...

OH - Chargebacks could reduce gross receipts
The Ohio Board of Tax Appeals concluded that a taxpayer's wholesale adjustment cost (WAC) should be reduced by chargebacks when calculating its taxable gross receipts for commercial activity tax (CAT)...

OR - Preschool for all estimated payment threshold increased
Multnomah County has amended its Preschool for All personal income tax regulations to increase the threshold for estimated tax payments from $1,000 to $5,000 starting in tax year 2026. Ord. No. 1339,...

PA -PURTA surcharge rate announced
Pennsylvania has provided notice that the Public Utility Realty Tax Act (PURTA) surcharge calculation for tax years beginning January 1, 2026 is 0 mills. No PURTA surcharge will be imposed for the tax...

TN - Expansion of central business improvement district discussed
Tennessee issued a notice announcing that the Nashville Metropolitan Government of Davidson County is expanding its Central Business Improvement District (CBID) boundaries. Retailers located in the CB...

TX - Ready mix concrete manufacturer
The Texas Comptroller issued a private letter ruling finding that a business that operates ready mix concrete fabrication plants did not meet the statutory definition of a "ready mix concrete contract...

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...

VA - Interest rates unchanged for fourth quarter of 2025
The Virginia interest rates for the fourth quarter of 2025 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).For the purpose of computing the addition to the tax f...

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