The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). This...
The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions. In the announcement, the IRS stated that promoter-driven conservation easement...
The IRS has advised individual taxpayers that errors in a filed federal return may be corrected by submitting an amended return where key items affecting tax liability have changed. Amendments are gen...
The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week. These tools are...
Dadeville, Alabama, will implement a new local rental tax effective June 1, 2026, with the first return due on July 20, 2026. The tax rate is 3% on general rentals, automobile vehicles, truck trailers...
A dispute arose over how to calculate tax credits for the Municipality of Anchorage’s natural gas production. Alaska law taxes the production of natural gas, while also allowing gas producers to cla...
Arizona again updated its guidance on waste tire fees, which apply to businesses selling new motor vehicle tires. This revision updates the version released in April 2026. This May 2026 revision intro...
A manufacturer of chicken and food products was not eligible for an Arkansas sales tax refund on rentals of pallets used to delivery its products because such transactions were not "sales for resale"....
The California Office of Tax Appeals (OTA) had jurisdiction to consider a taxpayer's appeal of the Franchise Tax Board's (FTB) denial of a claim for refund of an unclaimed property credit for the 2018...
Colorado issued guidance on the qualified care worker credit available for tax years 2025 through 2028. The guidance outlines eligibility criteria for resident child care workers and direct care worke...
Effective July 1, 2026, through June 30, 2027, the Connecticut motor vehicle fuels tax rate applicable to the sale or use of diesel fuel is $0.499 per gallon (formerly, $0.489). Announcement 2026(2), ...
Delaware Gov. Matt Meyer delivered a presentation for his fiscal year 2027 budget that includes proposals to increase taxes on cigarettes and other tobacco products and to establish a film tax credit....
The District of Columbia Attorney General issued an opinion on personal and corporate income tax liabilities for tax year 2025. The opinion states that House Joint Resolution 142, disapproving of Emer...
Florida Gov. Ron DeSantis called for a special session of the legislature during the week of June 1 to consider a constitutional amendment on broad property tax relief. The governor's constitutional a...
Effective July 1, 2026, Madison County will impose a local sales and use tax rate of 7%. This was the only county tax rate change announced for the quarter. Bulletin, Georgia Department of Revenue, Ju...
Beginning January 1, 2027, the sale of materials, parts or tools to an air carrier will be exempt from Hawaii general excise tax if purchased for aircraft service and maintenance or for the constructi...
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...
Illinois issued a general information letter discussing the application of state and local sales taxes, specifically Chicago’s personal property lease transaction tax, to gross receipts from motor v...
Updated guidance is issued regarding the railroad tax credit for qualified infrastructure investment, which may be applied against Indiana adjusted gross income (both corporate and personal income tax...
The Supreme Court of Iowa has determined that the propane tanks at issue are not taxable as real property. The taxpayer is an agricultural cooperative and owns eleven 90,000-gallon propane fuel tanks ...
Kansas issued guidance on transient guest tax changes during the 2026 FIFA World Cup from May 15, 2026 to July 25, 2026. The state enacted legislation that temporarily changed the definition of "trans...
Kentucky made changes to the corporation and personal income tax credits for film production expenses in the state that:extend credit eligibility to qualifying expenses in the state to film or produce...
Beginning with the 2026 tax year, no underpayment penalty is imposed if 70% (formerly, 90%) of personal income tax due for the year was made in estimated payments. Act 307 (H.B. 633), Laws 2026, effec...
Data centers beginning operation on or after August 1, 2026, are excluded from Maine's Business Equipment Tax Exemption (BETE) and Dirigo Business Incentives Program. L.D. 713 (H.P. 452), Laws 2026, e...
Maryland has enacted a nonrefundable personal income tax credit of 4.75% of the first $15,000 of retirement income for service as a 9-1-1 specialist. The credit is available for tax years 2026 through...
Massachusetts announced an increase of the quarterly interest rates on overpayments and underpayments of income taxes. The rates for the period July 1, 2026, through September 30, 2026, are:overpaymen...
The Michigan Department of Treasury has released a list of certified community foundations for tax year 2026 for purposes of the Michigan business tax credit for contributions to community foundations...
The Minnesota Supreme Court affirmed the tax court’s decision upholding additional assessments of sales tax, penalties, and interest against a retail business for underreporting its tax liability. T...
Mississippi issued a notice regarding the effect of recent legislation on the Tupelo Water Procurement Facility Tax. Effective May 1, 2026, retail sales within the City of Tupelo of groceries taxed at...
The following local Missouri sales and use tax rate changes are effective July 1 through September 30, 2026. Also, new rates are listed for each county, city, and special district affected by the rate...
Taxpayers appealed a final decision by the Montana Department of Revenue (Department) denying a deduction for interest paid on shareholder promissory notes (Subject Transactions). The Department concl...
The district court's dismissal relating to the taxpayer's request to transfer its project incentives under the Nebraska Advantage Act was upheld due to lack of jurisdiction. Under Nebraska law, a taxp...
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...
New Hampshire Business Profits Tax estimated tax payment credit amounts have been amended as follows.For tax periods after ending on or after December 31, 2033, the maximum credit is 350% of tax liabi...
New Jersey revised its technical bulletin discussing nexus to clarify that when the transfer of non-fungible tokens (NFTs) solely represents a transfer of the legal ownership rights in the underlying ...
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied ...
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...
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...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2026.The average prices per gallon for the second quarter are:$1.956 for unleaded gasolin...
The Oklahoma Tax Commission has announced an additional local sales and use tax change for the period of July 1, 2026 through September 30, 2026. Hominy decreases its sales and use tax rate to 3.0%. R...
Portland has amended its Arts Tax to provide tax relief and enhance the sustainability of the Arts Access Fund.The tax is increased from $35 to $50 on each resident of Portland who is at least 18 in t...
Pennsylvania has extended the deadline for its Property Tax/Rent Rebate (PTRR) program to December 31, 2026, allowing eligible seniors, widows and widowers, and individuals with disabilities additiona...
Rhode Island prepaid sales tax on cigarettes increases to 95 cents (from 90 cents) per pack on July 1, 2026. The prepaid sales tax is calculated annually on April 1 based on the average retail price. ...
South Carolina enacted a gross income modification for amounts paid to managers and clerks of elections, to the extent the amounts are not subject to Federal Insurance Contribution Act tax under IRC S...
For South Dakota property taxes payable in 2027, and for each year thereafter, the maximum levy for school district general education funds the limit per $1,000 of taxable valuation is:a total of $4.8...
Tennessee has authorized a county with a metropolitan form of government to: (1) levy a tax on the retail sale of food and food ingredients within the county at a rate lower than the local tax rate le...
Texas has revised its list of local jurisdictions that impose sales tax on telecommunications services to include Falls County Emergency Services District No. 1 and Tyler County Emergency Services Dis...
The Utah Tax Commission has announced the following sales and use tax changes, effective July 1, 2026:Sigurd (Sevier County) imposes the city or town option sales and use tax at the rate of 0.3%. The ...
The Vermont Senate has passed a bill that, if enacted, would change the state's IRC conformity date from December 31, 2024, to December 31, 2025, applicable to taxable years beginning on and after Jan...
The Virginia Department of Taxation issued an update for taxpayers who itemize deductions on Tax Year 2025 returns. Legislation was enacted generally conforming Virginia to federal tax law as of Decem...
Beginning July 1, 2026, Washington's sales and use tax exemption for rural data centers qualifying through refurbishment terminates. Purchases of replacement server equipment are ineligible for exempt...
West Virginia revised guidance on withholding requirements for gambling winnings to reflect an increase in the threshold for federal backup withholding requirements. The minimum federal threshold amou...
The Wisconsin Tax Appeals Commission granted a Wisconsin Department of Revenue Motion to Dismiss. The taxpayer had not filed taxes since 2005. In addition to over 100 pieces of correspondence to the t...
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...
Welcome to Figueroa's Income Tax Service
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The 2026 tax season will begin late January, and we are here to make the process simple, accurate, and stressfree for you. With over 36 years serving our community, our goal is to provide honest, reliable, and professional tax preparation service you can trust.
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