On May 31, 2023, the IRS released Notice 2023-44, which provides additional guidance for applicants seeking allocations of the Qualifying Advanced Energy Project Credit under Section 48C of theContinue Reading IRS Provides Additional Guidance for Advanced Energy Projects Under Section 48C of the Code
The Internal Revenue Service issued proposed regulations on May 31, 2023, for the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code. The proposed regulations provide…Continue Reading IRS Issues Proposed Regulations for Energy Projects Located in Low-Income Communities
Gov. DeSantis has signed House Bill 7063, which includes a reduction in the sales tax rate on leases of real property (other than short-term residential rentals).
Florida imposes its sales…Continue Reading Florida Legislature Reduces State-Level Sales Tax on Most Real Property Leases
On March 16, 2023, California Assembly Bill 52 (AB 52) was amended to provide a manufacturing equipment tax credit. If signed into law, taxpayers would be authorized to take an …Continue Reading Will California Provide a De Facto Local Tax Exemption for the Sale or Use of Manufacturing Equipment?
On May 9, 2023, just four days after oral argument before the circuit court, the Supreme Court of Maryland issued a Mandate, vacating the circuit court’s order granting the…Continue Reading Maryland’s Digital Advertising Gross Revenues Tax Not Dead (Yet)
In California, spring flowers may bring tax dollars as state Senate Democrats propose increasing the corporate tax rate along with other changes and the California Supreme Court agreed with the…Continue Reading More Taxes in California’s 2023-2024 Budget Plan; CA Supreme Court Declines to Review Sales Tax Case
In this episode of GeTtin’ SALTy, host Nikki Dobay is joined by Jeff Newgard, principal at Peak Policy, to discuss the Oregon legislative session as well as a bill…Continue Reading GeTtin’ SALTy Episode 4 | It’s Raining Taxes in Portlandia
On April 4, the Internal Revenue Service issued Notice 2023-29 (the Notice), which describes certain rules the IRS intends to include in proposed regulations for qualifying for the energy community…Continue Reading IRS Issues Guidance for Developers, Investors Seeking to Qualify for Energy Community Bonus Credits Under Inflation Reduction Act
In the third episode of GT’s state and local tax podcast – GeTtin’ SALTy – host Nikki Dobay talks to Brad Marsh, Co-chair of GT’s U.S. State and Local Tax…Continue Reading GeTtin’ SALTy Episode 3 | A Conversation About the California State Board of Equalization and ACA 11
On April 7, 2023, the Second District of the California Court of Appeal published a landmark opinion on California property tax law that expands the tax-exempt status of intangible assets…Continue Reading California Court of Appeal Landmark Opinion Expands Intangible Asset Exemption from Property Tax Assessment