This GT Alert outlines how the Inflation Reduction Act, which the House passed Aug. 12 and now heads to the president’s desk, would apply to the renewable energy industry.
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Continue Reading How the Inflation Reduction Act May Impact the Renewable Energy Industry
In a bipartisan effort to pass new legislation to extend and provide for increased reporting under the Qualified Opportunity Zone (QOZ) Program, on April 7, 2022, members of Congress introduced
Continue Reading Bipartisan Proposed Legislation Released for Qualified Opportunity Zone Investments
On Sept. 13, 2021, the U.S. House Ways and Means Committee announced a proposal to limit charitable deductions for conservation easement contributions made by partnerships and other passthrough entities. The
Continue Reading House Proposal Targets Charitable Deductions for Conservation Easements by Passthrough Entities
On March 31, 2021, President Joe Biden unveiled a $2 trillion infrastructure and economic recovery plan (American Jobs Plan) to strengthen the post-pandemic economy. The American Jobs Plan
Continue Reading Corporate Tax Hikes for Biden’s Infrastructure Plan
Many U.S. taxpayers are trying to prepay their 2018 real property taxes by Dec. 31 in order to avoid the $10,000 cap on deductibility of state and local taxes that
Continue Reading IRS Says Prepayment of 2018 Property Taxes Will Not be Deductible in 2017 if Not Actually Assessed
On Dec. 20, 2017, the House and Senate passed the Tax Cuts and Jobs Act, H.R.1, and this bill is on its way to President Trump for signature. When signed into
Continue Reading GT Alert – Highlights of the Tax Cuts and Jobs Act
NOTE: This information is correct as of 1 p.m. EST, Wednesday, Nov. 9, 2016.
While all the returns have not yet been certified, there is no question that it was
Continue Reading GT Alert – 2016 Federal Election Overview and Congressional Outlook
A bill that would simplify state income tax compliance for employers when they send employees on temporary assignment to another state passed the House on Sept. 21. Many state government
Continue Reading Bill to Simplify State Tax Withholding on Mobile Workers Passes House