by Michael Hogberg, EA | Jul 6, 2022 | State Tax
July 6, 2022 oming off the greatest year of revenue collections in state history, Gov. Jim Justice announced today that he is proposing a permanent 10% cut of the personal income tax. Under the Governor’s proposal, the 10% tax cut will be retroactive to the beginning...
by Michael Hogberg, EA | Jul 4, 2022 | State Tax
On April 22, the Indiana General Assembly did not adopt certain provisions of the current Internal Revenue Code and Governor Eric Holcomb signed this into law on April 29. As a result, Indiana taxpayers cannot use the federal unemployment compensation exclusion on...
by Michael Hogberg, EA | Jul 1, 2022 | State Tax
Rate decreases for the second time since 2008 July 1, 2022 The Kentucky Department of Revenue (DOR) has set the 2022 State Real Property Tax Rate at 11.5 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires DOR to set the real property rate no...
by Michael Hogberg, EA | Jul 1, 2022 | State Tax
July 1, 2022 Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.68 billion in June, 16.4 percent more than in June 2021. The majority of June sales tax revenue is based on sales made in May and remitted to the agency in June. As a result of a...
by Michael Hogberg, EA | Jun 29, 2022 | State Tax
June 29, 2022 Legislation (S.8718/A.9424) Extends the Deadline for Tax Exemption Applications on Certain Improved Properties Affected by Superstorm Sandy to March 1, 2024 Governor Kathy Hochul today signed new legislation (S.8718/A.9424) to extend the...
by Michael Hogberg, EA | Jun 28, 2022 | State Tax
June 28, 2022 United States Attorney Alison J. Ramsdell announced that a Longmont, Colorado, man convicted of Impeding the Internal Revenue Service was sentenced on June 21, 2022, by U.S. District Judge Lawrence L. Piersol. Loren Brown was sentenced to three years of...