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Tax Law Defined® Blog Blog

Articles: 1-10 of 328

Regional Round-Up: Added License Rights and Limited Self-Distribution for Craft Distilleries in Kentucky and West Virginia

USA - February 8 2024 As an update to our past regional round-ups in the alcohol space, Kentucky and West Virginia continue to push for legislation that will Foster…

$1.2 Billion Tax Refund and $400 Million Annual Tax Cut Proposed for Tennessee Businesses

USA - February 8 2024 Tennessee Governor Bill Lee delivered the State of the State address on February 5, 2024, in which he said, “[w]e will also propose tax cuts again by…

New Tennessee Business Tax Filing and Licensing Thresholds

USA - February 6 2024 The Tennessee business tax is a privilege tax on the privilege of doing business by making sales of tangible personal property and services within…

Let’s Talk About SaaS, Baby: Kentucky’s Recent Taxing of Software as a Service Compared With Its Neighbor States

USA - January 8 2024 Recent Kentucky tax legislation continued to expand the landscape of services subject to sales and use tax in the Bluegrass, including for…

Michigan Court of Claims Gives Taxpayers Clarity on Appeals Prerequisite of Paying Uncontested Portion of Tax Assessment

USA - December 8 2023 As a prerequisite to the tax appeal process in Michigan, a taxpayer must pay the uncontested portion of an assessment. As straightforward as this may…

Manufacturers Beware: The Impact of Stricter 163(j) Deductibility Amid Rising Interest Rates

USA - November 17 2023 The Tax Cuts and JOBS Act of 2017 (TCJA) introduced significant changes to the deduction of business interest expenses under Section 163(j) of the…

Kentucky Tax Talk: Clash Over Industrial Supplies Exemption

USA - November 14 2023 On Dec. 15, 2022, the Kentucky Supreme Court unanimously delivered a huge win for Kentucky manufacturers…

U.S. Supreme Court Passes on Dormant Commerce Clause Challenge

USA - November 6 2023 While some were speculating that a recent Kentucky severance tax case may lead to a new Dormant Commerce Clause precedent, the U.S. Supreme Court has…

IRS Establishes Withdrawal Procedures for Questionable ERC Claims

USA - October 24 2023 On October 19, the Internal Revenue Service (IRS) announced the process for concerned employers to withdraw ineligible claims for the Employee…

Application Portal for the Low-Income Communities Energy Investment Bonus Program Opens Oct. 19

USA - October 12 2023 Applications for the low-income communities bonus credit program (the “Bonus Program”) under Internal Revenue Code (IRC) Section 48(e) for the Clean…