A federal district court in Ohio has issued a permanent injunction against a provision in the American Rescue Plan Act (ARPA) prohibiting states from using ARPA funds to offset state tax cuts. The provision provided that no states, territories or local communities that accepted funds from the American Rescue Plan Act (approximately $350 billion total…
Read More »Although they haven’t all followed suit, most states across the country have followed the Internal Revenue Service example and postponed their state tax filing deadlines until May 17. As we advised you last week, the IRS for the 2nd consecutive year has postponed the tax filing date – for individual taxpayers only this time –…
Read More »The states of Missouri and Colorado this week took very different actions relative to the impact of federal stimulus payments for the coronavirus pandemic will have on the state’s taxpayers. In the Show Me State, republican Governor Mike Parson signed a bipartisan tax bill that excludes stimulus payments authorized by the CARES Act from being…
Read More »On the subject of tax obligations, those New Jersey taxpayers who may not have met all legal obligations regarding their state tax liabilities from February 2009 through August 2017 still have a few days to make amends – the New Jersey Tax Amnesty program will expire next Tuesday, January 15, 2019! The program, which began…
Read More »Maine voters rejected applying another surcharge to certain individual incomes. By a lopsided margin of 63-37%, voters rejected the idea of authorizing an additional 3.8% surcharge on incomes over $128,400 per year. The revenues generated would have funded the provision of “free” in-home care for the state’s elderly and disabled residents, regardless of their need…
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