
Second quarter 2025 state and local tax developments
Welcome to the State Tax Quarterly Insights. We highlight significant current state legislative, regulatory, judicial, and administrative developments.
Welcome to the State Tax Quarterly Insights. We highlight significant current state legislative, regulatory, judicial, and administrative developments.
This new quarterly version of our aircraft newsletter discusses potential impacts of bonus depreciation, tariffs, and Washington's new luxury tax on the aircraft industry.
States escalate enforcement of unclaimed property laws with interest and penalties.
Highlighting significant income and business tax developments
Phasing out the penny: Preparing for a currency shift without clear rules
The US Indirect Tax Digest highlights significant sales and use tax legislative enactments, regulatory adoptions, judicial decisions, and administrative guidance.
Enacted Minnesota tax changes include a partially refundable R&D credit.
Senate Finance Committee Chairman Mike Crapo released a 549-page substitute tax amendment intended to modify the tax provisions approved by the House as part of H.R. 1.
Texas legislation sent to Governor Greg Abbott (R) on June 1 provides for an enhanced research and development (R&D) franchise tax credit.
PwC's latest Tariff Industry Analysis examines President Trump's reciprocal tariffs and the mitigation strategies that companies are considering.
The IRS has issued Notice 2025-27, providing significant interim guidance on the application of the corporate alternative minimum tax (CAMT).
Budget-related tax legislation passed by the Illinois General Assembly on June 1 includes significant tax changes.