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What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer. on construction and building materials.

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A Comprehensive Overview of Energy Tax Credits Under the Inflation Reduction Act of 2022

Cherry Bekaert

The energy tax credit regime is complicated with detailed definitions, technical requirements, specific construction start date and placed-in-service date cutoffs, phase-in and phase-out dates, domestic content requirements, tax-exempt financing rules and many other nuances. The construction start deadline goes through the end of 2024.

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