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State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

The Delaware legislature passed legislation that created the 2022 Delaware Relief Rebate Program to provide resident, individual income taxpayers a one-time, retroactive, refundable income tax credit in the amount of $300. The tax credit is referred to as a “relief rebate.” Start your free 7-day trial today!

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Legal analysis: Implications of state tax exclusion of overtime wages for employers and employees

ThomsonReuters

While there are over 20 local jurisdictions with municipal income taxes, he noted that the law does not exclude overtime wages from municipal occupational license tax. Individual state income tax usually follows the federal adjusted income, Wertz said, and the exclusion creates a modification.

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Are Interstate Telecommuters During COVID-19 a Sales Tax Liability for Your Company?

ThomsonReuters

The results of the Checkpoint Catalyst Survey of States’ Approach to Temporary Telecommuting survey show that the business tax consequences of COVID-19 telecommuting for companies large and small are unclear in most states. At issue in these circumstances is the concept of a tax nexus , or connection, with the state.