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Future sales tax trends

TaxConnex

Lawmakers in Louisiana, however, opted to give their state one of the highest combined sales taxes in the nation by passing simultaneous tax cuts on personal and corporate income tax and hiking the states sales tax to 5% (at least for the rest of this decade). Dropping thresholds.

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What’s new in sales tax?

TaxConnex

The five-letter acronym stands for the states without a statewide sales tax – New Hampshire, Oregon, Montana, Alaska and Delaware – and two of those states might be leaving the group sooner than later. Rate hike on the bayou.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

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Treasury, IRS Final Regs on Direct Pay Expand Clean Energy Tax Credit Access

CPA Practice

Direct pay allows eligible entities and organizations—such as tax-exempt groups, Indian tribal governments, Alaska Native Corporations, the Tennessee Valley Authority, and rural electric cooperatives—to benefit from clean energy tax credits, according to Treasury and the IRS.

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Decanting a Trust: Bringing Flexibility to the Inflexible

Withum

States like South Dakota and Nevada are known for their flexible decanting laws, while others like Delaware and Alaska impose stricter requirements. Risks and Considerations Tax Implications : Improper decanting can trigger gift, estate, or income tax consequences.

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Senate Reconciliation of Beautiful Bill: Key Changes in Latest Draft

Insightful Accountant

While the bill is shorter overall, it now contains more sections due to new community development provisions, particularly targeting Alaska-specific tax issues. The firearms excise tax structure was modified instead, maintaining $200 for machineguns and destructive devices while eliminating taxes on other firearms.

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Mastering U.S. Federal Payroll Compliance

CPA Practice

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