Cherry Bekaert

APRIL 22, 2024

The credit may be used against income tax, and excess credit may be used against payroll withholding tax in certain situations. The South Carolina tax credit is claimed in the following year after job creation, and the tax credit may only be used against 50% of the company’s income tax liability.

South Carolina 105

South Carolina North Carolina Mississippi Georgia 105

CPA Practice

JANUARY 16, 2024

The deal would also allow families to use the previous year’s income to qualify for the relief, according to a summary of the package, which wasn’t yet introduced as legislative text. percent cap on low-income housing tax credits in place from 2018 to 2021, allowing states to allocate more of the credit to affordable housing projects.

tax planning 116

tax planning Tax New Jersey Ohio 116

TaxConnex

JULY 12, 2022

Ohio revised its sales and use tax rule to add certain exempt construction contractor purchases. The current online resource used for sales tax filing (e-TIDES) will be retired this November and the state will move sales tax services to the online system currently used for most other tax types, myPATH.

Sales 178

Sales Tax Oklahoma Illinois 178

CPA Practice

JANUARY 16, 2024

The deal would also allow families to use the previous year’s income to qualify for the relief, according to a summary of the package, which wasn’t yet introduced as legislative text. cap on low-income housing tax credits in place from 2018 to 2021, allowing states to allocate more of the credit to affordable housing projects.

Tax 52

Tax New Jersey Ohio income tax 52