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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. Not yet a subscriber?

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What was new in October for state sales and use taxes

TaxConnex

The exemption does not apply to any tax levied by a county, city or district and it sunsets in 2028. Kentucky has issued additional guidance following passage of a bill this spring that will make taxable beginning in 2023 many services previously not subject to state sales tax. For tax years beginning on or after Jan.

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State & Local Tax Update: 5/25/18

Katz,Sapper&Miller

The Kentucky legislature recently passed significant tax law changes with House Bill 366 and House Bill 487, including an overhaul to much of Kentucky’s corporate tax system and addressing the state’s conformity to the Tax Cuts and Jobs Act.

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Why Idaho Senator Mike Crapo Largely Controls Bipartisan Tax Bill’s Fate

CPA Practice

Senate GOP Leader Mitch McConnell of Kentucky told NBC he would defer to Crapo on the bill, which would need to advance through the Finance Committee before a vote on the Senate floor, where it would need at least 60 votes to defeat a filibuster. In a statement when Wyden and Smith unveiled their deal on Jan.

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