Insights & Resources

The Oklahoma State legislature enacted H.B. 1039, which eliminates all corporate franchise tax fees and reporting requirements beginning for tax year 2024.

The IRS issued proposed regulations on the application of the federal Superfund Tax that address a number of issues surrounding the imposition of the tax.

Texas businesses (travel, tourism & hospitality) impacted during the pandemic can still claim a one-time grant under the Texas Travel Industry Recovery Grant Program.

The California Franchise Tax Board extended the tax filing deadline to October 16, 2023 for individuals and businesses in response to winter storms in the state.

In the March 6 Internal Revenue Bulletin the IRS issued a statement on export tax for oil spills. Find out more about this notice and how taxpayers are affected.

In a recent decision, the First District Court of Appeals in Illinois held that book-out transactions are transfers of ownership of fuel and are subject to tax.

The California Franchise Tax Board has granted a one-year extension for tax capital reporting conformity. Learn more about reporting capital accounts.

A number of states have updated their motor fuel tax rates and related fees effective in the first quarter of 2023.

The IRS has issued guidance on new sustainable aviation fuel tax credits that take effect on January 1, 2023. The guidance, Notice 2023-06, includes the following:

Colorado's new "retail delivery fee" has proved to be a challenge for business owners, retailers and marketplace providers. Learn why.

The IRS has issued guidance to taxpayers regarding claiming the alternative fuel tax credits for the first three quarters of 2022.

Pennsylvania (PA) enacted H.B. 1342, which includes corporate and personal tax changes. The bill reduces the corporate net income tax (CNIT) rate over nine years from 9.99 percent to 4.99 percent. The rates for these years are: