The House Ways and Means Committee is going to review changes to the statutory rules governing corporate tax apportionment and calculation, as well as possibly other tax issues impacting businesses. Legislation is expected to be developed and moved forward, although it is unclear at this time what might move this year or next year. There […]
The Week Ahead in Committees | Week of April 15
The following are selected items on committee calendars for the coming week that might be of interest to members. Schedules are subject to change. If you would like more information on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org. You and also review full agendas […]
The Week Ahead in Committees | Week of April 8
The following are selected items on committee calendars for the coming week that might be of interest to members. Schedules are subject to change. If you would like more information on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org. You and also review full agendas […]
Initial Carbon Tax, Other Tax Increases Pass House
On Wednesday, the House passed the first version of a carbon tax in H.439, which increases the tax on the retail sale of heating oil, propane, kerosene, and other dyed diesel fuel delivered to a residence or business from $0.2 to $0.4, and increases the tax on the retail sale of natural gas from 0.75% […]
Action Alert | Mandatory Paid Family Leave On the House Floor
H.107, imposing mandatory paid family leave, is currently in the House Appropriations Committee, which is expected to approve the bill early next week and it is expected to come to the House floor Wednesday or Thursday. The bill is expected to follow the recommendations of the House Ways and Means Committee, which modified a number […]
UPDATED ACTION ALERT | Mandatory Paid Family and Medical Leave Advances in the House
H.107, imposing mandatory paid family and medical leave, passed the House General, Housing, and Military Affairs Committee this week and is now before the House Ways and Means Committee. The bill is significantly more expansive than paid family leave legislation passed last year but vetoed by the Governor. Although the Ways and Means Committee scaled […]
UPDATED | New Legislation
The following are bills introduced in the Legislature this year that might be of particular interest to members, with first the House bills and then the Senate bills. Click on the bill number for more about texts, sponsors, procedural history, and other information. Keep in mind that the statements of purpose provided below are part […]
IRS Resources for Business Owners
IRS Resources for Business Owners The IRS is reaching out with a small business initiative highlighting several tax law changes affecting business owners. Below are key items of interest. Some of the topics include: changes in depreciation/expensing, accounting methods, and the blended corporate tax rate. AIV has been asked to share these resources with our […]
Reduction in Taxable Wage Base for Unemployment Insurance Announced for 2019
On October 4, the Department of Labor announced that, beginning January 1, 2019, employers will see a reduction in the taxable wage base amount that they currently pay on unemployment taxes by $2,000. Nearly 22,600 employers remit state unemployment taxes to the Department of Labor on an annual basis. These taxes are deposited into the […]
Update on Sales Tax Exemption for Materials Used in the Construction of Manufacturing or Downtown Redevelopment
The Tax Department recently published a revised version of Technical Bulletin 09 — Sales Tax Exemption for Materials Used in the Construction of Manufacturing or Downtown Redevelopment. The law was revised in Act 157 of 2016 and but the Department had not yet updated its bulletin until now. Click here for a copy. If you […]