by Michael Hogberg EA | Jul 6, 2022 | State Tax
July 6, 2022 oming off the greatest year of revenue collections in state history, Gov. Jim Justice announced today that he is proposing a permanent 10% cut of the personal income tax. Under the Governor’s proposal, the 10% tax cut will be retroactive to the beginning...
by Michael Hogberg EA | Jul 4, 2022 | State Tax
On April 22, the Indiana General Assembly did not adopt certain provisions of the current Internal Revenue Code and Governor Eric Holcomb signed this into law on April 29. As a result, Indiana taxpayers cannot use the federal unemployment compensation exclusion on...
by Michael Hogberg EA | Jul 1, 2022 | State Tax
Rate decreases for the second time since 2008 July 1, 2022 The Kentucky Department of Revenue (DOR) has set the 2022 State Real Property Tax Rate at 11.5 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires DOR to set the real property rate no...
by Michael Hogberg EA | Jul 1, 2022 | Enforcement Updates
Friday, July 1, 2022 Joseph Smith, 57, formerly of Fishkill, New York, was sentenced to three years and six months in prison, three years of supervised release, and ordered to pay $2,100,450 in restitution by U.S. District Court Judge Gerald J. Pappert for his scheme...
by Michael Hogberg EA | Jul 1, 2022 | State Tax
July 1, 2022 Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.68 billion in June, 16.4 percent more than in June 2021. The majority of June sales tax revenue is based on sales made in May and remitted to the agency in June. As a result of a...