News
U.S. Overhauls International Tax System in the One Big Beautiful Bill Act
On July 4, 2025, President Donald Trump signed into law the One Big Beautiful Bill Act (OBBBA), marking the most significant reform of U.S. international…
Major Changes Coming to Texas Research and Development Tax Benefits
Texas has enacted significant changes to how businesses benefit from research and development (R&D) tax incentives. Starting January 1, 2026, the state is streamlining its…
Washington State Enacts Comprehensive Tax Reforms for 2025-2027
On May 20, 2025, Washington Gov. Bob Ferguson signed multiple tax bills into law as part of the biennial budget passed by the state legislature…
KBF Sales and Use Tax Newsletter – 1st Quarter 2025
Here are recent court rulings, legislation, and administrative changes that have significantly impacted sales tax landscapes across the country. In Indiana, online video game subscriptions,…
KBF State Income Tax Newsletter – 1st Quarter 2025
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only…
Michigan Enacts Refundable R&D Tax Credit
On January 13, 2025, Governor Gretchen Whitmer signed bipartisan legislation re-establishing a refundable Research and Development (R&D) Tax Credit as part of the Michigan Innovation…
Navigating State Tax Nexus in the Digital Age
In today’s interconnected world, understanding state tax nexus is crucial for businesses of all sizes. The concept of nexus, the requisite connection between a business…
R&D Tax Credit Reporting: New Rules, New Requirements
The federal research and development (R&D) tax credit, while a valuable incentive, has long been known for its complexity. The tax return itself has historically…
KBF State Income Tax Newsletter – 4th Quarter 2024
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only…
KBF Sales and Use Tax Newsletter – 4th Quarter 2024
Here are recent court rulings, legislation, and administrative changes that have significantly impacted sales tax landscapes across the country. California extended the sales and use…
California Wildfire Relief: Tax Filing and Payment Deadlines Extended
In response to the devastation caused by recent wildfires, various tax agencies have implemented filing and payment extensions to support affected individuals and businesses in…
Louisiana Overhauls Tax Code with Sweeping Changes
Louisiana recently enacted a comprehensive tax reform package, significantly altering the state’s tax landscape. Signed into law by Governor Jeff Landry on December 5th, the…