State & Local Tax
Colorado Will Tax All Software Sales Starting 2027 Under HB 26-1223
On June 4, 2026, Governor Polis signed House Bill 26-1223 into law. Effective for transactions on and after January 1, 2027, Colorado software sales tax will apply to computer software…
Read MoreCalifornia Will Tax SaaS Starting 2027: What SB 122 Means for Sellers and Buyers
California has been one of the more favorable states for software transactions when it comes to sales tax. Prewritten software delivered on tangible media has long been taxable, but software…
Read MoreCalifornia Court Opens the Door to Three-Factor Apportionment for Capital-Intensive Businesses
In a decision that could reshape how multistate companies apportion income to California, the Los Angeles County Superior Court ruled in Smithfield Packaged Meats Corp. v. California Franchise Tax Board…
Read MoreIndiana Tax Amnesty 2026: No Penalties, No Interest, No Collection Fees Until September 9
If your business or individual clients have unresolved Indiana tax liabilities, the state’s first tax amnesty program in over a decade is offering an unusually favorable path to resolution, but…
Read MoreSection 1202 QSBS Regulations Are Coming — Here’s What to Document Now
For founders, early employees, and investors in qualifying C corporations, the Section 1202 gain exclusion represents one of the most valuable tax benefits in the U.S. tax code — and…
Read MoreKBF State Income Tax Newsletter – 1st Quarter 2026
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 and does not constitute specific…
Read MoreOregon Tax Changes for 2026: SB 1507 & Federal Tax Disconnect Explained
Oregon Senate Bill 1507 partially disconnects Oregon’s tax code from three provisions of the federal “One Big Beautiful Bill Act” (H.R. 1). The bill has passed both chambers and is…
Read MoreWashington State Millionaire Tax (2026): 9.9% Income Tax Explained
Washington State’s New Income Tax on Millionaire Residents Washington was one of the few states that did not impose an income tax on its residents. Things changed when Governor Bob…
Read MoreKBF State Income Tax Newsletter – 4th 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 and does not constitute specific…
Read MoreKBF State Income Tax Newsletter – 3rd 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 and does not constitute specific…
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