State & Local Tax
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 Los Angeles County. This relief…
Read MoreLouisiana 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 legislation includes: Corporate Tax Changes…
Read MoreMassachusetts Announces Tax Amnesty Program
Massachusetts will hold a tax amnesty program from November 1, 2024, to December 30, 2024, during which time it will waive most penalties for eligible taxpayers who file outstanding returns…
Read MoreKBF State Income Tax Newsletter – 3rd 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 and does not constitute specific…
Read MoreTax Benefits of Home Renovations
While home renovations aren’t typically fully tax-deductible, several strategies can help you minimize your tax burden. Here are some options: Mortgage Interest Deduction When you finance your home purchase,…
Read MoreOregon Voters to Decide on Additional Corporate Minimum Tax in November
Initiative Petition 2024-17 (IP-17) has qualified for Oregon’s November 5, 2024 General Election ballot; the measure is officially titled Oregon Measure 118, Corporate Tax Revenue Rebate for Residents Initiative (2024).…
Read MoreImportant Updates to Multnomah County’s Preschool for All Income Tax
Multnomah County has adopted amendments to the Preschool for All income tax program aimed to improve tax administration and compliance. Some of these key changes include: Electronic Filing: The County wants…
Read MorePortland passes Downtown Business Incentive Program
Portland’s central city has witnessed a substantial exodus of businesses since 2019, with many relocating to nearby counties. The official vacancy rate for office spaces in the central business district…
Read MoreOregon taxpayers to receive record $5.6 billion kicker tax rebate
Oregon taxpayers can anticipate receiving an unprecedented kicker tax rebate of $5.6 billion, based on the near-final forecasts released on Wednesday. This rebate works out to the median taxpayer receiving…
Read MoreDoing Business in the City of San Francisco: Meeting Your Regulatory Requirements
Companies doing business in San Francisco (the city) are required to register and pay an annual registration fee. The general deadline for paying license fees for the 2023-2024 period is…
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