CA - Cannabis excise tax rate hike announced
Effective July 1, 2025, the California cannabis excise tax rate is increased from 15% to 19% of gross receipts from retail sales of cannabis or cannabis products. The California Department of Tax and ...
CO - SALT parity act guidance updated
Colorado issued updated guidance on the state's SALT Parity Act, which allows electing pass-through entities (PTEs) to pay Colorado income tax at the entity level. The updated guidance clarifies that ...
GA - Local rate changes announced for Q3
Multiple Georgia counties have sales and use tax rate change that take effect on July 1, 2025.County Tax Rate ChangesThe following counties will have tax rate changes:Clinch, 7%;Stewart, 8%;Telfair, 8...
HI - Legislature approves IRC conformity update
The Hawaii Legislature has approved a bill that would update Hawaii’s Internal Revenue Code tie-in date for computing corporate and individual income tax liability. If signed by the governor, the bi...
MT - Personal income tax revisions enacted
For Montana tax years beginning January 1, 2026, and ending December 31, 2026, the rate of 4.7% is imposed on taxable income up to $95,000 (increased from $41,000; for joint filers and surviving spous...
NY - Aunt wins dispute on qualifying child credits
A New York administrative law judge ruled in favor of a petitioner disputing a personal income tax issue that hinged on the question of whether she could claim her nephew as a qualifying child for pur...
TX - Restaurant marketing subscription bundles
The Texas Comptroller’s office has issued a private letter ruling determining that a taxpayer's bundled marketing services provided to bars and restaurants—offered through subscription packages—...
VT - New local option taxes announced
Vermont announced that the following seven towns will have new local option taxes, effective July 1, 2025.Hartford is adding Local Option Sales Tax (the town already has Local Option Meals and Rooms T...