Corporate Taxes, Personal Property

A Legal Perspective on PT-300s, Soft and Hard Costs and Capitalization in South Carolina*

Womble Bond Dickinson on 11/27/2023

South Carolina companies with any real or personal property placed in service in the state annually complete and file a PT-300, the state’s property tax return form. Companies that have entered into a negotiated Fee in Lieu...more

Income Sourcing Rules – Foreign-Source and U.S.-Source Income

Freeman Law on 3/21/2022

In the international tax context, the source of a taxpayer’s income can have significant implications. The source of income may determine whether a taxpayer qualifies for a foreign tax credit with respect to the income. Or,...more

Weekly IRS Roundup December 23 – 27, 2019

McDermott Will & Emery on 12/31/2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 23 – 27, 2019. December 20, 2019: The Department of the Treasury’s Financial Crimes...more

DC QHTC regulation amended to require new application procedure

Eversheds Sutherland (US) LLP on 1/9/2019

The District provides a variety of tax benefits to QHTCs, including sales and use tax and personal property tax exemptions, as well as a reduced corporation franchise tax rate. In order to qualify as a QHTC, a business must: ...more

Georgia Legislature enacts significant income, sales, and property tax legislation

Eversheds Sutherland (US) LLP on 4/5/2018

The Georgia legislative session concluded on March 29, 2018. In addition to two major bills relating to federal tax reform, Georgia enacted several other pieces of notable tax legislation....more

The Impact of the Tax Cuts and Jobs Act on LIHTC Investments

Pillsbury Winthrop Shaw Pittman LLP on 1/4/2018

The Tax Cuts and Jobs Act contains changes impacting the LIHTC Program. While the low-income housing tax credit program emerged largely unscathed, the reduction in corporate tax rates will reduce equity pricing. ...more