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McGuireWoods LLP

North Carolina General Assembly Week in Review

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On Monday afternoon, 76 days after the new fiscal year (FY) began, Speaker of the House Tim Moore (R-Cleveland) and President Pro Tempore Phil Berger (R-Rockingham) held a press conference to unveil the details of the new...more

Blank Rome LLP

Philadelphia School Income Tax Imposed on Undistributed S Corporation Income

Blank Rome LLP on

The City of Philadelphia Revenue Department (“City”) is assessing the School Income Tax (“SIT”) on the entire share of a resident S Corporation shareholder’s income, whether or not distributed. The assessments reach back to...more

Faegre Drinker Biddle & Reath LLP

There’s One For You, Nineteen For Me – Ideas For The Better Investment Of State & Local Taxes In Indiana

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The business personal property tax, which raises about a billion dollars annually for local government, should be eliminated to spur job creating investments in our communities and it should be replaced by the existing...more

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