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Tax Legislation

Dentons

2026 Iowa Legislative Session – Week 14

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April 21, the scheduled 100th day of session, is just one day away, and legislators are working on several outstanding issues. Week 14 featured subcommittee and committee meetings on state budget bills, a new property tax...more

Mayer Brown

Tax Law Highlights | The Reduction of Tax Incentives Under Complementary Law No. 224

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KEY DEVELOPMENTS: Brazil’s Complementary Law No. 224/2025 (“LC 224/2025”) introduced a linear reduction of tax, financial and credit incentives and special regimes at the federal level, as well as criteria for their...more

Lathrop GPM

Minnesota Lawmakers Propose New Wealth Tax

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Minnesota lawmakers are advancing a significant tax proposal that would establish a first‑of‑its‑kind, state‑level wealth tax beginning in tax year 2026. House File 4616 (HF4616), authored by Rep. Aisha Gomez, would impose an...more

Fox Rothschild LLP

The Taxpayer Assistance and Service Act: Title III: Judicial Review

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This article is the third in a series analyzing the proposed Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the...more

Hogan Lovells

Italy's fiscal decree restores the non-cumulation rule for inbound workers and the high net worth individuals regimes

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In our previous article , we examined the 19 December 2025 Ruling of the Italian Revenue Agency, which allowed the concurrent application of (i) the Inbound Workers Regime (“IW Regime”) on Italian-source...more

Mayer Brown

Finance Act 2026: Inheritance Tax Treatment of Pension Death Benefits

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The Finance Act 2026 has received Royal Assent, establishing the legal framework for the significant changes to the inheritance tax (IHT) treatment of death benefits paid by registered pension schemes that were announced in...more

Bricker Graydon Wyatt LLP

Ohio H.B. 756 Could Bring a Spring “Downpour” of R&D Tax Relief

"April showers" (tax season, with deadlines often falling around April 15) can indeed bring Research & Development (R&D) tax credits. Introduced on March 11, 2026, and referred to the Ways and Means Committee on March 18,...more

WilmerHale

OBBBA Highlights: Qualified Small Business Stock and R&D Expense Deductions

WilmerHale on

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (the “OBBBA”). Among other things, the OBBBA makes permanent many provisions of the 2017 Tax Cuts and Jobs Act (the “TCJA”) that otherwise would...more

Herbert Smith Freehills Kramer

Australia’s non-resident CGT changes: a long awaited, but unwelcome, update for foreign investors

The 2024-25 Federal Budget contained a somewhat vague (but relatively modest) announcement of a ‘clarification and broadening’ of the classes of assets in respect of which non-residents would be subject to Australian capital...more

Pillsbury Winthrop Shaw Pittman LLP

Un-Banked Tax 101: The IRS Proposes Regulations Implementing the 1% Remittance Excise Tax

President Trump has famously said that “‘tariffs’ is the most beautiful word to me in the dictionary.” As financial service firms know, the Administration’s tariff policy has not been limited to non-U.S. goods and services....more

Ballard Spahr LLP

Washington State 2026 Session: Legislature Repeals and Rolls Back Certain Recently Enacted Taxes

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Following adjournment of the 2026 Washington State legislative session on March 12, 2026, Governor Bob Ferguson signed into law several bills that repealed or rolled back a variety of taxes enacted only one year earlier. This...more

Fox Rothschild LLP

The Taxpayer Assistance and Service Act: Title II: American Citizens Abroad

Fox Rothschild LLP on

This article is the second in a series analyzing the proposed Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the...more

Dentons

2026 Iowa Legislative Session – Week 13

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After relatively short weeks of floor action and light debate calendars in both chambers, there is progress towards pushing the legislature toward adjournment. Last week’s Senate debate calendar contained several high-profile...more

Maynard Nexsen

2026 Alabama Legislative Update: Regular Session - Week Twelve

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Solar Moritorium - Legislation imposing a one‑year moratorium on the construction of new solar farms failed to advance this week due to a late‑session procedural hurdle in the Senate. The bill, sponsored by Senator Greg...more

Fox Rothschild LLP

Taxpayer Assistance and Service (TAS) Act Title 1: Tax Administration and Customer Service

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This article is the first in a series of articles analyzing the Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the...more

Eversheds Sutherland (US) LLP

Georgia Legislature concludes 2026 session: Tax highlights from Sine Die

The Georgia General Assembly passed several significant tax bills during the 2026 legislative session, although the extent of income and property tax changes that were ultimately adopted was short of the groundbreaking tax...more

Mayer Brown

The Pensions Brief: April 2026

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Issues Affecting All Schemes - Finance Act 2026 – Inheritance Tax Changes - The Finance Act 2026 has received Royal Assent. Its key pensions-related provisions introduce changes to the inheritance tax (IHT) treatment of lump...more

Rivkin Radler LLP

The “Mandated” New York S Corporation Election – Does Investment Income Include Gain from the Sale of Goodwill?

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New York has once again missed its April 1 budget deadline, in no small part because the Governor’s party, which controls both the State Senate and Assembly, is once again at odds with the Governor over tax policy. The...more

Fox Rothschild LLP

Senators Introduce Bipartisan Legislation to Significantly Improve Federal Tax Administration and Procedure

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On February 26, 2026, Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) introduced the Taxpayer Assistance and Service Act, a bipartisan legislative package proposing significant...more

Brownstein Hyatt Farber Schreck

Federal Scholarship Tax Credit: Q&A Guide

A major new tax credit quietly arrived with last year’s omnibus budget reconciliation bill, opening a new opportunity for existing or prospective educational organizations to incentivize scholarship donations....more

Husch Blackwell LLP

A New Federal Framework for Education Philanthropy: What Tax-Exempt Organizations Need to Know About Section 25F

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The enactment of Section 25F of the Internal Revenue Code—part of the One Big Beautiful Bill Act (P.L. 119-21)—is one of the most significant developments in education-related tax policy in a generation. Building on decades...more

Mayer Brown

Rio de Janeiro Updates FOT Framework and Calculation Rules

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On December 23, 2025, the State of Rio de Janeiro published State Law No. 11,071/2025, which amends Law No. 8,645/2019, the law that established the Temporary Budget Fund (FOT)....more

DLA Piper

Propuesta de reforma de la Presidenta Sheinbaum al Artículo 141 del Código Fiscal de la Federación

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El 18 de marzo de 2026, la Presidenta de México, Claudia Sheinbaum, presentó ante el Congreso de la Unión una iniciativa legislativa para reformar el artículo 141 del Código Fiscal de la Federación (CFF). La iniciativa...more

Vorys, Sater, Seymour and Pease LLP

Development Incentives Quarterly: April 2026

In this edition of Development Incentives Quarterly, we welcome Nathan Ohle, president & CEO of International Economic Development Council (IEDC). In the Q&A, Nathan discusses the IEDC, its 100-year history and the value it...more

A&O Shearman

UK Pensions: Joint DB and DC trustee agenda update—April 2026

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Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on...more

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