News & Analysis as of

Tax Relief

Holtzman Vogel Baran Torchinsky & Josefiak

Tax Relief or Tax Chaos? Why Every Arizonan Should Care About HB 2785

On January 15, 2026, the Arizona Legislature transmitted to the Governor Senate Bill (“SB”) 1106, a comprehensive $1.1 billion tax relief plan designed to align Arizona's tax code with federal tax reforms from President...more

Hogan Lovells

New tax ruling boosts Italy’s appeal for individuals relocating to Italy

Hogan Lovells on

On 19 December 2025, the Italian Revenue Agency issued a ruling clarifying that, – despite different positions taken in the past – based on the wording of the laws currently in force, it is possible for eligible individuals...more

Jaburg Wilk

Arizona Tax Breaks for Businesses, Veterans & Adoptions Take Effect January 2026

Jaburg Wilk on

Big changes are on the horizon for Arizona taxpayers starting January 1, 2026. Senate Bill 1749 (SB1749), passed as part of the state’s budget, introduces new tax breaks and expands several existing ones—especially for...more

Mayer Brown

State of Rio De Janeiro Implements Special Program for Repayment of Tax Debts in Installments

Mayer Brown on

On December 9, 2025, Decree No. 50.040/2025 was published in the Official Gazette of the State of Rio de Janeiro (“DOERJ”). The decree regulates the special program (the “Program”) allowing for payment in installments of tax...more

McDermott Will & Schulte

Major update: Potential refund opportunity for interest and penalty amounts accrued during COVID-19 federally declared disaster

The US Court of Federal Claims’ (CFC) recent decision in Kwong v. United States, No. 23-267 (Fed. Cl. Nov. 25, 2025), provides significant support for the potential refund opportunity we identified in a previous blog post...more

A&O Shearman

Autumn Budget 2025 – Tax Overview

A&O Shearman on

UK Chancellor of the Exchequer, Rachel Reeves, announced her second Budget on November 26, 2025. We set out below a summary of the main tax measures announced. Key takeaways include increases in income tax rates for...more

Husch Blackwell LLP

New Hampshire Establishes Amnesty Program for Taxpayers

Husch Blackwell LLP on

New Hampshire passed legislation this year to establish a one-time opportunity for taxpayers to pay all outstanding taxes and receive amnesty from penalties and one-half of the interest that has accrued since the tax was due....more

Phelps Dunbar

IRS Grants 2025 Penalty Relief on Tip and Overtime Reporting

Phelps Dunbar on

The U.S. Department of the Treasury and Internal Revenue Service (IRS) has issued long-awaiting guidance in connection with the new reporting requirements imposed by the One, Big, Beautiful Bill Act (OBBBA) that President...more

Jackson Lewis P.C.

IRS 2025 Penalty Relief: A Break for Employers under OBBBA’s Tax Reporting for Tips and Overtime

Jackson Lewis P.C. on

The Internal Revenue Service (IRS) released guidance on November 5, 2025, granting employers relief from tax penalties for failing to provide employees information related to their (1) “qualified tips” and (2) “qualified...more

Blake, Cassels & Graydon LLP

Canada Revenue Agency Overhauls the Voluntary Disclosures Program: Key Highlights

To make its voluntary disclosure program (VDP) more attractive, the Canada Revenue Agency (CRA) has implemented significant changes to the program effective October 1, 2025. At a high level, the new VDP...more

Fox Rothschild LLP

IRS Provides Second Extension for Taxpayers Affected by Terrorist Attacks in Israel

Fox Rothschild LLP on

In Notice 2025-53, the IRS provided relief for individuals and businesses affected by terrorism in the State of Israel throughout 2024 and 2025. The new notice extends the relief granted to taxpayers in Israel, as well as the...more

Cadwalader, Wickersham & Taft LLP

FIRPTA Relief for Inbound “F” Reorganizations

On August 19, the IRS announced guidance providing relief for certain non-U.S. corporations redomiciling into the United States. Notice 2025-45 (the “Notice”) introduces an exception to the general rule requiring gain...more

Mayer Brown

Self-Regularization of Tax Debts: PGFN/RFB Notices No. 58 and 59/2025

Mayer Brown on

On September 1, 2025, the Public Notices PGFN/RFB No. 58 and 59/2025 were published in the Official Gazette of the Union (DOU), authorizing taxpayers to join the settlement program for credits arising from tax litigation...more

Hogan Lovells

IRS reduces barriers to redomiciliations

Hogan Lovells on

On August 19, the IRS released Notice 2025-45 (the “Notice”), announcing its plan to reduce barriers to certain redomiciliations. In particular, the IRS reduced barriers to redomiciliations by foreign publicly traded...more

Lathrop GPM

Florida Repeals Sales Tax on Commercial Leases

Lathrop GPM on

Florida has historically been the only state that charged sales tax on commercial leases. That changed on June 30, when Florida Gov. Ron DeSantis signed House Bill 7031 into law. ...more

Venable LLP

SALT Alert: Final OBBBA Temporarily Expands SALT Cap and Revises AMT Phaseout

Venable LLP on

The One Big Beautiful Bill Act (OBBBA or the Act), enacted in July 2025, introduces significant changes to the treatment of state and local tax (SALT) deduction and the alternative minimum tax (AMT). ...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (8/13)

Cozen O'Connor on

Pritzker Signs ‘Sonya Massey’s Bill’ Into Law, Requiring Stricter Background Checks for Police Hiring- “The new law requires law enforcement agencies across Illinois to review all aspects of a person’s background and...more

Saul Ewing LLP

Illinois Announces Tax Amnesty Programs Saving Taxpayers and Remote Retailers Interest and Penalties

Saul Ewing LLP on

On June 16, 2025, the Illinois legislature enacted H.B. 2755 (Public Act 104-0006), which made significant taxpayer-friendly amendments to The Tax Delinquency Amnesty Act (TDAA) and The Retailers’ Occupational Tax (ROT) Act....more

Womble Bond Dickinson

Unlocking Savings: New Tax Breaks for Overtime and Tips - What Employers Need to Know

Womble Bond Dickinson on

In a sweeping move set to reshape employee paychecks, the newly enacted One Big Beautiful Bill Act (OBBBA) introduces two significant federal tax deductions for hourly workers: one for overtime pay and another for tip income....more

Otten Johnson Robinson Neff + Ragonetti PC

Denver Announces a Middle Income Housing Pilot Program

Denver’s Department of Housing Stability (“HOST”) and Denver Housing Authority (“DHA”) are partnering to pilot a program aimed at spurring development of middle-income housing.  As reported in the Denver Post, Denver Mayor...more

Amundsen Davis LLC

Missouri Eliminates Income Tax on Capital Gains for Individuals

Amundsen Davis LLC on

On July 10, 2025, Missouri Governor Mike Kehoe signed into law House Bill 594 (the “Bill”), which effectively eliminates the capital gains income tax for individuals and an income tax deduction for corporations. Capital gains...more

Jackson Lewis P.C.

New Tax-favored Benefit for Employees with Children

Jackson Lewis P.C. on

Among the federal tax changes made by the “One Big Beautiful Bill Act” (discussed in our prior post) is a new kind of custodial savings account for children (who’ve been issued a social security number) to which their or...more

Holland & Knight LLP

Washington State Budget Triggers Higher Business, Capital Gains and Estate Taxes in 2025

Holland & Knight LLP on

Thanks to three primary revenue bills that were signed into law earlier this year, taxes are going up in the state of Washington, in particular for large service businesses, estates and individuals earning capital gains. ...more

Troutman Pepper Locke

The One Big Beautiful Bill Act: Analysis of Key Provisions for Private Equity Funds and Their Portfolio Companies

Troutman Pepper Locke on

On July 4, 2025, President Donald Trump signed H.R. 1 into law, the budget reconciliation bill known as the One Big Beautiful Bill Act (the Act). As discussed in our prior alert following the passage by the House of...more

Holland & Knight LLP

Florida Gov. Ron DeSantis Signs 2025 Tax Bill into Law

Holland & Knight LLP on

Florida Gov. Ron DeSantis recently signed House Bill 7031 into law, enacting sweeping changes to Florida's tax statutes that include updates to the sales tax on commercial leases, sales tax relief, certain corporate income...more

928 Results
 / 
View per page
Page: of 38

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide