Tax Developments
November 12, 2001
Chicago Civic Federation Publishes Illinois Telecommunications Tax Study.
The Chicago Civic Federation recently released a definitive study of the
Illinois telecommunications tax structure (the "Study"). The Study
examines the history of telecom taxes in Illinois and a detailed description
of each type of tax and surcharge imposed upon telecom retailers and
the services they provide.
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October 25, 2001
Update on Tax Relief for Property Used for Environmental Protection.
On October 23, 2001, the Texas Natural Resource Conservation Commission ("TNRCC")
convened a public hearing on proposed revisions to Regulations dealing
with tax relief for property used for environmental protection. The
proposed revisions implement House Bill 3121, passed by the 77th Legislature,
2001, which require the commission to adopt specific standards for
evaluating pollution control property use-determination applications
and to provide an appeals process.
More>>
October 25, 2001
Ohio Tax Commissioner Zaino Announces Ohio Tax Amnesty.
In a recent press release, Commissioner Thomas Zaino announced Ohio's plan
to offer a tax amnesty program. The program began on October 15, 2001
and will continue through January 15, 2002. This is a unique opportunity
for those who have known liabilities to achieve compliance without the
ramifications of penalties and a 50% reduction of interest.
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October 25, 2001
Illinois Direct Pay Program.
Effective July 1, 2001, the Illinois Department of Revenue (the "Department")
has established a Direct Payment Program (the "Program") (Illinois House
Bill 3289, enacted into law as Public Act 92-0484). Under the new Program,
any taxpayer who has been issued a Direct Pay Permit is no longer required
to pay the applicable transaction tax (either the Retailers' Occupation
Tax or the Use Tax) to the retailer when purchasing tangible personal
property for use or consumption in Illinois.
More>>
September 4, 2001
Recent Appeals Court Decision Affects Mandatory Property Tax Renditions in Texas.
The issue of whether or not to file a rendition of personal property in Texas
is not new nor is it a simple one. Since the introduction of the Tax
Code as Senate Bill 621 during the 66th Legislative Regular Session
in 1979 there have been questions regarding the intent of the legislature
regarding the rendition of personal property.
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August 21, 2001
Enterprise Zone Law Changes Reflect New Texas Economy.
At the close of the 77th Texas Legislative Session, Governor Rick Perry signed
into law
House
Bill 2686, with new updated tax incentives for Texas businesses.
These new incentives more than double the sales tax refund for job creation
and transformed the current franchise tax deduction to a franchise tax
credit taken below the line.
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July 25, 2001
Comptroller Adopts Rule 3.300, Manufacturing.
The Comptroller of Public Accounts adopts an amendment to rule 3.300, concerning manufacturing;
custom manufacturing; fabricating; processing, with changes to the proposed
text as published in the February 2, 2001, issue of the
Texas Register
(26 TexReg 1109).
More>>
July 11, 2001
Review of the 77th Session of the Texas Legislature.
The Texas Legislature's 77th session ended May 28, 2001. The Legislature will
not reconvene until January 2004. The following is a comprehensive review
of the major tax-related bills passed this session. This review, however,
does not attempt to analyze the hundreds of tax bills filed.
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March 30, 2001
Legislative Action on Louisiana Refunds.
House Bill No. 14 amending the authorization for refund statute R.S. 47: 1621
was passed in the First Extraordinary Session, 2001 of the Louisiana
Legislature.
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February 5, 2001
Comptroller Proposes Amendment to Rule 3.300, Manufacturing.
The Comptroller of Public Accounts proposes an amendment to Rule 3.300,
concerning manufacturing; custom manufacturing; fabricating; processing.
The amendment reflects changes made to Tax Code,
§151.318, by the 75th Legislature, 1997 and 76th Legislature,
1999.
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