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Jeff A. Kieckhafer
12750 High Bluff Drive,
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Gregory A. Fletcher
5285 Meadows Road
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Lease Transactions Now Subject to Tax in Illinois
Effective January 1, 2025, Illinois will begin taxing lease transactions. Prior to January 1, 2025, personal property was subject to tax at the time of…
Read MoreAlaska Repeals Sales Tax Transaction Threshold
Effective January 1, 2025, the Alaska Remote Seller Sales Tax Commission will no longer use the number of transactions as a factor in determining economic…
Read MoreKBF State Income Tax Newsletter – 3rd Quarter 2024
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only…
Read MoreKBF Sales and Use Tax Newsletter – 3rd Quarter 2024
Here are recent court rulings, legislation, and administrative changes that have significantly impacted sales tax landscapes across the country. Remote Seller Nexus Thresholds Several states…
Read MoreTax Benefits of Home Renovations
While home renovations aren’t typically fully tax-deductible, several strategies can help you minimize your tax burden. Here are some options: Mortgage Interest Deduction When…
Read MoreExemption on Cloud Software Repealed in Vermont
Effective July 1, 2024, the state’s sales and use tax exemption for remotely accessed prewritten computer software is repealed. As such, the previously exempt “cloud…
Read MoreTexas Sets New Rules for Online Sales Tax Collection and Fulfillment
The new Texas regulation provides that when an order is fulfilled from warehouses or when the order is made through an automated website, the location…
Read MoreMinnesota Retail Delivery Fee Goes Live
In 2023, the state enacted a new retail delivery fee, assessing a fee of 50¢ per transaction; the new tax was effective starting July 1,…
Read MoreKentucky Legislation Adds Exemptions and Modifies Filing Thresholds
H.B. 8 is a broad bill that impacts various industries and tax types. While many of the changes only affected specific groups of taxpayers, there…
Read MoreArizona Court Finds Online Retailer Has Substantial Nexus
The Arizona Court of Appeals determined that an online auto parts retailer that utilizes Arizona distributors for shipping, warehousing, and handling services, had substantial nexus…
Read MoreKBF Sales and Use Tax Newsletter – 2nd Quarter 2024
Here are recent court rulings, legislation, and administrative changes that have significantly impacted sales tax landscapes across the country. State Attributes Third-party’s Activity to Taxpayer…
Read MoreOregon Voters to Decide on Additional Corporate Minimum Tax in November
Initiative Petition 2024-17 (IP-17) has qualified for Oregon’s November 5, 2024 General Election ballot; the measure is officially titled Oregon Measure 118, Corporate Tax Revenue…
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