Employers are reminded that Mar. 31, 2011, is the deadline for making offsetting adjustments to correct Social Security (OASDI) overwithholding caused by not having implemented the 4.2% employee OASDI tax rate as of the beginning of this year. The temporarily…
Arkansas has passed legislation amending various provisions of the sales tax law to conform to changes made by the Streamlined Sales Tax Act. The amendments apply Arkansas sales and use tax to the following: digital audio-visual work new provisions related…
The Department of Revenue has issued Excise Tax Advisory 3163.2011 (“Qualifying Equipment under the Data Center Exemption”) explaining what equipment qualifies as “eligible server equipment” for purposes of the sales and use tax exemption for computer data centers. The State…
A bipartisan group of lawmakers is pushing legislation intended to strengthen the research and development tax credit by increasing it from 14% to 20%, and most importantly making it permanent for businesses. The permanency of this credit would encourage companies, especially in…
As some states sunset their tax incentive programs, others have instituted or are proposing an expansion of existing tax incentives in an effort to create jobs and spur their local economy. Indiana has enacted a temporary credit to offset corporate income…
