IL - Governor proposes 2012 tax cut, credits
In his 2012 State of the State address, Illinois Gov. Pat Quinn announced three tax proposals for 2012 involving corporate and personal income tax and the natural gas utility gas tax. Initially, th...

IN - Acquired company filed returns late
A taxpayer, acquired by a second corporation, that did not file its Indiana corporate tax returns or remit estimated tax payments until the second corporation filed its consolidate...

IA - Equity investment credit updated
The Iowa Department of Revenue has adopted a number of new rules and amendments to regulations relating to the investment tax credit for equity investments in a qualifying business...

MI - Tax tribunal abused its discretion by dismissing taxpayers’ petition
The Michigan Tax Tribunal abused its discretion by dismissing the taxpayers’ petition challenging the assessment of the value of their residential condominium for local prope...

MN - Legislation creating exemption for nonbusiness Internet purchases introduced
Legislation introduced in the Minnesota House of Representatives would create an exemption from sales tax for nonbusiness sales and purchases of products and services over the Inte...

OH - Amnesty program explained
The city of Akron, Ohio, is offering businesses an income tax amnesty program that will run from March 5, 2012, through May 4, 2012, and apply to net profit taxes and wage taxes. A...

PA - Bill would create intangible expense addback, implement single sales factor
Legislation introduced in the Pennsylvania House of Representatives would create a corporate income tax addback for intangible expenses and would implement a single sales factor be...

WI - Job creation deduction FAQs issued
The Wisconsin Department of Revenue has issued a set of frequently asked questions (FAQs) regarding the personal income and corporation franchise and income tax deduction for job c...