Year after year, we’ve waited for Congress to extend key tax breaks before year-end. This year’s legislation does the job and more, making a number of key incentives permanent and extending others for multiple years. Details in this Alert.
Oregon Governor Kate Brown on July 20 signed Oregon HB 2171, which imposes a six-year suspension on the use of tax credits to satisfy the minimum tax liability. The result: An increase in tax liability for many corporations.
California Governor Jerry Brown signed SB 81, which expanded and extended the College Access Tax Credit. The credit now covers the 2017 tax year and reduces regular tax below tentative minimum tax. The latter change is retroactive back to 2014.
Providers will need to change how they calculate their Medicare fraction due to Ruling 1498-R3 from the Centers for Medicare & Medicaid Services (CMS).
Construction, real estate, and architecture companies have had to pivot quickly in response to the COVID-19 pandemic. In this panel, we’ll hear from industry leaders on how they have remained nimble in times of disruption.