Brady Ware News

Georgia State and Local Tax Updates July 2019

Deduction for 529 plans doubles for Georgia residents July 10, 2019 Applicable to tax years on or after January 1, 2020, Georgia state law doubles the income tax deduction for 529 plan contributions from $2,000 to $4,000 per beneficiary for single filers, and from $4,000 to $8,000 per beneficiary for married couples filing jointly. Exemption…

Read More

Illinois State and Local Tax Updates July 2019

Illinois extends deadline for Franchise Tax and License Fee Amnesty Act July 10, 2019 Illinois extends the deadline for its Franchise Tax and License Fee Amnesty Act. Between October 1, 2019, and November 15, 2019, all taxpayers owing a license fee that was for any tax period ending after March 15, 2008, and on or…

Read More

Michigan State and Local Tax Updates July 2019

Michigan state law amends the Land Division Act to require conditions July 10, 2019 Michigan state law has amended the Land Division Act to now require one or both of the following as a condition for approval of any proposed division of a parcel or tract of land under the act: 1) the payment of…

Read More

New York State and Local Tax Updates July 2019

Sales tax rate in New York’s Westchester County increases July 10, 2019 The state’s Department of Taxation and Finance has announced that the sales and use tax rate in the county is rising from 3% to 4%. This doesn’t include the cities of Mount Vernon, New Rochelle, White Plains and Yonkers. Taxpayers are advised that…

Read More

California State and Local Tax Updates July 2019

California gives veterans a boost July 3, 2019 The CA Employment Development Dept. has awarded $5 million in Veterans’ Employment-Related Assistance Program grants. The grants are expected to help about 1,200 veterans secure jobs. “EDD is proud to provide California veterans with the tools they need to transition into sustainable careers,” said EDD Director Patrick…

Read More

Scroll Up