DC Lawmakers to Debate Pied-à-Terre Tax on $2.6 Million HomesDC could become the next major locality to institute a tax on high-end second homes, with local lawmakers set to debate several proposed levies during a Friday hearing.Bloomberg Tax News2d agoWhole story →EconomyBuildpied terre tax debate
IRS Issues News Release Suspending Excise Tax Penalties for Highway-Use Dyed DieselThe IRS announced temporary federal excise tax relief for dyed diesel fuel sold for use or used on highways nationwide. For the period from October 1 through December 31, 2026, ...Bloomberg Tax News2d agoWhole story →EconomyBuildirs tax relief announcement
NYC Childcare Expansion to Cost $735 Million a Year, Study SaysExpanding New York City’s childcare system to provide universal coverage for more children would cost about $735 million a year, according to a new report, raising questions about how Mayor Zohran Mamdani would finance a signature proposal.Bloomberg Tax News2d agoWhole story →EducationJusticeZohran Mamdaninyc childcare expansion proposal
IRS Says Bid to Block Donor Reporting Threatens Tax OversightThe IRS asked a federal judge to dismiss a nonprofit’s First Amendment challenge to a rule requiring tax-exempt organizations to disclose major donors because there is “no constitutional right to a double tax subsidy.”Bloomberg Tax News2d agoWhole story →JusticeEconomy
IRS Proposes Regulations on Premium Tax Credit Eligibility, Computation, RepaymentThe IRS proposed regulations implementing changes to the premium tax credit (PTC) under the One, Big, Beautiful Bill Act (OBBBA). The proposal includes: 1) stricter eligibility verification; 2) limitations involving ...Bloomberg Tax News2d agoWhole story →Economy
Ukraine Backs IMF, EU-Linked Parcel VAT Bill in 2nd ReadingUkraine’s parliament passed legislation removing the VAT exemption for low-value parcels imported from abroad, a measure required by international donors including the International Monetary Fund and the European Union.Bloomberg Tax News3d agoWhole story →EconomySecurity
