DC Lawmakers Focus on Business, Wealth Taxes in Budget HearingDC lawmakers held a marathon hearing Friday to debate different revenue raisers to fill a projected $700 million budget gap next year, but most focused on measures to implement a business activity tax and wealth tax.Bloomberg Tax News1d agoWhole story →Economydc budget hearing
Judge Nixes Dougherty Electric’s Surviving Post-Fraud Refund BidThe Court of Federal Claims Friday dismissed the remainder of Dougherty Electric Inc.'s $1.53 million refund claim for interest and penalties it paid after the owner pleaded guilty to tax evasion because the company failed to state a viable claim.Bloomberg Tax News1d agoWhole story →EconomyJusticetax evasion ruling
Illinois Governor Paid $2.6 Million in Federal and State TaxesIllinois Gov. JB Pritzker (D) and his wife reported $9.4 million in adjusted gross income and paid $2.2 million in federal taxes for tax year 2025, according to tax records released by his campaign Friday.Bloomberg Tax News1d agoWhole story →EconomyJB Pritzkergovernor tax records released
Florida DOR Extends Corporate Tax Deadlines for Hurricane IsaiasThe Florida Department of Revenue (DOR) announced corporate income/franchise tax filing relief for businesses affected by Hurricane Isaias, following federal disaster relief granted by the IRS. Eligible taxpayers with Florida ...Bloomberg Tax News1d agoWhole story →SecurityPlanethurricane isaias tax relief
Accenture Says US Export Tax Break Cut Its Bill By $158 MillionAccenture PLC saved $157.7 million on its latest year’s tax bill from a US tax break on export income, according to the company’s annual report issued Friday.Bloomberg Tax News1d agoWhole story →Economyfdii tax break impact
US Clean Energy Set to Reach New Highs as Tax-Credit Cliff LoomsThe US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-center electricity demand stimulates growth.Bloomberg Tax News1d agoWhole story →EconomyPlanet
