Tax News Highlights

Tax News Highlights

Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.

Recent updates

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House Passes OBBB; Next Stop the Senate
House Passes OBBB; Next Stop the Senate
Now that the House approved its budget reconciliation bill, the bill moves on to the Senate to determine its fate.
Michigan: UP Audit Doesn't Toll Limitation Period
Michigan: UP audit doesn't toll limitation period
The Michigan Supreme Court ruled that unclaimed property audits do not toll the statute of limitations in a win for taxpayers.
House Bill Limits Benefit of State PTET Deduction
House Bill Limits Benefit of State PTET Deduction
The House budget reconciliation bill would substantially limit the PTET deduction and increase tax for some owners of pass-through entities.
House Ways and Means Approves Markup
House Ways and Means Approves Markup
The House Ways and Means Committee passed its budget proposal under the reconciliation package, starting the long and likely contentious process.
The Lown Institute 2025 Fair Share Spending Report
The Lown Institute 2025 Fair Share Spending Report
The community benefit requirement for not-for-profit hospitals is back in the spotlight, and the Lown Institute has released its 2025 report.
Reconciliation Markup Aims to Limit State Tax Reach
Reconciliation Markup Aims to Limit State Tax Reach
House committees are advancing a bill that could expand tax protections for out-of-state businesses, challenging current state tax practices.
House Passes OBBB; Next Stop the Senate
House Passes OBBB; Next Stop the Senate
Now that the House approved its budget reconciliation bill, the bill moves on to the Senate to determine its fate.
Michigan: UP Audit Doesn't Toll Limitation Period
Michigan: UP audit doesn't toll limitation period
The Michigan Supreme Court ruled that unclaimed property audits do not toll the statute of limitations in a win for taxpayers.
House Bill Limits Benefit of State PTET Deduction
House Bill Limits Benefit of State PTET Deduction
The House budget reconciliation bill would substantially limit the PTET deduction and increase tax for some owners of pass-through entities.
House Ways and Means Approves Markup
House Ways and Means Approves Markup
The House Ways and Means Committee passed its budget proposal under the reconciliation package, starting the long and likely contentious process.
The Lown Institute 2025 Fair Share Spending Report
The Lown Institute 2025 Fair Share Spending Report
The community benefit requirement for not-for-profit hospitals is back in the spotlight, and the Lown Institute has released its 2025 report.
Reconciliation Markup Aims to Limit State Tax Reach
Reconciliation Markup Aims to Limit State Tax Reach
House committees are advancing a bill that could expand tax protections for out-of-state businesses, challenging current state tax practices.
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Rochelle Hodes
Rochelle Hodes
Principal, Washington National Tax