Tax Notes logo

Click here to see operators for terms and connectors searching.

Coronavirus Tax Coverage

Twenty-three state attorneys general sent a letter to congressional leaders expressing appreciation for the one-year expansion of the child tax credit (CTC) under the federal American Rescue Plan Act (P.L. 117-2) and calling on them to make the expansion permanent in the upcoming reconciliation bill, arguing that a permanent, expanded, and fully refundable CTC would continue to make a "measurable" difference for children and families living in poverty, as well as for state and local economies.
The California State Board of Equalization announced that it has adopted a motion directing the BOE's executive director to draft language for statutory legislation and for a legislatively referred constitutional amendment to provide property tax relief to taxpayers affected by COVID-19; the draft language would allow the BOE to extend property-tax-related filing deadlines, allow additional time for reports to be filed in case of emergency, and extend the due date for base-year property value transfers.
The California Office of Tax Appeals announced that beginning in September, in-person oral hearings will resume at the Sacramento location; in-person hearings in the Los Angeles and Fresno locations will resume at a later date, and virtual hearings will continue to be an option for any party in light of COVID-19.
The Florida Department of Revenue has released a tax information publication providing guidance on recently enacted legislation that conformed the state to the IRC retroactively to January 1, 2021, for corporate income tax purposes; the guidance explains that Florida will follow the computation of federal taxable income, including some changes made by the CARES Act (P.L. 116-136) and the Consolidated Appropriations Act, 2021 (P.L. 116-260), but will also decouple from several federal income tax provisions.
Nineteen state attorneys general filed an amicus brief with the United States Court of Appeals, Eighth Circuit, in support of the appeal filed by the Missouri attorney general after the U.S. District Court for the Eastern District of Missouri dismissed the state's case against the U.S. Treasury Department regarding the tax mandate provision included in the federal American Rescue Plan Act (P.L. 117-2), arguing that states suffer “immediate, cognizable injury” from “ambiguous conditions” such as those included in the tax mandate.
California S.B. 219, signed into law as Chapter 131, allows counties to cancel property tax delinquency penalties and related charges if a taxpayer’s failure to make a timely payment is because of a “documented hardship” arising from a COVID-19 shelter-in-place order.
Washington Gov. Jay Inslee (D) has announced that effective September 30, a proclamation that ordered waivers of penalties, fees, and interest imposed by the Department of Revenue on taxpayers affected by COVID-19 will be rescinded; the proclamation had been extended multiple times throughout the pandemic, most recently in January.