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Recreational Marijuana Taxes Across US States, 2026

The Tax Foundation published its 2026 analysis of recreational marijuana excise tax rates across US states that have legalized cannabis. The report catalogs state-by-state tax structures including weight-based taxes (e.g., Alaska's $50/oz. mature flowers), ad valorem taxes (e.g., Arizona's 16% on retail sales), and THC-content-based taxes (e.g., Connecticut's $0.00625 per mg THC in plants). Tax structures vary significantly, with some states using hybrid approaches combining multiple tax bases.

Maine Millionaire Tax Would Harm Small Business Competitiveness

The Tax Foundation published analysis of Maine's proposed 9.15 percent top income tax rate on earnings above $1 million, which would raise $74 million annually from approximately 2,631 filers. The analysis warns that the two percentage point surtax on high earners would primarily affect pass-through small business owners, as 70 percent of Maine filers with over $1 million in adjusted gross income report pass-through business income.

Revenue Ruling 2026-8: SIFL Aircraft Valuation Formula; Announcement 2026-8: APMA Program Report

The IRS published Rev. Rul. 2026-8 setting forth the Standard Industry Fare Level (SIFL) cents-per-mile rates and terminal charge for the first half of 2026 for valuing non-commercial flights on employer-provided aircraft under 26 CFR 1.61-21(g). The IRS also published Announcement 2026-8, its twenty-seventh annual report on the Advance Pricing and Mutual Agreement (APMA) Program covering calendar year 2025 activities.

Form 8609 Instructions Updated for Tax-Exempt Bond Projects

The IRS has issued updated instructions for Form 8609 (Low-Income Housing Credit) reflecting changes made by the One Big Beautiful Bill Act for tax-exempt bond financed projects after 2025. The updates modify the thresholds for when no housing credit allocation is required when buildings are financed with tax-exempt bonds subject to volume cap under section 146. Specifically, a 50% aggregate basis threshold remains, while a new 25% threshold is added for bonds issued after 2025 meeting additional conditions (at least 5% of aggregate basis financed, building placed in service after 2025). For projects meeting these criteria, filers must leave Line 1a blank on Form 8609.

Gas Use Tax Holiday, April 8 – May 8, 2026

Indiana DOR announces 30-day suspension of Gas Use Tax collection from April 8 through May 8, 2026, pursuant to Governor Mike Braun's energy emergency executive order. The suspension applies only to Gas Use Tax; Federal Gas Tax and Indiana Excise Tax remain in effect. Distributors must stop collecting Gas Use Tax from retailers and report exempt sales on GT-103 filings; retailers who were charged the tax during the suspension period must work with distributors to reconcile.

Vermont Issues $100M Tax Refunds, $800 Average

The Vermont Department of Taxes announced it has issued over $100 million in personal income tax refunds to date, with an average refund of $800 (up $36 from last year). The department is encouraging approximately 40,000 non-filing Vermonters who may be eligible for refundable tax credits such as the Vermont Earned Income Tax Credit or Vermont Child Tax Credit to file before the April 15 deadline.

State Controller Cohen Available for Tax Day Media Interviews

The California Franchise Tax Board announced that State Controller Malia M. Cohen will be available for live and taped media interviews on Tax Day, April 15, 2026, from 7 AM to 9 AM at FTB headquarters in Sacramento. The availability aims to provide last-minute tax filing tips and information about California tax credits and scam prevention to media outlets and, through them, California taxpayers.

HMRC February 2026 Performance Update

HMRC published its February 2026 performance update for fiscal year 2025-2026, reporting on performance against strategic objectives including tax collection, customer service delivery, and compliance outcomes. The report includes detailed performance data spreadsheets and metric definitions.

Carbon Border Adjustment Mechanism CBAM Communications Resources Pack

HMRC published communications resources for trade associations and industry bodies to cascade CBAM information to businesses importing goods from five specified sectors: aluminium, cement, fertiliser, hydrogen, and iron and steel. The materials include sample emails, social media messaging, and leaflets available in English and Welsh. CBAM comes into effect on 1 January 2027 and affects UK importers of covered goods from these sectors.

Draft Regulations: Carbon Border Adjustment Mechanism Emissions and Verification

HMRC has published draft secondary legislation for the UK Carbon Border Adjustment Mechanism (CBAM), covering emissions monitoring and verification requirements. The consultation seeks feedback on embodied emissions provisions, monitoring standards, and verification procedures for UK importers of aluminium, cement, fertilisers, hydrogen, and iron and steel goods from 1 January 2027. Responses are due by 21 May 2026.

Governor Green Authorizes Tax Filing Deadline Extension to July 20 for Kona Low Victims

Hawaii Governor Josh Green authorized the Department of Taxation to extend the state income tax filing and payment deadline from April 20, 2026, to July 20, 2026, for taxpayers impacted by the Kona Low storms. Affected residents and businesses may request waiver of late file and late payment penalties and interest by submitting Form L-115.

Form 8886 mailing address updated to Ogden UT

The IRS updated the mailing address in the Instructions for Form 8886 (Reportable Transaction Disclosure Statement). The address on page 3 under 'When and How To File' is now Internal Revenue Service, 1973 Rulon White Blvd., OTSA Mail Stop 4915, Ogden, UT 84201. This change affects taxpayers filing paper Form 8886 disclosures who must use the new Ogden address for submissions.

How to Report Other Expenses on the Updated Form 8825

IRS issued guidance on reporting other expenses on the updated Form 8825 for tax year 2025. Partnerships and S corporations not required to file Schedule M-3 must now use Form 8825 line 17 for expenses previously reported on line 15. Schedule M-3 filers must attach Schedule A (Form 8825) and report totals on line 17, with additional expenses on line 30 of Schedule A.

Gas tax holidays are counterproductive, research shows

Gas tax holidays are counterproductive, research shows

Smaller corporate tax bills reflect proper investment treatment, not new loopholes

Tax Foundation op-ed explains that smaller corporate tax bills under the One Big Beautiful Bill Act (OBBBA) reflect proper investment treatment through permanent 100% bonus depreciation and R&D expensing, not new tax loopholes. The analysis argues these provisions correct a major flaw in the tax code by allowing businesses to deduct investment costs immediately.

Georgia March Net Tax Revenues $2.62B, Up 4.8%

Georgia DOR reports March 2026 net tax collections of $2.62 billion, up $120.4 million (4.8%) from March 2025. Individual income tax rose $3.3 million (0.3%) and corporate income tax increased $44.9 million (13.7%). Sales and use tax net collections grew $71.5 million (10.3%). Year-to-date collections through Q3 reached $24.5 billion, up $463.6 million (1.9%) from the prior year.

Compliance Checks: Anti-avoidance Information Notices — CC/FS88

HMRC published factsheet CC/FS88 explaining anti-avoidance information notices used in compliance checks. The guidance clarifies taxpayers' obligations when HMRC issues formal information notices under anti-avoidance provisions. Factsheets reflect HMRC's position at time of writing and are for guidance purposes only.

Claim Unused Allowance for Agricultural or Business Property Relief (IHT437)

HMRC has published form IHT437 (effective 8 April 2026) enabling executors and personal representatives to claim and transfer unused 100% agricultural or business property relief allowances from a deceased spouse or civil partner to the current estate. The form must be submitted alongside form IHT400 for inheritance tax purposes.

Completing CT600P for Creative Industries Tax Reliefs

HMRC published guidance on completing CT600P supplementary pages for creative industry tax reliefs, effective 8 April 2026. The guidance covers Audio-Visual Expenditure Credit (AVEC), Film Tax Relief, High-End Television Tax Relief, Children's Television Tax Relief, Animation Tax Relief, Video Games Expenditure Credit, Video Games Tax Relief, Theatre Tax Relief, Orchestra Tax Relief, and Museums and Galleries Exhibition Tax Relief. Companies claiming these reliefs must complete the CT600P form with specific expenditure and credit calculations.

Chief of Staff Rianna Matthews-Brown departing April 30

Comptroller Brooke Lierman announced Chief of Staff Rianna Matthews-Brown will depart the Office of the Comptroller of Maryland on April 30, 2026. During her tenure, Matthews-Brown helped secure $1.5 million in EITC outreach funding, established the Office of the Taxpayer Advocate in 2025, and led the agency's first statewide EITC awareness campaign.

Kane County Motor Fuel Tax increase effective July 1st

The Illinois Department of Revenue announces that Kane County has increased its County Motor Fuel Tax rate from 5 cents to 8 cents per gallon, effective July 1, 2026. The tax applies to all retail motor fuel sales within Kane County under authority of the County Motor Fuel Tax Law (55 ILCS 5/5-1035.1). Fuel distributors and retailers must update systems to reflect the 3-cent per gallon increase for sales on or after July 1, 2026.

Kane County Motor Fuel Tax Rate Increase Effective July 2026

Illinois Department of Revenue bulletin announcing Kane County's increase in County Motor Fuel Tax from 5 cents to 8 cents per gallon, effective July 1, 2026. All registered retailers selling motor fuel in Kane County must collect the new rate on retail sales made on or after this date.

Missouri Sales Tax Holiday April 19-25, Energy Star Appliances Exempt

Missouri DOR announces the 2026 Show Me Green Sales Tax Holiday from April 19-25. State sales tax will be waived on the first $1,500 of qualifying ENERGY STAR certified appliances including clothes washers, dryers, dishwashers, air conditioners, and refrigerators. All Missouri cities, counties, and districts participate in this annual event.

Simplified Municipal Telecommunications Tax Rate Changes Effective July 1, 2026

The Illinois Department of Revenue announces that effective July 1, 2026, select municipalities will impose a Simplified Municipal Telecommunications Tax. The combined rate consists of the State Telecommunications Excise Tax rate of 8.65 percent plus the local Simplified Municipal Telecommunications Tax rate of up to 6.00 percent outside Chicago.

IDOR Urges Taxpayers to Act Ahead of April 15 Filing Deadline

The Illinois Department of Revenue issued a press release on April 7, 2026, reminding taxpayers to file their 2025 state individual income tax returns by the April 15 deadline. IDOR encouraged early filing to avoid last-minute issues, particularly for those filing by mail. The release also included a scam alert warning about fraudulent text messages and websites impersonating the department.

OBBBA makes investment expensing permanent, boosting economic growth

The Tax Foundation analyzed the One Big Beautiful Bill Act's expansion of investment expensing provisions, including permanent bonus depreciation for equipment, permanent Section 179 small business expensing, and a new temporary Section 168(n) for manufacturing structures. The analysis found these provisions reduce the after-tax cost of investment by approximately 3.8% for corporations subject to the 21% tax rate.

EU VAT Gap €773.5B, Quadruple EU Budget

The Tax Foundation published analysis finding that the EU's VAT actionable policy gap—the additional revenue that could be collected by eliminating reduced rates and certain exemptions—reached €773.5 billion in 2024. This represents six times the compliance gap and is quadruple the EU's annual budget. The analysis breaks down how 27.1% of potential VAT revenue is lost through reduced rates (12 percentage points) and exemptions (15 percentage points).

North Carolina Tax Filing Deadline April 15

The North Carolina Department of Revenue issued a press release on April 7, 2026, reminding taxpayers that state individual income tax returns are due by April 15, 2026. The notice advises taxpayers to file electronically or by mail with proper postmark, pay any taxes owed by the deadline, and consider requesting an extension if unable to file on time.

Tax Commissioner Reminds Taxpayers to File Ahead of April 15 Deadline

North Dakota Tax Commissioner Brian Kroshus reminds individual income taxpayers to file by April 15 deadline or apply for extension via IRS Form 4868. As of April 6, over 282,000 of the expected 480,000 returns have been processed, with over 97% filed electronically. Taxpayers unable to file by the deadline should make estimated payments to avoid interest charges.

Housing Cost Amount Limitations for Foreign Earned Income Exclusion 2026

The IRS issued Notice 2026-25 providing adjusted limitations on housing expenses for qualified individuals claiming the foreign earned income exclusion under IRC Section 911 for tax year 2026. The notice updates location-specific housing cost limitations for expatriates, replacing the general $39,870 limitation with city-by-city amounts based on relative housing costs. For example, limitations range from $40,600 (Estonia Tallinn) to $114,300 (Australia Sydney) depending on location. The base housing amount for 2026 is $21,264.

Revenue Procedure 2026-14 - Qualified Opportunity Zone Nominations Procedure

The IRS issued Revenue Procedure 2026-14 to provide guidance to State CEOs on the procedural requirements for nominating population census tracts as Qualified Opportunity Zones (QOZs) for designation effective January 1, 2027. The guidance implements amendments made by Section 70421 of the One, Big, Beautiful Bill Act (OBBBA) to IRC Sections 1400Z-1 and 1400Z-2. Nominating authorities must follow the prescribed process to designate low-income community census tracts as QOZs.

Asymmetries in international trade in goods statistics: UK measured against EU and non-EU partner countries

HMRC has announced the release of asymmetry statistics covering trade in goods between the UK and its EU and non-EU partners by value for calendar years 2022 to 2024. The statistics will be published on 26 June 2026 at 9:30am. This is a statistical methodology release rather than a regulatory change affecting compliance obligations.

Confirm Participator Loans Repaid to HMRC by Deadline

HMRC published guidance explaining how companies can confirm to HMRC that participators have fully repaid loans declared on Company Tax Returns. The guidance covers who can use the online tool (company officers, participators, and authorized agents), what information is required (company UTR, loan details from CT600A supplementary pages), and the confirmation requirement regarding loans in the 30 days before and after the accounting period.

QOZ Census Tract Nomination Procedures Under One, Big, Beautiful Bill

The IRS and Treasury Department issued Revenue Procedure 2026-14 establishing the nomination process for Qualified Opportunity Zones under the One, Big, Beautiful Bill, which permanently extends the QOZ tax incentive. The guidance identifies 25,332 eligible low-income census tracts, of which 8,334 are entirely rural areas. State CEOs may begin nominating tracts on July 1, 2026, with designations effective January 1, 2027.

Business Tax Account Expansion to Partnerships and Governments

The Internal Revenue Service announced the expansion of its Business Tax Account online platform to include partnerships, federal/state/local governments, Indian tribal governments, and tax-exempt organizations. These entities join sole proprietors, S corporations, and C corporations that previously had access. The BTA platform provides secure access to view tax balances, make payments, download notices, view transcripts, and request compliance checks.

Simplified Municipal Telecommunications Tax Rates

The Illinois Department of Revenue issued bulletin FY 2026-19 informing telecommunications service providers of new Simplified Municipal Telecommunications Tax rates effective July 1, 2026. Carlyle's combined rate increases from 8.65% to 13.65%, while Danvers' combined rate increases from 8.65% to 14.65%. The state rate remains fixed at 8.65% with local additions of up to 6.00%.

Automatic Idaho Income Tax Filing Extension

The Idaho State Tax Commission issued a notice informing taxpayers about automatic six-month extensions for filing 2025 Idaho income tax returns. To qualify, taxpayers must pay either 80% of their 2025 estimated tax liability or 100% of their 2024 tax obligation by the April 15, 2026 deadline. The extended filing deadline is October 15, 2026.

EU Cigarette Excise Tax Analysis - Ireland Highest at €10.71

The Tax Foundation published its annual analysis of EU cigarette excise taxes as of January 1, 2026. Ireland levies the highest excise duty at €10.71 ($12.58) per 20-cigarette pack, followed by France (€8.09) and the Netherlands (€7.77). Bulgaria has the lowest rate at €2.03. EU minimum rates require €1.80 excise per pack and at least 60% of weighted average retail price, but all Member States exceed these minimums.

R&D Tax Reliefs for Creative Industries Form CT600P

HMRC published Version 3 of CT600P form for accounting periods in 2026, enabling companies in creative industries to claim R&D tax reliefs and expenditure credits. The form covers nine relief types including Film Tax Relief, Video Games Tax Relief, and Audio-Visual Expenditure Credit. Companies must use this supplementary page with their main Company Tax Return (CT600).

IRS Internal Revenue Bulletin - Tax Rulings, Procedures, Notices, and Decisions

IRS published Internal Revenue Bulletin 2026-15 on April 6, 2026, containing Rev. Rul. 2026-7, T.D. 10043, and five notices including guidance on corporate bond yields, segment rates, and digital asset identification relief. Notice 2026-23 requests public recommendations for the 2026-2027 Priority Guidance Plan.

Alabama Monthly Tax Collection Report

The Alabama Department of Revenue published its March 2026 Monthly Abstract, providing aggregate tax collection data across all divisions including income tax, sales and use tax, motor vehicle, and property tax. The report serves as a routine statistical summary of state revenue collections for the month.

California Tax Filing Deadline and Free Filing Options

The California Franchise Tax Board issued a press release reminding taxpayers that April 15, 2026 is the deadline to file and pay 2025 state taxes. FTB promotes free filing options including CalFile e-filing and Volunteer Income Tax Assistance (VITA) sites. Available cashback credits include the California Earned Income Tax Credit (CalEITC) up to $3,756, Young Child Tax Credit, and Foster Youth Tax Credit.

Substitute Mortality Table Ruling for Pension Plans

The IRS Tax Exempt and Government Entities Division granted a private letter ruling allowing a taxpayer to use substitute mortality tables for non-annuitant populations of Plan 1 under Internal Revenue Code section 430(h)(3). The approval is effective for up to one plan year commencing January 1, 2026, covering male and female non-annuitants. This is the taxpayer's second request for substitute mortality tables for plans within its controlled group.

USPS Postmark Changes Affect Tax Filing Timeliness

The Iowa Department of Revenue issued guidance explaining how recent USPS Domestic Mail Manual changes (effective December 24, 2025) affect the timeliness of mailed tax returns, payments, and appeals. The guidance clarifies how the updated postmark policies apply to Iowa tax filing deadlines. Taxpayers who mail filings should review the new requirements to ensure submissions are considered timely.

GRA Launches ITAS - Digital Tax Administration System

The Ghana Revenue Authority (GRA) launched the Integrated Tax Administration System (ITAS), a unified digital platform to replace the existing GITMIS system and Taxpayer Portal. The pilot phase began at Kaneshie Taxpayer Service Centre and Accra West Area Office, with nationwide rollout planned. The system was delivered in approximately nine months, half the projected 18-month timeline.

IRS ruling substitute mortality tables pension plans

IRS ruling substitute mortality tables pension plans

Idaho Tax Filing Tips and Free Filing Programs

The Idaho State Tax Commission issued six tax filing tips as the April 15 deadline approaches. The notice covers new conformity deductions including expanded standard deductions, senior deductions, and deductions for tips, car loan interest, and overtime compensation. Free e-filing programs are available for Idahoans with adjusted gross income up to $89,000 through the Free File Alliance and $69,000 through GetYourRefund.

Analysis of Trump Tariffs One Year After Liberation Day

The Tax Foundation published a podcast analysis examining the outcomes of the Trump administration's 'reciprocal' tariffs announced on April 2, 2025 (Liberation Day) one year later. The analysis evaluates whether the promised investment boom, revenue generation, debt reduction, and lower prices materialized. This is informational research content, not a regulatory action.

Williamsburg County Capital Projects Tax Rate Change

The South Carolina Department of Revenue announced new local sales tax changes effective May 1, 2026. Williamsburg County is adding a new Capital Projects Tax, raising its Sales Tax rate to 8%. Lexington County has extended its School District Tax effective March 1, 2026, maintaining a 7% rate. Aiken County is reimposing its Capital Projects Tax effective May 1, 2026, keeping its rate at 8%.

Adjust Self-Employment and Property Income for MTD

HMRC published guidance explaining how self-employed individuals and property income earners should adjust their digital records before submitting MTD-compatible tax returns. The guidance covers claiming reliefs like Rent-a-Room relief (up to £7,500), making tax adjustments for disallowable expenses, and accounting adjustments for prepayments and accruals under traditional accounting methods.