Louisiana Expands Electronic Filing Mandate for Business Taxes

The Louisiana Department of Revenue is expanding its electronic filing and payment mandate for business taxes, effective January 1, 2026. This expansion includes most sales and use taxes, all withholding taxes, and certain informational returns, requiring taxpayers to use the Louisiana Taxpayer Access Point (LaTAP) portal.

Kansas Food Sales Tax Credit Sunsets End of 2024

The Kansas Department of Revenue issued a notice stating that the food sales tax credit for individual income taxpayers has sunsetted at the end of the 2024 tax year. This change, enacted by House Bill 2106 during the 2022 Legislative Session, means the credit can no longer be claimed on tax year 2025 returns or subsequent years.

Kansas Tax Changes: Personal Exemptions and Head of Household

The Kansas Department of Revenue has issued Notice 25-07 detailing changes to individual income tax personal exemptions resulting from House Bills 2231 and 2062 passed in the 2025 Legislative Session. These changes include a new $2,320 exemption for head of household filers, an increased exemption for 100% disabled veterans, and an exemption for qualifying dependents born or stillborn during the taxable year.

KS DOR Tax Rate Decreases Contingent on Revenue

The Kansas Department of Revenue issued Notice 25-06 detailing new provisions from Senate Bill 269, which allows for future income and privilege tax rate decreases. These reductions are contingent on state revenues exceeding inflation-adjusted base year revenues and maintaining specific levels in the budget stabilization fund. The notice indicates that for FY 2025, revenues did not meet the threshold for a rate reduction.

Kansas Household Income Definition for Senior/Veteran Property Tax Relief

The Kansas Department of Revenue issued Notice 25-05 clarifying the definition of 'household income' for senior and disabled veteran property tax relief claims. House Bill 2231 amended K.S.A. 79-4508a to define household income as total Kansas adjusted gross income for tax year 2025 and thereafter.

Kansas Historic Preservation Credit Changes

The Kansas Department of Revenue has issued Notice 25-04 detailing changes to the Historic Preservation Credit, effective July 1, 2025. Senate Bill 227 amends tax law to adjust credit percentages based on location and expenditure amounts for historic structure restoration. The Department may also reduce credits to offset delinquent taxes.

RBC Capital Markets LLC Consent Order on Commissions

The Missouri Securities Division has entered into a consent order with RBC Capital Markets, LLC, for charging unreasonable commissions on equity transactions between May 2020 and May 2025. RBC will pay approximately $3.4 million nationwide for overcharging on nearly 90,000 transactions.

LPL Financial LLC Consent Order - Unreasonable Commissions

The Missouri Securities Division has entered into a consent order with LPL Financial LLC for charging unreasonable commissions on small principal equity transactions. LPL Financial LLC will pay $78,920.98 in commissions to Missouri residents for over 127,000 transactions nationwide between April 30, 2020, and April 30, 2025.

Edward Jones Charged Unreasonable Commissions - Consent Order

The Missouri Securities Division has issued a consent order against Edward D. Jones & Co., L.P. (Edward Jones) for charging unreasonable commissions on small principal equity transactions between May 1, 2020, and April 30, 2025. The firm allegedly charged commissions exceeding 5% on approximately 781,240 transactions, totaling over $11.2 million nationwide.

TD Ameritrade Consent Order for Excess Commissions

The Missouri Securities Division has entered into a consent order with TD Ameritrade, Inc. for charging commissions exceeding 5% on certain small principal equity transactions between June 30, 2018, and June 30, 2023. TD Ameritrade agreed to this order without admitting or denying the allegations.