Revenue measure includes several changes to taxes for businesses ...

The 2024 revenue measure included more modest and mostly technical changes to the state's tax code. However, there are several measures relevant to the ...

IRS releases tax inflation adjustments for tax year 2025

... changes to more than 60 ... The tax items for tax year 2025 of greatest interest to many taxpayers include the following dollar amounts:.

Tax Cuts and Jobs Act: A comparison for businesses - IRS

The Tax Cuts and Jobs Act (TCJA) changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses.

How Firms Respond to Changes in Taxation | NBER

The tax is usually based on profit, though some states instead levy taxes based on gross receipts, a measure of revenue. ... corporate income taxes ...

How the TCJA Affected Legal Business Forms - Tax Foundation

C Corporations and Pass-Through Businesses ... Business income in the United States is taxed under two different systems. C corporation income is ...

Revenue Estimating | Joint Committee on Taxation

In estimating the revenue effects of changes in excise taxes, the Joint Committee staff (along with staff at CBO and Treasury's Office of Tax Analysis) ...

How does the corporate income tax work? - Tax Policy Center

Taxable corporate profits are equal to a corporation's receipts less allowable deductions—including ... Recent Changes to the Corporate Income Tax. The Tax Cuts ...

Sales Tax FAQs - Missouri Department of Revenue

Gross receipts equals the total amount of sales your business had for the period in which you are filing the return. Taxable sales equal the total amount of ...

Filing Your Business Income Tax Return: What To Know for 2025

Business tax returns include filing federal income tax returns, state returns, and local returns for businesses and owners.

How much revenue has the US government collected this year?

Additional sources of tax revenue consist of excise tax, estate tax, and other taxes and fees. So far in FY 2025, individual income taxes have accounted for 51% ...

House Bill Would Slash Business Taxes and Undermine Efforts To ...

Unlike the changes to personal income taxes, nearly all the corporate law changes were made permanent, signaling their importance to the ...

The corporate AMT: Understanding low tax liabilities as a policy choice

During the past few decades, the largest tax expenditures for corporations have included a credit for foreign income taxes paid; an accelerated ...

Corporate income tax revenues are critical to the ability of state and ...

... revenue accounted for by corporate income taxes has ... many states, for example, have balanced budget amendments in their state constitutions.

Taxes | Congressional Budget Office

... income taxes and payroll taxes, with corporate income taxes and other taxes ... income in the United States and how it has changed over time. This slide ...

State Tax Planning for Corporations - Bloomberg Tax

... several modifications to determine their state taxable income. These ... Primary corporate income tax changes included lowering the corporate tax rate ...

Congress Should Revisit 2017 Tax Law's Trillion-Dollar Corporate ...

... updates to international corporate tax provisions ... It exempted some of that income from U.S. tax and added several provisions, including ...

Corporate Income Tax: Effective Rates Before and After 2017 Law ...

Among many changes, TCJA lowered the top statutory corporate tax rate from 35 percent to 21 percent. While effective tax rates decreased in 2018 ...

Corporate Tax Avoidance in the First Five Years of the Trump Tax Law

... taxes. But in many cases, they did not. The 342 companies included in this study paid an average effective income tax rate of just 14.1 ...

Donald Trump Tax Plan Ideas: Details and Analysis - Tax Foundation

... Tax Foundation. However, the tax changes Trump has proposed would not be felt evenly across all income groups. In general, Trump has proposed ...

Expiring Provisions in the “Tax Cuts and Jobs Act” (TCJA, P.L. 115-97)

expected to make certain tax benefits related to business—including those related to the R&D ... TCJA's changes to individual income tax provisions. More ...