Cherry Bekaert

JUNE 18, 2024

Contributor: Nick Cousino, Senior Manager A new South Carolina tax credit that encourages private parties to expand the state’s ever-growing trail system went into effect May 13. A taxpayer allowing for a six-foot wide trail for two miles may be eligible to claim an income tax credit of $6,336. Reference: S.C.

South Carolina 111

South Carolina Real Estate Tax income tax 111

CPA Practice

AUGUST 1, 2024

City attorneys argue that there was no distinction between residents and non-residents because the out-of-town athletes and performers pay a 3% tax, whereas locals would pay a 2% school tax and a 1% income tax. Additionally, the city has also been grappling with sinking property values leading to lower real estate taxes.

Pennsylvania 104

Pennsylvania Tax Real Estate Entertainment 104

CPA Practice

JULY 23, 2024

City attorneys argue that there was no distinction between residents and non-residents because the out-of-town athletes and performers pay a 3% tax, whereas locals would pay a 2% school tax and a 1% income tax. Additionally, the city has also been grappling with sinking property values leading to lower real estate taxes.

Pennsylvania 59

Pennsylvania Tax Real Estate Entertainment 59