Page 3 - Pass Through Entity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A number of states are feeling financial strain as they deal with lower income tax revenues for April ...

The Mississippi Legislature has taken up two bills this session, HB 1668 and SB 3102 to correct technical issues contained in last year's passthrough entity election legislation. Both chambers have passed their respective bills and transferred those bills to the other chamber.

On February 8, 2023, Governor Ned Lamont presented Connecticut lawmakers with a $50.5 billion two-year budget that called for more than $500 million in tax relief to Connecticut taxpayers.

For individual owners of pass-through entities, such as partnerships, limited liability companies (“LLCs”), business trusts, and S Corporations, Virginia’s elective Pass-through Entity...

>> correct. finish yes. and in tennessee i have heard from so many people in our creative community. they're in the music industry, they're authors, they're very concerned about this because they know that they're organized as an llc and a pass-through entity. their gross is much higher than their actual income, what their profit is. they know that these are audits that are going to be coming to them. and, maria, again, they're looking at the politicized nature of some of these agencies. the fbi, the irs, the epa. their thinking, hey -- they're thinking, hey, wait a minute, i am a law-abiding ...