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McConnell Moves on Quick Aid Vote While Pelosi Urges More Cash

Senate Majority Leader Mitch McConnell pressed ahead with his plan for a quick vote Thursday on a $250 billion boost in a small business aid program, putting him at odds with the two top Democrats in Congress who want to double the size of an interim stimulus package.

Utah Sales Tax Deadlines Must Wait for Legislative Action (2)

Utah won’t alter its sales tax deadlines until the Legislature is able to discuss the crisis. Meanwhile, Nebraska continues to mull property-tax relief, and Illinois detailed plans to give distillers tax deductions on alcohol for making hand sanitizer. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Tuesday’s coverage click here. Here’s a state-by-state roadmap.

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Opportunity Zones: Will Tax Break for Investors Benefit Communities Too?

The 2017 tax overhaul included incentives to invest in distressed communities. Investors benefit from tax breaks and the designated opportunity zones benefit from economic investment, but critics say already-wealthy investors don’t need these breaks.

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New York City Has a Property Tax Problem

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Tax Code Is Weaponized in Feds' Fight Against Virus

How Congress Will Step in to Solve State Tax Chaos

Virus for CFOs is Recession, 9/11 and War All-in-One