On March 26, 2026, Utah Governor Spencer Cox signed Senate Bill 287 (“S.B. 287”) into law, establishing a new tax on certain businesses engaged in targeted advertising in the state. The tax, which will be levied beginning January 1, 2027, places Utah among a small but growing number of jurisdictions seeking to tax advertising activity. Overview of the Targeted Advertising Tax S.B. 287 imposes an annual tax on businesses that qualify as “targeted advertising entities,”…
Heading into 2026, several states are offering tax amnesty programs that can help businesses resolve outstanding liabilities with reduced penalties and interest. These programs provide a valuable opportunity to clean up past obligations and reduce the impact of future tax controversies. Here’s a summary: New Hampshire Statewide Tax Amnesty Illinois Remote Retailer Amnesty Washington State Voluntary Disclosure for International Remote Sellers Additionally, Indiana announced it will be launching an amnesty program some time in 2026…
The City of Chicago begins its 2026 fiscal year with a new budget containing several key tax changes (linked here), headlined by a new “Social Media Amusement Tax” (or “SMAT”). Here’s what you need to know to stay on top of your 2026 Chicago tax compliance obligations: The Chicago Social Media Amusement Tax A handful of U.S. jurisdictions have introduced the concept of a social media tax (e.g., California, Hawaii, Maryland, Minnesota, Washington, etc.) in…
Artificial intelligence, or more commonly AI, seems to be what everyone is talking about nowadays. Businesses are investing hundreds of billions into AI research and, in parallel, integrating AI products into their day-to-day operations in order to maximize business savings and obtain a competitive advantage over their competitors. It is no secret the tax treatment of AI could have profound consequences for businesses. However, most states have not made their position on the taxability of…