Workers hang a large photo of US President Donald Trump next to a US flag on the facade of the Department of Labor headquarters building in Washington, DC, on August 27, 2025.

Labor Department Drops Defense of Biden-Era Overtime Expansion

The US Department of Labor is ending its legal defense of a Biden-era regulation that widened the eligibility for overtime pay for millions of workers.

Michigan Waives First Quarter Unemployment Tax Penalties

The Michigan Department of Labor and Economic Opportunity’s Unemployment Insurance Agency is waiving the penalties and interest for employers that did not timely file their unemployment wage reports or pay unemployment taxes for the first quarter of 2026, according to a May 1 agency press release.

Santa Monica, California, Minimum Wage Rising to $18.47

The hourly minimum wage in Santa Monica, California, will rise to $18.47 from $17.81 effective July 1, according to an update on the city’s website.

Colorado Ups Minimum Work Hours for Agricultural Worker Overtime

Starting Jan. 1, 2027, Colorado agricultural workers must work at least 56 hours in a workweek before being eligible for overtime, under a bill effective May 4.

Labor Department to Decide on Biden Overtime Rule by June 30

The US Department of Labor will make a “final decision” on how to proceed with its regulation governing overtime pay by the end of June, the government told a district court judge.

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Adoption Credit’s Refundability Makes It Valuable—and Vulnerable

Congress made the adoption tax credit partially refundable for 2026—but an IRS crackdown on fraud could turn that pro-family policy into another refund-delay mechanism. To fix the problem, the agency should publish specific related guidance to make claiming the credit faster and easier, says Andrew Leahey.

Hawaii Passes New Millionaire Tax Bracket to Close Budget Gap

Hawaii’s Democratically controlled legislature passed a tax package Friday that establishes a new 13% income tax bracket for households earning more than $1 million per year while preserving some personal income tax cuts for lower-income filers.

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Finland Tax Agency Updates Guidance for Foreign Companies Starting Business in Finland

The Finnish Tax Administration May 6 posted online Guidance No. VH/2360/00.01.00/2026, updating guidance for foreign companies starting business in Finland. Topics covered include: 1) foreign companies that are both a ...

New Zealand, Hungary Initial DTA

The New Zealand Ministry of Foreign Affairs and Trade May 6 announced the initialing of a DTA with Hungary. [New Zealand, Ministry of Foreign Affairs and Trade, 05/06/26]

Arkansas Reduces Top Individual, Corporate Income Tax Rate

The Arkansas Governor signed a law that includes: 1) reducing the top individual income tax rate to 3.7 percent beginning with tax year 2026; and 2) reducing the top corporate ...

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