State & Local

  • June 29, 2022

    Hawaii Extends, Expands Film Production Income Tax Credit

    Hawaii extended its income tax credit for media productions by seven years, increased its aggregate cap and lowered the minimum amount of qualified production costs necessary to claim the credit under legislation signed into law by the governor.

  • June 29, 2022

    Ark. ALJ Denies Farm Equipment Exemption

    An Arkansas farmer's purchase of equipment is not exempt from sales tax as the machinery was not used in the direct cultivation of food or fiber, a state administrative law judge ruled.

  • June 28, 2022

    Microsoft Shareholders Ask For Vote On Releasing Tax Data

    A Danish pension fund asked Microsoft to let shareholders vote on publicly reporting its workers, payroll, revenue, profits and taxes in every country where the company operates, a U.K. corporate advisory firm told Law360 on Tuesday.

  • June 28, 2022

    Mass. Adopts Disability Employment Tax Credit Procedures

    Massachusetts established procedures and requirements to implement a disability employment tax credit under a regulation adopted by the state's Executive Office of Health and Human Services.

  • June 28, 2022

    Ga. Panel Revives T-Mobile's $11M Equipment Tax Refund Bid

    The Georgia Court of Appeals vacated a trial court's decision Tuesday that wiped out a roughly $11 million sales tax refund for T-Mobile, saying the court applied the wrong standard of review in finding certain broadband network equipment taxable.

  • June 28, 2022

    RI Eliminates Vehicle, Breast Pump Taxes In 2023 Budget

    Rhode Island will end its vehicle excise tax this year and exempt breast pump collection and storage items from sales and use taxes as part of the state's fiscal year 2023 budget signed by the governor.

  • June 28, 2022

    Mo. Nonprofit's Plant Sales Not Exempt From Tax

    A Missouri-based charity that specializes in horticultural education must collect sales tax on its plant sales, as it does not qualify for a farmers market exemption, the state's Department of Revenue said in a letter ruling released Tuesday.

  • June 28, 2022

    Mo. PACs Subject To Sales Tax On Promotional Items

    Missouri political action committees owe sales and use tax on promotional gifts given to supporters in exchange for their donations, the state's Department of Revenue said in a letter ruling released Tuesday.

  • June 28, 2022

    Rising Star: Latham's Matthew Dewitz

    Latham & Watkins LLP partner Matthew Dewitz advised T-Mobile's blockbuster $59 billion merger with Sprint, Endeavor Group Holdings' acquisition of Ultimate Fighting Championship and Ortho Clinical Diagnostics in its acquisition by COVID-19 test-maker Quidel, earning him a spot among the tax attorneys under age 40 honored by Law360 as Rising Stars.

  • June 28, 2022

    Mo. 30-Day Room Rentals Not Subject To Sales Tax

    Hotel room rentals in Missouri of 30 days or more are not subject to sales and use tax regardless of whether an individual or business is paying, the state tax department said.

  • June 27, 2022

    Ariz. Lawmakers OK Ballot Measure On Property Tax Breaks

    Arizona would consolidate provisions of the state constitution addressing property tax exemptions into a single article under a ballot measure approved by lawmakers for the November election.

  • June 27, 2022

    Tenn. Judge Upholds Assessment of Car Wash

    A Tennessee administrative law judge upheld an assessment on a seven-bay car wash, rejecting the owner's use of his purchase price as an indicator of value.

  • June 27, 2022

    Mich. Bill Would Offer Employers Student Loan Payment Credits

    Michigan would grant income tax credits to employers that make student loan payments on behalf of certain employees under a bill introduced in the state House.

  • June 27, 2022

    NJ Bill Would Expand Credit Carryforward For Developers

    New Jersey developers who are granted tax credits through the state's Aspire program could carry the credit amount forward for seven years under a bill introduced in the state Assembly.

  • June 27, 2022

    SC Reinstates Nonresidential Solar Energy Tax Credits

    South Carolina reinstated an income tax credit for nonresidential solar energy properties, extended the repeal date by three years and doubled the credit limit under a bill signed by the governor.

  • June 27, 2022

    Maine Justices Say Tracfone Owes Service Provider Tax

    Tracfone Wireless must pay Maine's service provider tax but it was not subject to the state's prepaid wireless fee because its Lifeline service was not a prepaid service, the state Supreme Court ruled, vacating a lower court decision.

  • June 27, 2022

    Fla. Gov. Vetoes Bill Changing Tax Audit Procedures

    Florida Gov. Ron DeSantis vetoed a bill that would have made several changes to state Department of Revenue procedures during audits.

  • June 27, 2022

    Tenn. Assessment Upheld As Owner Fails To Show Lower Value

    A Tennessee property owner's attempt to lower the assessment on his residential property, which increased by more than 46%, failed as he was unable to justify the reduction, a state administrative law judge ruled.

  • June 27, 2022

    Fla. Bans Special Elections For Certain Local Taxes

    Florida will prohibit local governments from holding special elections to levy certain local taxes and instead require such referendums to take place in general elections under a bill signed by Gov. Ron DeSantis.

  • June 27, 2022

    Ohio Man Can't Get Exemption While Claimed As Dependent

    An Ohio taxpayer cannot claim a personal exemption in the same tax year that he was claimed as a dependent on his parents' federal return, the state's tax board ruled in a decision released Monday.

  • June 27, 2022

    Ariz. Lawmakers Approve Film Tax Credits Program

    Arizona would award tax credits for the expenses of certain motion productions in the state under legislation approved by the state House of Representatives and Senate and heading to Gov. Doug Ducey.

  • June 27, 2022

    Ariz. Lawmakers OK Income Tax Subtraction For Crypto Airdrops

    Arizona would allow taxpayers to exclude from their taxable income the value of virtual currency and nonfungible tokens received by airdrop under legislation passed by the state House of Representatives and Senate and heading to Gov. Doug Ducey.

  • June 27, 2022

    Rising Star: Fried Frank's Shane C. Hoffmann

    Shane C. Hoffmann of Fried Frank Harris Shriver & Jacobson LLP has navigated the complex tax law implications of business deals for major clients in several transactions, earning him a spot among the tax law practitioners under age 40 honored as Law360 Rising Stars.

  • June 27, 2022

    OECD Prepared To Tackle Taxing Rights, US Official Says

    The next Organization for Economic Cooperation and Development consultation on its global tax deal will detail which jurisdiction will surrender taxing rights in the reallocation of those rights on highly profitable companies, a U.S. Treasury Department official said Monday.

  • June 21, 2022

    NY AG Says Trump Satisfied Order That Prompted Contempt

    New York Attorney General Letitia James is "prepared to agree" that former President Donald Trump has satisfied a court order, which had led to his being found in contempt, in her probe into his business practices, an attorney from her office told the state court Tuesday.

Featured Stories

  • Transfer Pricing In NJ, Franchise Tax In Okla.: SALT In Review

    David Brunori

    From New Jersey's new voluntary transfer pricing agreement program to a proposed ending of Oklahoma's franchise tax, RSM US LLP's David Brunori offers his thoughts on noteworthy state and local tax news.

  • The Law360 400: Tracking The Largest US Law Firms

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    As the legal market adjusted to pressures of a global pandemic and saw demand for complex legal services soar, many law firms spent 2021 locked in a fierce war for talent to meet ever-expanding client needs.

  • Will BigLaw Regret Its Hiring Spree As The Economy Softens?

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    The largest 200 law firms in the U.S. boosted their headcount by an average of 5.6% in 2021 — the steepest increase in five years, according to the Law360 400. Here's a look at what those numbers mean and where firms may be headed if the economy slows in the coming year.

Expert Analysis

  • Advising A Cannabis Business Amid Patchwork Of Regs

    Excerpt from Practical Guidance
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    As the cannabis industry continues to grow, so does its widely varied patchwork of local, state and federal regulation, and practitioners should familiarize themselves with the specific rules on tax, real estate, intellectual property and banking applicable in the jurisdictions where their clients operate, say Patrick Hines and Fallon Martin at Hodgson Russ.

  • Is NJ's Voluntary Transfer Pricing Initiative Really Voluntary?

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    The New Jersey Division of Taxation's voluntary transfer pricing audit initiative promises penalty abatement to taxpayers that elect to participate and agree to the division's proposed adjustments, but the effective penalties associated with nonparticipation raise questions about the program's voluntary nature, say attorneys at McDermott.

  • ​Boardroom Lessons From Shareholders' Diversity Lawsuits

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    Corporate efforts to promote diversity, equity and inclusion in the workplace are gaining momentum, and shareholder derivative lawsuits offer important lessons on how boards may protect themselves while fostering diverse workforces and safeguarding company goodwill, say attorneys at Covington.

  • Mass. Bills Will Have Broad Impact On Cannabis Industry

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    Legislation recently passed by both chambers of the Massachusetts Legislature will make sweeping changes to the commonwealth’s cannabis industry, altering everything from municipal agreements to on-site consumption, and improving social equity while reducing businesses' tax burdens, says Cloe Pippin at Foley Hoag.

  • Critiques Of NY Tax Whistleblower Bill Are Untenable

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    Amending the New York False Claims Act to allow whistleblower actions against those who fail to file tax returns will combat invisible fraud and return stolen revenue to the state, and recent objections that the pending bill to do this would dangerously expand the act do not pass muster, say Neil Getnick and Courtney Finerty-Stelzner at Getnick & Getnick.

  • Ohio Tax Talk: Unpacking The New Property Tax Procedures

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    New procedures for challenging real property tax valuations in Ohio may reduce tax revenue for political subdivisions and school districts, but are also likely to help boost development in the state and streamline its real estate tax, say Yazan Ashrawi and Raghav Agnihotri at Frost Brown.

  • Calif. Supermajority Ruling May Change Local Tax Landscape

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    The California Supreme Court's 2017 decision in California Cannabis Coalition v. City of Upland, which provided an easy path to pass special taxes while avoiding the Constitution's supermajority voting requirements, may lead to a rise in taxes that benefit specific populations, as more special tax initiatives are introduced at a local level, say Timothy Gustafson and John Ormonde at Eversheds Sutherland.

  • Kentucky Tax Talk: Unpacking The 2022 Legislative Session

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    Individual Kentuckians will feel the changes made this legislative session as cuts to state income tax increase their net pay, while new sales taxes make many purchases more expensive, a change unlikely to help or hurt most Kentucky businesses, say attorneys at Frost Brown.

  • Crypto Investors May Face Increasing State FCA Tax Liability

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    Cryptocurrency investors who fail to report the state tax consequences of transactions are poised to encounter increased civil or criminal legal exposure as a growing number of states bring tax fraud under the purview of their whistleblower statutes, say attorneys at Brownstein Hyatt.

  • What Ohio Tax Bill Would Mean For Business Sales

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    A pending Ohio bill would codify two situations in which selling an equity or ownership interest in a business would be considered business income, clarifying a number of ambiguous tax situations, say attorneys at Taft.

  • Mich. Marijuana Bill Could Boost Tribal Economic Growth

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    New legislation in Michigan could help Native American tribes raise revenue for government services by creating a pathway for their marijuana businesses to interact with state-licensed facilities — a cooperative approach that supports tribal sovereignty and provides a model for resolving related jurisdictional challenges, says Paul Mooney at Dykema.

  • The Efficacy Of Real Estate Joint Venture Exit Strategies

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    The pandemic has highlighted the importance of negotiating exit strategies for joint ventures, but more may not be better — parties should carefully assess which options are best suited to the particular venture, factoring in certain helpful considerations, say Kris Ferranti and Jonathan Newman at Shearman.

  • NY Tribunal Ruling Instructive On Sales Taxation Of Artwork

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    A recent ruling from the New York Tax Appeals Tribunal in a case involving purchase of a Picasso painting sheds light on two important tax-structuring issues in the art industry — the form-over-substance nature of sales tax and the proper analysis to determine whether property is purchased exclusively for resale, say Joseph Endres and Joshua Lawrence at Hodgson Russ.