State & Local
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April 17, 2024
Okla. Lawmakers OK Wider Tax Break For Municipal Airports
Oklahoma would expand a property and income tax exemption for municipally owned airports in the state under a bill passed by the state Senate and headed to the governor.
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April 17, 2024
Tax Challenge Viable In Court, Philip Morris Tells NC Justices
A North Carolina administrative court has the power to find a state tax law unconstitutional, tobacco company Philip Morris USA has told the state Supreme Court in its attempt to avoid a more than $300,000 franchise tax bill.
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April 17, 2024
Calif. Committee OKs Ending Local Sales Tax Agreements
California cities would no longer be permitted to enter into agreements that allow a business to designate a city as its place of sale in exchange for tax sharing agreements under a bill passed in the Senate Local Government Committee on Wednesday.
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April 17, 2024
NJ Appeals Court Backs Exemption For Adult Support Home
A New Jersey Tax Court judge was correct in finding that a residential property owned by a charity and used to house a person with intellectual and developmental disabilities was entitled to a tax exemption, a state appeals court ruled Wednesday.
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April 17, 2024
Stormy Daniels Says Trump Flubbed Subpoena At Nightclub
Stormy Daniels, the adult film star at the center of Donald Trump's hush money case, said the former president failed to properly serve her with a subpoena seeking evidence of alleged bias last month after the man dropped the papers at her feet outside a Brooklyn nightclub.
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April 17, 2024
Loeb & Loeb Adds 2 Corporate Partners From Morrison Cohen
Loeb & Loeb LLP has announced the latest in a string of corporate hires from Morrison Cohen LLP's ranks, touting two new partners with domestic and international experience with strategic transactions.
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April 17, 2024
Minn. Senate Bill Seeks Change To Property Tax Calculation
Minnesota would change the calculation of net tax capacity for properties subject to area-wide property taxes under a bill introduced in the state Senate.
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April 16, 2024
NC Justices Hint Contractor Qualifies For Tax Break
The North Carolina Supreme Court appeared ready to rule in favor of a contractor seeking a tax exemption reserved for manufacturers, with the justices concerned that hinging qualification on a sales percentage flouts the language of the applicable law.
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April 16, 2024
Calif. Assembly Committees To Consider Digital Ad Tax
California would establish a Maryland-style digital advertising tax under an amendment to a bill in the state's Assembly that was referred to two committees for consideration.
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April 16, 2024
3 Key Takeaways From The IRS' Latest Pricing Pact Snapshot
The IRS finalized a record number of advance pricing agreements in 2023, signaling the agency's increased effectiveness at completing accords at a time when its approach to transfer pricing litigation could fuel corporate taxpayers' urgency for seeking APAs. Here, Law360 breaks down three key takeaways from the agency’s latest APA report.
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April 16, 2024
NY Budget Deal Revives 421a Credit In Housing Supply Push
New York Gov. Kathy Hochul said state lawmakers have agreed to the terms of a state budget reviving an expired affordable housing tax credit, backing office-to-residential conversions and taking other steps to combat New York City's housing affordability crisis.
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April 16, 2024
Va. Gov. Youngkin Appoints Atty As State Tax Commissioner
Virginia's newly appointed tax commissioner is an attorney who previously worked for the U.S. Treasury Department, Republican Gov. Glenn Youngkin has announced.
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April 16, 2024
Iowa Lawmakers OK Two-Thirds Approval For Tax Bills
Iowa would require corporate or income tax increases or the creation of new taxes on income to be passed with a two-thirds legislative vote under a proposed constitutional amendment sent to the governor for approval.
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April 16, 2024
Maine Updates State Tax Law Conformity To Federal Code
Maine conformed state tax law to the Internal Revenue Code as amended through Dec. 31, 2023, under a bill signed by the governor.
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April 16, 2024
Kansas Tax Omnibus, Income Rate Changes Head To Gov.
Kansas would alter its income tax brackets, decrease its bank privilege tax, exempt the first $100,000 of a residential property's appraised value and exempt Social Security income from tax under a bill sent to the governor.
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April 16, 2024
BigLaw Attys Among First 7 Jurors Picked In Trump's NY Trial
Two BigLaw attorneys on Tuesday were among seven people sworn in as jurors in Donald Trump's Manhattan hush money trial, which could proceed to opening statements as soon as Monday.
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April 16, 2024
Ind. Property Owner Denied Tax Break For Charities
The owner of an Indiana building was correctly denied a property tax exemption as his application for the tax break was filed late and he failed to show the building was used for a charitable purpose, the state Board of Tax Review said.
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April 16, 2024
Pa. House OKs Tax-Free Rollovers From Education Savings
Pennsylvania would provide for tax-free rollovers from eligible tax-advantaged education savings accounts to some individual retirement accounts under a bill passed by the state House of Representatives.
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April 15, 2024
Ind. Tax Board Hikes Home Value Based On Purchase Price
The Indiana Board of Tax Review increased the valuation of a couple's home based on its purchase price after finding that a sales comparison analysis by the property owners was insufficient to justify a lower value.
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April 15, 2024
Neb. Revenue Collection Climbs To $311M Over Estimates
Nebraska general fund receipts for July through March were $311 million, or 5.8%, more than a budget projection, according to a monthly report by the state Department of Revenue published Monday.
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April 15, 2024
Detroit Fire Safety 'Tax' Case Heads To Mich. Justices
The Michigan Supreme Court will hear a challenge to Detroit's fire safety inspection fees, taking up an appeal from a pipe fitter's proposed class action alleging that the charges amounted to unlawful taxes.
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April 15, 2024
Wis. Gov. Picks Department Of Revenue Secretary
A new secretary of the Wisconsin Department of Revenue has been appointed by the governor and will begin April 29, the governor announced in a news release Monday.
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April 15, 2024
9th Circ. To Hear Hunter Biden Appeal In Criminal Tax Case
The Ninth Circuit will hear Hunter Biden's argument that a California federal judge wrongly rejected requests by his defense team to toss a criminal tax case that Biden has claimed is politically motivated and vindictive, according to a notice filed Monday.
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April 15, 2024
Okla. Revenue Through March Beats Estimate By $249M
Oklahoma collected $249 million more in general revenue from July through March than was predicted in a budget estimate, according to data published by the state Office of Management and Enterprise Services.
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April 15, 2024
Ga. General Fund Receipts Through March Down $116M
Georgia general fund receipts from July through March were down $116 million from the same period last fiscal year, the state's Department of Revenue reported.
Expert Analysis
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Justices Poised To Reject Narrowing Unclaimed Property Law
After U.S. Supreme Court oral arguments in the so-called MoneyGram case — a dispute between Delaware and several other states over which has the right to about $300 million in unclaimed property — the court seems ready to rule against Delaware, but nuances of the court's reasoning will have a broader sweep, say attorneys at Alston & Bird.
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Digital Tax In Md., Incentives In Ore.: SALT In Review
From the defeat of Maryland's tax on digital advertising to incentives proposed in Oregon, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Texas Tax Talk: Previewing 2023 Legislative Priorities
Recent directives issued by the Texas House Ways and Means and Senate Finance Committees suggest high-profile items such as property tax reform, tax incentives for large, capital-intensive industrial projects, and more will be prioritized in the 2023 legislative session, say Alison Andrews and Matthew Larsen at Baker Botts.
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Rushed Multilateral Negotiations Caused Two-Pillar Tax Mess
Cracks appearing in the two pillars of the 2021 global tax plan stem from a multilateral tax policy process that rushed to issue rules without first resolving fundamental differences between countries or ensuring that the U.S., a key player, could implement them, says Jefferson VanderWolk at Squire Patton.
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Post-Litigation Refund Strategies To Defeat Class Certification
The Third Circuit's recent revival of the Duncan v. Governor of the Virgin Islands class action shows that defendants should strongly consider tendering refunds to class representatives — even after they file suit — to create a substantial obstacle to certification, say attorneys at Covington.
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Football In Florida, Chips In New York: SALT In Review
From the tax implications of an NFL star's relocation in Miami to the incentives that lured a chipmaker to upstate New York, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Internet Gaming Biz Hit The Jackpot With Wire Act Ruling
A Rhode Island federal court's order in IGT v. Garland last month — siding with the First Circuit's interpretation of the Wire Act and confirming it applies only to sports betting — opens up opportunities for interstate online gaming and gambling, which will entail harmonized regulation and taxation regimes, say attorneys at Blank Rome.
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The CHIPS Act: Key Takeaways For Semiconductor Industry
The Biden administration’s recently signed CHIPS Act signals that the U.S. is making progress toward bolstering the domestic semiconductor industry, and manufacturers must prepare by understanding the requirements of the act and associated Department of Commerce guidance, say attorneys at Miller & Chevalier.
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Groceries In SD, Streaming Services In Illinois: SALT In Review
From the South Dakota governor's proposed grocery exemption to the defeat of a tax on streaming services in Illinois, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Digital Taxation Is Necessary, But Tough To Manage
The U.S. government has started to tackle complex new tax laws as the digital economy continues to grow, but this demands guidelines that will facilitate the growth while protecting investors and the government's finances, say attorneys at Cadwalader.
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Whistleblowers Will Be Key To Curbing Cannabis Fraud In NY
As New York begins accepting license applications for its legal marijuana market, qui tam suits brought by whistleblowers under the New York False Claims Act will be a valuable tool for safeguarding the integrity of the developing industry, especially with regard to combating tax fraud, say Max Rodriguez and Sidney Cobb at Pollock Cohen.
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Tax Cuts Proposed In Fla., Vetoed In Calif.: SALT In Review
From Florida's proposed $1.1 billion in tax cuts to the California governor's veto of a business exemption, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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On And Off The Books: SALT In Review
From a ruling in South Carolina on the taxing of a bookseller's membership club sales to Louisiana's consideration of repealing its income taxes, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.