State & Local
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April 11, 2024
Proskauer Adds Kirkland Partner For Tax, Estate Issues
Proskauer Rose LLP has added to its private client services department a partner from Kirkland & Ellis LLP who specializes in developing domestic and international tax and estate plans for clients with very high net worth, the firm announced.
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April 11, 2024
NY ALJ Denies Tax Refund For Leased Car Moved To Pa.
A New York resident was correctly denied a partial sales and use tax refund on a leased vehicle for a period after he moved to Pennsylvania, a New York administrative law judge determined Thursday.
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April 11, 2024
Calif. Panel OKs Requiring Disclosure Of Sales Tax Rebates
California would require local jurisdictions to publish agreements that result in direct or indirect payment, diversion or rebate of local sales tax revenue and to disclose information to the state under a bill advanced by the state Assembly's tax panel.
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April 11, 2024
Tenn. Senate Rejects Less Costly Corp. Tax Break Plan
The Tennessee Senate rejected Thursday a less costly House of Representatives version of legislation to reform the state's corporate franchise tax and refund some past payments, sending it back to the House.
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April 11, 2024
Neb. Lawmakers Advance Digital Ad Tax, Property Tax Relief
A proposal by Nebraska's Republican governor to enact a tax on digital advertising and nix some sales tax exemptions to fund property tax relief advanced in the state Legislature, despite calls to postpone the bill.
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April 11, 2024
Ariz. To Create Certification Of 3rd-Party Sales Tax Sourcing
The Arizona Department of Revenue will create a certification process for third-party providers of sales tax sourcing services under legislation signed into law.
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April 11, 2024
Minn. Senate Bill Would Cut Corp. Franchise Tax Rate
Minnesota would cut its corporate franchise tax rate starting in the current tax year under legislation introduced Thursday in the state Senate.
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April 10, 2024
Iowa Lawmakers OK Lowering Captive Insurer Premium Taxes
Iowa would lower the rate of tax imposed on some captive insurance companies' reinsurance premiums under a bill unanimously approved by the state Senate and headed to the governor.
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April 10, 2024
Ky. Gov. Rejects Tax Amnesty Program, Bullion Tax Break
Kentucky's governor vetoed provisions in an omnibus tax bill that would have offered a tax amnesty program and created a sales tax exemption for metal bullion.
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April 10, 2024
Pa. House Bill Seeks Remote Worker Corp. Tax Exemption
Any corporation based outside Pennsylvania would not be required to remit corporate net income tax in the state if the corporation's remote workers worked from the commonwealth less than 50% of the time under a bill introduced in the House Appropriations Committee.
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April 10, 2024
Trump Fails Again To Halt NY Trial Over Claim Judge Is Biased
Donald Trump on Wednesday tried and failed for the third time in as many days to delay his upcoming hush-money trial, after arguing the judge should be removed for supposed bias and that the judge's rules were preventing him from defending himself.
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April 10, 2024
Rhode Island Extends Filing, Payment Deadlines After Storms
Rhode Island will extend some state tax filing and payment deadlines from April to July for people and businesses affected by storms and flooding, the state Division of Taxation said Wednesday.
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April 10, 2024
Pa. House Committee To Consider SALT Cap Workaround
Pennsylvania would allow pass-through entities to elect to be taxed at the entity level as a workaround to the $10,000 federal cap on state and local tax deductions under a bill referred to the House Appropriations Committee.
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April 10, 2024
NC Tax Revenue Collection Through Feb. Down $187M
North Carolina's total revenue from July through February was roughly $187 million below last year's figure, according to a monthly report released by the state controller office.
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April 10, 2024
Md. Digital Ad Tax Rule Illegally Bars Speech, Chamber Says
A provision in Maryland's digital ad tax law barring companies from directly passing the tax through to consumers regulates companies' speech, not just their conduct, violating the First Amendment, business groups told a federal court.
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April 10, 2024
Ex-Trump Finance Chief Weisselberg Jailed For Perjury
A New York state judge on Wednesday sentenced former Trump Organization Chief Financial Officer Allen Weisselberg to five months in jail for lying under oath in the attorney general's civil fraud case against Donald Trump and his business associates, imprisoning a close ally of the former president on the eve of his hush-money trial.
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April 09, 2024
NYC Developers Get $270M In Financing For Brooklyn Project
The Gotham Organization, Monadnock Development and the Christian Cultural Center obtained $270 million in construction financing for the first phase of their mixed-use Innovative Urban Village project in Brooklyn, New York, according to an announcement.
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April 09, 2024
NYC Developers Blame Tax Break Loss For Apartment Slump
The foundation application filings for multifamily housing in New York City declined significantly in March, which signifies a decline that began after the city's 421-A tax break expired in June 2022, the NYC developer trade group Real Estate Board of New York stated.
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April 09, 2024
Ohio Rep. Says Energy Taxes Could Offset Proposed Cuts
Lost revenue resulting from a bill to end Ohio's income and business receipts taxes could come from new or increased taxes on energy production, a sponsor of the legislation told a state House of Representatives panel Tuesday.
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April 09, 2024
Ohio Justices Voice Displeasure With Woodland Deduction
Several Ohio Supreme Court justices sounded skeptical Tuesday of the state tax commissioner's valuation of a deduction for clearing woodlands that factors into assessments of agricultural properties, saying the figure appeared to be arbitrarily low.
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April 09, 2024
Professor In Conn. Says NY Teleworker Tax Can't Reach Him
A tax professor who lives in Connecticut but teaches in New York worked at home under mandate during the COVID-19 pandemic and none of his income during that time can be subject to New York's teleworker tax, he told the state Tax Appeals Tribunal on Tuesday.
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April 09, 2024
Pittsburgh Schools Sue To Force Countywide Reassessment
The school district serving the city of Pittsburgh has filed a lawsuit in state court to compel Allegheny County to conduct a countywide reassessment of real estate values, arguing that taxation starting from a 12-year-old base level is putting homeowners in some neighborhoods at an unfair and unconstitutional disadvantage.
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April 09, 2024
Tenn. House OKs Broader Sales Tax Break For Data Centers
Tennessee would expand a sales and use tax exemption for qualified data centers under a bill passed by the state House of Representatives.
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April 09, 2024
Ohio House Bill Seeks To End Double Taxation Of Deliverers
Companies that deliver goods in Ohio, such as UberEats and Instacart, would be able to obtain a waiver to opt out of being considered a seller in order to avoid double taxation under a bill introduced Tuesday in the state House Ways and Means Committee.
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April 09, 2024
Tenn. House OKs Corp. Tax Change, $800M In Rebates
Corporations operating in Tennessee could be eligible for about $800 million in rebates for past tax payments along with reduced liabilities going forward under legislation approved by the state House of Representatives.
Expert Analysis
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Expect Seamless Transition To Controversial Ariz. Flat Tax
The unexpectedly early implementation of Arizona's new 2.5% flat income tax rate in January should be a painless and welcome change for individual taxpayers, even as the long-term impact on state and local economies is the subject of debate, say Karen Jurichko Lowell and Pat Derdenger at Lewis Roca.
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Tax Cuts Hither And Yon: SALT In Review
From proposed tax cuts in Mississippi and Montana to a new, voter-approved limit in Arizona, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Midterms And Powerball: SALT In Review
From the midterm election results to the latest Powerball winner, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Ohio Tax Talk: One Step Closer To Telework Income Tax Clarity
An Ohio court's recent ruling in Morsy v. Dumas that Cleveland must reimburse city tax on income an employee earned while she worked from another state during the pandemic is limited in the time period to which it applies, but may have important ramifications for the Ohio municipal income tax system as a whole, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.
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30 Years of TABOR: SALT In Review
From the anniversary of the Colorado Taxpayer's Bill of Rights to a Missouri barkeep whose tax obligations reached beyond the grave, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Rankings And Semiconductors: SALT In Review
From an annual ranking of states' business tax climates to yet another incentive package for the semiconductor industry, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Making The Most Of New Tax Credits For EV Charging Stations
The Inflation Reduction Act recently extended, expanded and renewed the tax credits available for electric vehicle charging station projects — but developers must navigate new challenges, including geographic and prevailing wage requirements, to take full advantage of the updated credits, says James English at Clark Hill.
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Key Income Tax Issues Triggered By Remote Employees
A host of fact-specific tax determinations arise in connection with remote work arrangements, from defining working-condition fringe benefit exclusions to nexus-dependent state withholding obligations, complicating compliance for corporate tax counsel and human resources professionals, say Thomas Cryan and Spencer Walters at Ivins Phillips.
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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.