State & Local
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
April 09, 2024
Trump Loses 2nd Appellate Bid To Pause NY Criminal Trial
A New York state appellate judge refused Tuesday to delay Donald Trump's upcoming criminal hush-money trial while the former president challenges a gag order, just one day after a different appeals judge declined to halt the trial due to supposed jury pool bias.
-
April 09, 2024
Biz Group Looks To Sink NY's Tax Rule For Internet Activities
A New York regulation outlining when certain online activities by out-of-state businesses exceed a federal law's protections against state income taxes unconstitutionally narrows the law's scope, the American Catalog Mailers Association said Tuesday in announcing a complaint filed in New York state court.
-
April 08, 2024
NRA, LaPierre, Execs Seek To Ax $6M Misconduct Verdict
The National Rifle Association, its longtime CEO Wayne LaPierre and two other executives asked a New York judge to throw out a Manhattan jury's verdict that they improperly used donor money, among other misconduct, and owe the gun rights group a total of $6.4 million.
-
April 08, 2024
No Tax Cuts Or Hikes In Va. Budget, Youngkin Now Says
Virginia would have neither tax cuts nor tax increases in the next biennial budget under an updated plan released Monday by Gov. Glenn Youngkin, who said he knew he must compromise with the Democratic-run General Assembly.
-
April 08, 2024
Vermont Senate Receives New Top Income Tax Rate Bill
Vermont would create a top income tax rate of 11.75% under a bill passed by the state House of Representatives and sent to the state Senate.
-
April 08, 2024
Minn. Retroactively Delays Cut To NOL Deduction
Minnesota is retroactively delaying a cut to its maximum income tax deduction for net operating losses under legislation signed into law Monday, correcting an error in a tax package enacted last year.
-
April 08, 2024
RI Bill Would Expand Tax Break For Renewable Energy Items
Rhode Island would expand a sales tax exemption for renewable energy products under a bill introduced in the state Senate.
-
April 08, 2024
Va. Will Allow Installment Agreements For 'Omitted' Taxes
Virginia will allow local officials to create installment agreements for those assessed taxes that should have been assessed in previous years, under a bill signed by Gov. Glenn Youngkin.
-
April 08, 2024
Trump Can't Move Hush Money Trial, NY Appeals Judge Says
A New York appellate judge on Monday denied Donald Trump's request to halt his upcoming hush money trial due to what the former president cast as a hopelessly biased jury pool in Manhattan, as he awaited a hearing on his separate bid to lift a gag order.
-
April 08, 2024
Tenn. Extends Counties' Ability To Hire Collection Agents
Tennessee removed the sunset date on a law that allows county trustees to hire collection agents to collect delinquent tangible personal property taxes under a bill signed by the governor.
-
April 08, 2024
Md. Lawmakers OK Tobacco Tax, Vehicle Fee Boosts
Maryland smokers and motorists would pay about $453 million in additional taxes and fees in the next fiscal year under a $63 billion budget approved by lawmakers and heading to the governor.
-
April 05, 2024
Parents Seek Justices' Review Of Private School Funding Law
Five Michigan families want the U.S. Supreme Court to hear their challenge to a Michigan constitutional provision that they say prevents them from using tax-advantaged education savings accounts to pay for religious school tuition, alleging the law amounts to religious discrimination.
-
April 05, 2024
Arizona Loses Bid To Bar Federal Tax On One-Time Rebates
A federal court declined Friday to bar federal taxation of Arizona's one-time state tax rebates issued last year, rejecting the state's move for a preliminary injunction against the Internal Revenue Service.
Expert Analysis
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Third-Party Sellers And A Redistribution Tax: SALT In Review
From a Pennsylvania ruling on third-party sellers to an Oregon proposal that would tax businesses and give the money to citizens, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
-
3rd Time May Be The Charm For Florida Cannabis Legalization
After two unsuccessful attempts at legalizing adult-use cannabis in Florida, strong electoral support combined with significant financial backing for a recently approved constitutional ballot initiative may finally result in success, say Ashlee Tising and Jonathan Robbins at Akerman.
-
What AML Bill Could Mean For Firms, Funds And FinCEN
If passed, an amendment within Congress’ annual defense bill would expand the list of institutions subject to anti-money laundering regulations, from law firms to investment funds, creating potential rulemaking and enforcement challenges for the Financial Crimes Enforcement Network, say attorneys at Arnold & Porter.