State & Local
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February 22, 2024
Md. House OKs Fee On Unpersuasive Property Tax Appeals
Maryland's taxpayers would face a $100 fee if they are unable to persuade the state's Tax Court to revise high-dollar valuations of income-producing property under a bill passed Thursday by the state's House of Delegates.
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February 22, 2024
Conn. Bill Seeks To End Some Higher-Ed Property Exemptions
Connecticut would no longer exempt property purchases by some higher education institutions from property tax under a bill introduced Thursday in the state House of Representatives.
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February 22, 2024
Ala. Bill Would Bar Additional Taxes On Crypto Payments
Alabama would not allow payments made with digital assets such as cryptocurrency to be subject to taxes beyond those charged on other payments under a bill introduced in the state House of Representatives.
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February 21, 2024
Ill. Gov. Seeks Higher Cap On NOLs, Sports Betting Tax Hike
Illinois would extend a cap on corporate net operating loss deductions, more than double its sports betting tax and reduce sales tax rebates for retailers under a $52.7 billion fiscal year 2025 budget proposed Wednesday by Gov. J.B. Pritzker.
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February 21, 2024
COST Announces New President To Take Over March 1
The board of directors for the Council on State Taxation has appointed a new president and executive director starting March 1, according to an announcement Wednesday.
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February 21, 2024
Philly Resolution Would Revive Tax Reform Commission
The city of Philadelphia would reconvene its tax reform commission and advisory committee in order to get an updated analysis of the city's taxes under a resolution introduced in the City Council.
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February 21, 2024
Wis. Assembly OKs Reduction Of Veto Power
The Wisconsin Assembly passed a joint resolution that would restrict the governor from using a partial veto on appropriation bills in a way that would increase taxes or fees.
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February 21, 2024
Colo. House OKs Expanding Quarterly Sales Tax Remittance
Colorado would allow the state Department of Revenue to authorize quarterly sales and use tax filings for more taxpayers under a bill passed in the state House of Representatives.
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February 21, 2024
Miss. Bill Would Exempt Forgiven Student Loans From Income
Mississippi would exclude forgiven student loan debt from gross income under a bill introduced in the state House of Representatives.
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February 21, 2024
Mo. House Panel OKs Banning St. Louis Tax On Teleworkers
St. Louis would be barred from imposing its earnings tax on remote workers under a bill a Missouri House of Representatives committee advanced Wednesday, marking the latest development in a yearslong effort by state lawmakers to shield telecommuters from the tax.
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February 21, 2024
Md. Senate OKs Extending Tax Exemption For Aircraft Parts
Maryland would extend a sales tax exemption for aircraft parts and equipment under a bill passed by the state Senate.
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February 21, 2024
Miss. House Bill Floats Lower Tax Rate On Food Sales
Mississippi would halve the sales tax rate on food sales and eliminate the tax on purchases using food stamps as part of a bill introduced in the state House of Representatives.
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February 21, 2024
Wis. Bill Seeks Tax Credit For Newspaper Subscription Cost
Wisconsin would allow residents to claim an income tax credit equal to 50% of the cost of a local newspaper subscription under a bill introduced in the state Senate.
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February 21, 2024
Baker McKenzie Adds San Francisco Tax Pro From Boutique
Baker McKenzie has hired a state and local tax lawyer in San Francisco who joins the firm to broaden its ability to work with clients on a range of California tax matters, the firm announced Wednesday.
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February 21, 2024
Wash. General Revenues Up $9M From Forecasts
Washington state's general revenues in January and part of February were roughly $9 million higher than budget forecasts, according to a report by the state Economic and Revenue Forecast Council.
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February 21, 2024
Fla. Senate Panel OKs $900M Tax Plan With Insurance Tax Cut
Florida would offer exemptions for insurance taxes and reenact a series of sales tax holidays under a bill that a Senate committee approved offering $900 million in tax reductions.
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February 21, 2024
Tenn. Revenue Through Jan. Down $378M From Estimates
Tennessee's general revenue collection from August through January underperformed budget estimates by $378 million, according to a report by the state Department of Finance and Administration commissioner.
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February 20, 2024
Iowa Bill Aims To Exempt Certain CPA Income From Taxes
Iowa income received by a certified public accountant for some work done for a government agency would be exempt from tax under a bill introduced in the state House of Representatives.
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February 20, 2024
Va. House OKs Notice For Change To Property Taxes
Virginia would require some localities to notify property owners if the assessment of real property in the locality is going to increase the property tax that's levied, under a bill sent to Gov. Glenn Youngkin.
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February 20, 2024
Philly Woman Asks Justices To Review City's Tax Credit Policy
Philadelphia's refusal to credit a woman's Delaware state income taxes paid against her city wage tax liabilities unconstitutionally discriminates against interstate commerce, the woman argued Tuesday in asking the U.S. Supreme Court to review a Pennsylvania Supreme Court ruling in the city's favor.
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February 20, 2024
Alaska Senate Bill Seeks Biz Tax Breaks At Gov.'s Request
Alaska would allow a 50% corporation income tax credit to be claimed for certain business expenses under a bill introduced in the state Senate at the request of the governor.
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February 20, 2024
HCA Healthcare Challenges $13.8M Fla. Tax Bill
Florida wrongly classified nonbusiness income as business income and didn't recognize a federal credit for wages paid outside the state when it upheld a $13.8 million corporate income tax assessment on HCA Healthcare Inc., the healthcare giant told a Florida court.
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February 20, 2024
Va. General Revenue Collection Through Jan. Up $809M
Virginia general fund revenue collection in July through January was up $809 million from collections from the same period in the previous fiscal year, according to a report from the Department of Accounts.
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February 20, 2024
Kansas House Fails To Override Gov.'s Veto Of Flat Tax
A bill that would have restructured Kansas' current income tax rates to create a flat tax rate of 5.25% failed by a single vote Tuesday to override the governor's veto.
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February 20, 2024
Texas Justices Mull If Past Protest Bars Co.'s Tax Appeal
A Texas-based company shouldn't have its current appeal seeking removal of its leased heavy equipment from two counties' assessment rolls barred based on its last unsuccessful attempt, the company told the state's high court in oral arguments Tuesday.
Expert Analysis
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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.
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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.
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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.
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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.