State & Local
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March 12, 2024
Ohio Revenue Through Feb. Down $375M From Estimates
Ohio's general revenue fund receipts from July through February were $375 million lower than budget forecasts, according to a monthly report by the state's Office of Budget and Management.
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March 12, 2024
NY Lawmakers Float Income Tax Increases On High Earners
New York lawmakers proposed temporarily increasing income tax rates on individuals and corporations with more than $5 million of income in budget proposals the chambers released Tuesday, rebuking Gov. Kathy Hochul's pledge not to raise taxes that could drive high earners outside the state.
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March 12, 2024
Pike Test Could Solve Ill. Remote Seller Suit, Official Says
A little-used constitutional test could solve the issue of whether Illinois' policy of requiring retailers to base their sourcing methods on whether they are in-state or remote is unconstitutional, a Multistate Tax Commission official said Tuesday.
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March 12, 2024
Fla. Revenue Collection $74M Above Estimates
Florida's general revenue collection from July through January was $74 million higher than forecast, according to a monthly revenue report by the state's Office of Economic and Demographic Research.
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March 12, 2024
Md. Lowers Yearly Revenue Forecast By $120M
The Maryland Board of Revenue Estimates lowered reduced its revenue collection forecast for fiscal year 2024 by $120 million after lower-than-expected tax collections, according to a quarterly report.
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March 12, 2024
Tenn. Senate Panel OKs Corp. Tax Overhaul, Rebate
Tennessee corporations could see a $400 million annual franchise tax cut along with nearly $1.6 billion in potential refunds for past payments under legislation approved by a state Senate panel Tuesday.
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March 12, 2024
Colo. Dept. Says Out-Of-State Retailer May Collect Sales Tax
A retailer who makes sales into Colorado but whose business activities do not meet the statutory definition of doing business in the state may voluntarily collect sales taxes, the Colorado Department of Revenue said.
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March 12, 2024
Tenn. Senate Panel OKs Plan To Bar State Property Taxes
Tennessee voters could decide whether to constitutionally bar state property taxes under a resolution approved Tuesday by a Senate panel to advance the measure to next year's General Assembly.
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March 12, 2024
Mo. Senate Panel OKs Corp. Income Tax Rate Cuts
Missouri would cut its corporate income tax rate to 3.75% in 2025, and continue to cut the rate until it reaches 2.25% if certain revenue targets are hit, under a bill advanced by the Senate's tax committee.
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March 12, 2024
Colo. Lawmakers OK Multistate Online Insurance Tax Filing
Insurance companies in Colorado would be required to pay some taxes through a multistate third-party online application under legislation approved by the state Senate.
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March 12, 2024
Wyo. Ditches Transactions Sales Tax Threshold For Sellers
Wyoming will revoke the requirement for remote sellers who make more than 200 transactions to collect and remit sales tax, and clarify some sections of the state's sales tax statute as part of a bill signed by the governor
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March 12, 2024
Mo. Senate Panel OKs Phaseout Of Corp. Income Tax
A Missouri Senate committee advanced legislation that would phase out the state's corporate income tax by 2029, a plan that would lead to a roughly $900 million reduction in annual revenue when the tax is extinguished.
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March 12, 2024
La. House Bill Would Move Tax Board To Revenue Department
Louisiana's tax commission would become part of the state's Department of Revenue rather than an independent agency situated in the governor's office under a bill introduced in the state House of Representatives.
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March 12, 2024
La. Bill Would Nix Sales Taxes For Cars Brought Into State
Louisiana taxpayers would be exempt from paying local sales and use taxes on vehicles they had previously titled in another state under a bill introduced in the state House of Representatives.
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March 11, 2024
Sales Tax Pact Floats Nexus, Registration Advice For States
A Streamlined Sales Tax Governing Board council said Monday it is considering pushing states to provide remote sellers with at least 30 days to begin collecting sales tax after crossing economic nexus thresholds, and for gross sales to be the basis for calculating those thresholds.
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March 11, 2024
Sales Tax Pact Eyes New Tax Treatment For Digital Codes
States could collect tax on sales of digital codes that represent software, in-app purchases and non-fungible tokens at the time the code is sold under a proposal that a Streamlined Sales Tax Governing Board council debated Monday.
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March 11, 2024
Fewer NYC Rental Apartments' Tax Appeals Succeed
Property tax assessment appeals from rental apartment buildings in 2023 received the lowest number of reduction offers in a decade and accounted for half the number of offers in 2022, law firm Rosenberg & Estis PC said in a Monday statement.
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March 11, 2024
Tax Judge Struck By Lack Of Transparency From States
Transparency is a key consideration for judges deciding how much deference to give to the position of a taxing authority, a senior state tax court judge said Monday, noting she has been struck sometimes by a lack of transparency from state taxing agencies.
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March 11, 2024
Microsoft Win May Spark More Calif. Refunds, Pro Says
Businesses that have both activity in California and foreign source income should consider whether they should file for a refund in the wake of a recent decision by the state's Office of Tax Appeals in favor of Microsoft, a practitioner said Monday.
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March 11, 2024
Tax Pact Group Tweaks Liability Relief In Digital Goods Plan
States would not be required to provide liability relief to sellers of digital goods that collect the wrong amount of sales tax unless those sellers request a buyer's complete street address under a proposal discussed Monday by a Streamlined Sales Tax Governing Board council.
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March 11, 2024
Md. Biz Groups Hammer Bill To Expand Sales Tax To Services
A long lineup of business representatives attacked a $3 billion proposal before a Maryland House panel Monday to expand the state's sales tax to services while cutting its rate, saying the costs would trickle down to consumers and hurt the economy.
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March 11, 2024
Ore. Revenue Collection Up Almost $1B In 2023
Oregon increased its tax collection in fiscal year 2023 by roughly $1 billion compared with the previous year, according to a report from the state's Department of Revenue.
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March 11, 2024
Calif. Revenue Through Feb. Down $5.4B From Forecast
California's total receipts for July through February were $5.4 billion below the forecast in the governor's 2024-25 budget, according to the monthly report by the state controller.
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March 11, 2024
Trump Wants NY Trial Paused As Justices Weigh Immunity
Donald Trump asked a New York judge to pause his hush-money case to await a U.S. Supreme Court ruling in a separate case on whether he is shielded from criminal charges by presidential immunity.
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March 11, 2024
Mich. Justices Tell Panel To Revisit 'Robotic' Tax Ruling
A Michigan appellate panel must reconsider its decision to uphold the denial of a man's principal-residence tax exemption under the Michigan Supreme Court's order to gather more information about the evidence the tax tribunal considered, revisiting a decision one appellate judge labeled "robotic acceptance" of the government's evidence.
Expert Analysis
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Tips For Litigating Against Pro Se Parties In Complex Disputes
Litigating against self-represented parties in complex cases can pose unique challenges for attorneys, but for the most part, it requires the same skills that are useful in other cases — from documenting everything to understanding one’s ethical duties, says Bryan Ketroser at Alto Litigation.
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Pro Bono Work Is Powerful Self-Help For Attorneys
Oct. 22-28 is Pro Bono Week, serving as a useful reminder that offering free legal help to the public can help attorneys expand their legal toolbox, forge community relationships and create human connections, despite the challenges of this kind of work, says Orlando Lopez at Culhane Meadows.
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The Pop Culture Docket: Judge Espinosa On 'Lincoln Lawyer'
The murder trials in Netflix’s “The Lincoln Lawyer” illustrate the stark contrast between the ethical high ground that fosters and maintains the criminal justice system's integrity, and the ethical abyss that can undermine it, with an important reminder for all legal practitioners, say Judge Adam Espinosa and Andrew Howard at the Colorado 2nd Judicial District Court.
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Permanence And Other Elusive Notions: SALT In Review
From a Michigan income tax that may or may not be permanent to a victory in court for online travel companies, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Newman Suspension Shows Need For Judicial Reform
The recent suspension of U.S. Circuit Judge Pauline Newman following her alleged refusal to participate in a disability inquiry reveals the need for judicial misconduct reforms to ensure that judges step down when they can no longer serve effectively, says Aliza Shatzman at The Legal Accountability Project.
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How And Why Your Firm Should Implement Fixed-Fee Billing
Amid rising burnout in the legal industry and client efforts to curtail spending, pivoting to a fixed-fee billing model may improve client-attorney relationships and offer lawyers financial, logistical and stress relief — while still maintaining profit margins, say Kevin Henderson and Eric Pacifici at SMB Law Group.
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How Law Firms Can Use Account-Based Marketing Strategies
Amid several evolving legal industry trends, account-based marketing can help law firms uncover additional revenue-generating opportunities with existing clients, with key considerations ranging from data analytics to relationship building, say Jennifer Ramsey at stage LLC and consultant Gina Sponzilli.
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Strategic Succession Planning At Law Firms Is Crucial
Senior partners' reluctance to retire, the rise of the nonequity partner tier and generational differences in expectations are all contributing to an increasing number of departures from BigLaw, making it imperative for firms to encourage retirement among senior ranks and provide clearer leadership pathways to junior attorneys, says Laura Leopard at Leopard Solutions.
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Potential Calamities, Greatly Exaggerated: SALT In Review
From fears of judicial upheaval to a tax break for space travel, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Maximizing Law Firm Profitability In Uncertain Times
As threats of an economic downturn loom, firms can boost profits by embracing the power of bottom-line management and creating an ecosystem where strategic financial oversight and robust timekeeping practices meet evolved client relations, says Shireen Hilal at Maior Strategic Consulting.
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Preparing Your Legal Department For Pillar 2 Compliance
Multinational entities should familiarize themselves with Pillar Two of the Organization for Economic Cooperation and Development’s BEPs 2.0 project and prepare their internal legal tracking systems for related reporting requirements that may go into effect as early as January, says Daniel Robyn at Ernst & Young.
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What Large Language Models Mean For Document Review
Courts often subject parties using technology assisted review to greater scrutiny than parties conducting linear, manual document review, so parties using large language models for document review should expect even more attention, along with a corresponding need for quality control and validation, say attorneys at Sidley.
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Participating In Living History Makes Me A Better Lawyer
My role as a baron in a living history group, and my work as volunteer corporate counsel for a book series fan association, has provided me several opportunities to practice in unexpected areas of law — opening doors to experiences that have nurtured invaluable personal and professional skills, says Matthew Parker at the Nebraska Department of Health and Human Services.