Tax Law360 provides breaking news and analysis on federal, state, and international tax law, with a focus on business enterprises. Coverage includes high-stakes litigation, government enforcement actions, and auditing issues, as well as related policy developments.
The U.S. Department of Justice late Friday scoffed at Maryland’s newly launched lawsuit aimed at shielding the Affordable Care Act from a constitutional challenge, arguing that the state has no right to the ACA’s continued existence.
The Texas Supreme Court said Friday it would hear a case on whether an electric cooperative that operates heat recovery steam generators in power plants can qualify for a property tax exemption for pollution control, after an appeals court affirmed a state agency’s denial of the credit.
A California federal judge declined Thursday to order a retrial for an accountant found guilty of helping a venture capitalist siphon $18 million from a fund using false tax returns.
A Texas federal court jury has convicted a Texas man of tax evasion and money laundering conspiracy for selling used prescription medications to a company that would resell them to pharmacies as new.
The Texas Supreme Court on Friday affirmed the constitutionality of state tax code sections on the valuation of heavy equipment, and that the statutes apply to pipeline compressors used to transport natural gas.