State & Local
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September 04, 2026
4 Books Transfer Pricing Economists Think You Should Read
What do transfer pricing experts — economists, specifically — do in the summer? In July, many of them attend the National Association for Business Economics' annual transfer pricing symposium and discuss their favorite books with Law360 during the coffee breaks. Others were kind enough to do it during their regular work hours. Here, Law360 looks at four of their picks.
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September 04, 2026
Pfizer Can't Cut Ala. Tax With Shuffled Loans, Court Affirms
Pfizer cannot reduce its Alabama corporate income tax liabilities by deducting $658 million in interest payments made to an Irish affiliate that shuffled them to Luxembourg affiliates as tax-free dividends, the Alabama Court of Civil Appeals said Friday, affirming a lower court's decision.
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September 04, 2026
Ohio Bill Would Bar Property Tax Breaks For Data Centers
Ohio would prohibit new property tax breaks for data centers, including facilities used for mining cryptocurrency, under legislation introduced in the state House.
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September 04, 2026
Ala. Tax Revenues Through August Up $420M From Last Year
Alabama's tax collections from October through August were $420 million ahead of the same period last fiscal year, according to the state Department of Revenue.
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September 04, 2026
Mass. Tax Revenue Through August Up $760M From Last Year
Massachusetts tax collections in July and August were $760 million ahead of the same period in the preceding fiscal year, according to a report by the state Department of Revenue.
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September 04, 2026
Miss. Revenues Through Aug. Up $72M From Estimates
Mississippi's total general fund revenues in July and August were $72 million head of forecasts, according to the state Department of Revenue.
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September 03, 2026
NY Tribunal Upholds Tax On Co.'s Doc Management Services
A company's sales of cloud-based document management services to law firms and financial service businesses constitute sales of taxable prewritten software, the New York State Tax Appeals Tribunal ruled in a decision released Thursday.
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September 03, 2026
Neb. Justices Urged To Allow $16M Gains Exclusion For Trust
A trust set up by a former Union Pacific executive should receive a $16 million capital gains exclusion despite the shares at issue being indirectly transferred to the trust as part of a corporation, the Nebraska Supreme Court was told.
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September 03, 2026
Mich. Factory Denied Tax Break For Temperature Control
A Michigan fabrication business isn't eligible for an industrial processing exemption for use tax imposed on gas and electricity used to keep the company's machines at certain temperatures to maximize their lifespan, the state's Tax Tribunal ruled.
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September 03, 2026
NH Total Receipts Up $6M From Budget Estimate
New Hampshire's total receipts from July and August outpaced forecasts by $6 million, according to the state Department of Administrative Services.
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September 03, 2026
Fla. Net Revenue In July Lags Estimate By $16M
Florida net revenue collection in the first month of the 2027 fiscal year was $16 million under forecasts, the state's Office of Economic and Demographic Research said in a report released Thursday.
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September 03, 2026
Kansas August Tax Collections Beat Estimate By 9.4%
Kansas' tax collections for August exceeded the budget forecast for the month by about $66.5 million, or 9.4%, according to the state Division of the Budget.
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September 02, 2026
NJ Urges Justices To Resolve Kalshi Sports Betting Split
New Jersey regulators on Wednesday asked the U.S. Supreme Court to address the newly emerged circuit split around prediction market regulation, filing a long-awaited petition that challenged a Third Circuit decision blocking the state from pursuing Kalshi's sports event contracts as unlicensed bets.
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September 02, 2026
Ohio Board Finds Woman's Gains From Biz Sale Deductible
An Ohio woman can take a business income deduction for capital gains received from selling equity interest in a C corporation, the Ohio Board of Tax Appeals ruled Wednesday.
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September 02, 2026
Colo. Voters To Decide On $2B Graduated Tax Plan
Colorado would adopt graduated income tax rates, cutting taxes for most residents while boosting rates for high earners, under an initiative approved for the November ballot that would raise $2 billion for healthcare, education and childcare efforts.
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September 02, 2026
Mo. Tax Dept. Explains Limits Of Medical Equipment Tax Break
Certain items that can be used in healthcare settings, including bedside commodes and Hoyer lifts, don't qualify as durable medical equipment that is exempt from Missouri sales tax, the state Department of Revenue said.
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September 02, 2026
Mo. Says Sales Of Medical Records On CDs Not Taxable
A company's sales of medical records via CDs aren't subject to Missouri sales tax because the true object of the transactions is for customers to obtain nontaxable records instead of taxable tangible personal property, the state Department of Revenue said.
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September 02, 2026
Ark. Revenue Through August Up $31M From Forecast
Arkansas' net available general revenue in July and August was $31 million better than forecast, according to the state Department of Finance and Administration.
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September 02, 2026
Pa. Revenue Trails Forecast By $22M Through Aug.
Pennsylvania's general fund revenue collection in July and August fell short of an estimate by $22 million, according to the state Department of Revenue.
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September 02, 2026
Texas Revenues In Fiscal Year 2026 Up $3B From Estimate
Texas' total net revenue from September 2025 through August beat estimates by $3 billion, according to the state Comptroller's Office.
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September 02, 2026
W.Va. Revenue Beats Forecast By $46M Through Aug.
West Virginia's general fund revenue collected in July and August outpaced an estimate by $46 million, according to the state's Budget Office.
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September 02, 2026
No Tax Break For SC Homeowner With Nonresident Wife
A South Carolina homeowner was correctly denied a property tax rate for owner-occupied primary residences because his spouse was a resident of another state at the time, an administrative law judge ruled.
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September 01, 2026
Calif. Panel Signals SF Vacancy Tax Is Barred By State Law
A California state appeals court panel appeared primed Tuesday to strike down San Francisco's tax on vacant residential units, as a justice repeatedly cast doubt on the city's claims that the levy isn't preempted by state law.
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September 01, 2026
Fla. Defends Airline Tax Method Targeted By JetBlue
A Florida state court was right to reject JetBlue's challenges to the state's method for apportionment of airline income, including receipts from flights over offshore areas, the state Department of Revenue told an appeals court, saying the method is constitutional.
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September 01, 2026
Biz Groups Ask Texas Justices To Bar Tax On Stored Oil
If the Texas Supreme Court rules that counties can levy personal property tax on oil slated for export, the decision could be damaging to the state's economy and a boon for other states, the U.S. Chamber of Commerce and other business groups said.
Expert Analysis
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A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.
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Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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Food For Thought On Taxes, By The Bagful: SALT In Review
From a welcome annual ranking of the states' tax climates to the Virginia capital city's new tax on plastic bags, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling
Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.
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State, Federal Incentives Heat Up Geothermal Projects
Geothermal energy can now benefit from dramatically accelerated permitting for development on federal land as well as state-level renewable energy portfolio standards — but operating in the complex legal framework surrounding geothermal projects requires successful navigation of complex water rights and environmental regulations, say attorneys at Holland & Hart.
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The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.