State & Local
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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.
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March 11, 2024
Fla. Voters To Decide On Homestead Exemption Increase
Florida will have voters decide on a November ballot measure whether to create a constitutional amendment to index the homestead exemption to inflation under a joint resolution passed by state lawmakers.
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March 11, 2024
Minn. Senate Bill Would Boost Inheritance Tax Exclusion
Minnesota would boost its inheritance tax exclusion from $3 million to $7 million under legislation introduced Monday in the state Senate.
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March 11, 2024
RI Sen. Bill Seeks Tax Credit For Donating Food To Nonprofits
A bill introduced in the Rhode Island Senate would provide an annual tax credit up to $5,000 for food donations to nonprofit organizations.
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March 08, 2024
Judge Questions A La Carte Approach To Juice Tax Refunds
Kroger and Safeway argued Friday that a plaintiff who accused them of illegally charging sales tax on juice could only seek refunds from a state agency, prompting a Washington appeals judge to ask whether customers would have to recoup payments "one juice box at a time."
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.