State & Local
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March 21, 2024
Ohio Justices Urged To Reject Shoe Co.'s Tax Sourcing Claim
The Ohio Supreme Court should reject an apparel company's claim for a refund of gross receipts tax on shoes sold to an in-state distribution center because it didn't provide evidence showing the goods were later delivered outside Ohio, the state tax agency argued.
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March 21, 2024
Power Co. Asks Texas Justices To Let It Fix Appraisal Error
A Texas power company should be permitted to correct the value of its transmission lines listed on county appraisal rolls as the information provided to the appraiser wasn't accurate, the company's attorney told the state Supreme Court on Thursday.
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March 21, 2024
Trump's Mystery Docket: Inside NY's Secretive Filing System
The first criminal indictment of a former American president may have arrived in 21st century New York, but it landed in a court system stuck in the past — where the official record is a disorganized and incomplete mass of paper with no accounting of what's inside.
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March 21, 2024
SC Revenue Dept. Says Digital Textbooks Tax-Exempt
A company's sales of digital textbooks are exempt from sales and use tax because there is no distinction with the content of its physical textbooks, the South Carolina Department of Revenue said in a letter ruling.
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March 21, 2024
Tenn. Senate OKs $1.6B In Rebates In Corp. Tax Cut Plan
Tennessee would return about $1.6 billion in past corporate franchise taxes and cut the tax going forward under legislation approved Thursday by the state Senate as Democrats expressed concern over the funding of the package.
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March 21, 2024
NY High Court Says Lease To For-Profit Co. Nixes Tax Break
A nonprofit organization's property that is leased to a for-profit dialysis center isn't eligible for a property tax exemption, New York's highest court ruled Thursday, finding the center's medical services were too far removed from the nonprofit's mission of fundraising to support healthcare.
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March 21, 2024
Minn. Tax Info Bill Violates Privacy, Biz Groups Tell Sen. Panel
Corporations doing business in Minnesota would be harmed by disclosure of state tax information under proposed legislation, business groups told a state Senate panel.
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March 21, 2024
DA Rips Trump For 'Wild' Accusations Over Late Documents
The Manhattan district attorney is pushing back on claims of misconduct from former President Donald Trump's legal team as the two sides spar over the late production of thousands of pages of documents that have cast doubt on the timing of his hush-money trial.
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March 21, 2024
Kan. House Advances Republican Budget, Kills Amendment
Kansas House Republicans advanced a bill that would enact a budget for 2025 but struck down a Democratic amendment that would have added Democratic Gov. Laura Kelly's proposed property tax relief.
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March 21, 2024
Quintairos Prieto Taps Atlanta Atty To Lead New Tax Group
Quintairos Prieto Wood & Boyer PA said it had created a tax division that will be led by an Atlanta-based partner who has guided clients on civil and criminal tax law, reinforcing its national expertise in litigation, regulatory and corporate law matters.
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March 21, 2024
La. House OKs Sales Tax Exemption For Eye Medications
Louisiana would expand a local sales tax exemption to include prescriptions used to treat eye-related conditions as part of a bill passed unanimously by the state House of Representatives.
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March 20, 2024
NY AG Scoffs At Trump's Claim Of 'Impossible' $465M Bond
The New York Attorney General's office on Wednesday disputed Donald Trump's claim that posting bond while he appeals a $465 million civil fraud judgment is a "practical impossibility," arguing the former president and his business empire haven't exhausted all avenues.
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March 20, 2024
NY High Court Revives Suit Against NYC Property Taxes
A lawsuit challenging the fairness of New York City's property tax system lives on, with New York's highest court finding a group's complaint sufficiently pleads causes of action against the city for violations of New York's Real Property Tax Law and the federal Fair Housing Act.
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March 20, 2024
How The Supreme Court Could Narrow Chevron
After hours of oral argument in a closely watched administrative law case, it appeared that some U.S. Supreme Court justices could be open to limiting the opportunities for lower courts to defer to federal agencies' legal interpretations in disputes over rulemaking — and legal experts said there are a number of ways they could do it.
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March 20, 2024
IRS Withholding Docs On Partnership Audits, Baker Atty Says
The Internal Revenue Service has not responded to a request for documents pertaining to the agency's scrutiny of large partnerships and should be forced to disclose them, an attorney with Baker McKenzie told a D.C. federal court.
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March 20, 2024
Breaking Down Each State's Climate Priority Policies
Forty-five states have now completed climate action plans outlining how they'll advance federal climate goals through policy and programs in coming years, with most focusing at least in part on real estate development as a way to reduce emissions.
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March 20, 2024
Law360 Announces The Members Of Its 2024 Editorial Boards
Law360 is pleased to announce the formation of its 2024 Editorial Advisory Boards.
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March 20, 2024
King & Spalding Adds Ex-PwC Tax Pro As Partner In NY
An experienced tax attorney has joined King & Spalding LLP in New York after working at PricewaterhouseCoopers LLP for six years.
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March 19, 2024
Chicago Voters Nix Tiered Rates On Real Estate Transfer Tax
Chicago voters rejected a contentious referendum Tuesday night that would have authorized the city to impose tiered real estate transfer tax rates including an increase for properties sold at $1 million and higher.
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March 19, 2024
Iowa Proposed Constitutional Amendment Seeks Flat Tax
Iowa would prohibit a graduated income tax rate and require corporate or individual income tax increases to be passed with a two-thirds vote under a proposed constitutional amendment introduced in the state House of Representatives.
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March 19, 2024
NJ Updates Compliance With Tax Pact
The New Jersey Division of Taxation readopted and amended regulations to maintain its compliance with the Streamlined Sales and Use Tax Agreement, the division announced Tuesday.
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March 19, 2024
10th Circ. Told Colo. Tax Ballot Title Law Flouts Constitution
A Colorado law requiring that financial impacts be included in the titles of some tax-related ballot initiatives is unconstitutional and should be overturned, a conservative group told the Tenth Circuit on Tuesday.
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March 19, 2024
NC Panel Rules Nonprofit Not Entitled To Tax Exemption
A North Carolina manufactured home community doesn't qualify for a charitable tax exemption because providing land for housing units isn't considered equivalent to providing affordable housing for low-income individuals, the state appeals court ruled Tuesday.
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March 19, 2024
AT&T Entity Challenges $78.5M R&D Tax Credit Denial In NJ
New Jersey's tax agency improperly denied an AT&T entity's attempt to carry forward nearly $78.5 million in research and development tax credits from closed tax years to an open tax year, the company argued in the state Tax Court.
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March 19, 2024
Ind. Board Finds Hobby Lobby Church Property Tax-Exempt
An Indiana church property that is owned by retailer Hobby Lobby and leased to a religious organization should be granted a property tax exemption, the state Board of Tax Review determined.
Expert Analysis
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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.
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Kentucky Tax Talk: What's Next For Bourbon Barrel Revenue
By creating the Bourbon Barrel Taxation Task Force to help Kentucky regain a competitive edge in the state’s signature industry, the General Assembly has recognized the need to lessen the burden on distillers without causing detrimental harm to local revenue, say attorneys at Frost Brown.
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Tax Credits For Empty Garages In Calif.: SALT In Review
RSM's David Brunori offers his thoughts on noteworthy state and local tax news, starting with California's planned tax credits for households without cars.
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CORRECTED: New Tax Credits For Renewables Should Offer Investors Relief
The Inflation Reduction Act's changes to tax credits for renewable energy projects should finally liberate tax equity investors from the restraints of the complex and onerous federal anti-abuse regime, says Kay Hobart at Parker Poe. Correction: Because of an editing error, a previous version of this article incorrectly characterized tax enforcement regimes in North Carolina and other states. This error has been corrected.
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P.L. 86-272 And Tax Cuts Here And There: SALT In Review
From California's interpretation of P.L. 86-272 to calls for tax cuts in Idaho and North Dakota, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Unpacking The New Stock Buyback Tax And Its Exceptions
Xenia Garofalo and Kyle Colonna at Eversheds Sutherland discuss provisions of the recently enacted tax on corporate stock repurchases, how its exceptions may be applied and what companies should consider when evaluating the cost of new or existing programs.
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Mass. Retroactivity, Still, And Calif. Gases: SALT In Review
From Massachusetts' continuing pursuit of a retroactive tax to a California proposal to fight greenhouse gas emissions at the expense of the wealthy, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Ohio Tax Talk: Telework Case Shows Tax Grounds Eroding
The Ohio Supreme Court case Schaad v. Alder, which considers a city's right to temporarily tax remote workers during the pandemic, highlights how sustained increases in telework may undermine the rationale allowing municipalities to tax employee income regardless of their residence, say Yazan Ashrawi and Raghav Agnihotri at Frost Brown.
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Digital Ads In NM And Farms In NJ: SALT In Review
From New Mexico's proposed rules on digital advertising to New Jersey's move toward relief for farmers, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.