CenterPoint Properties Trust asked an Illinois state judge on Friday to toss a local village's lawsuit, contending the Chicago suburb has its facts wrong in attempting to unwind a more than decade-old tax increment financing deal for a $1 billion industrial and transportation project.
The Florida Bankers Association and the Texas Bankers Association hit the U.S. Department of Treasury with a suit in Washington, D.C., federal court on Thursday, challenging the agency’s new regulations requiring commercial banks and savings associations to share nonresident aliens depositors’ personal information with the Internal Revenue Service, saying the change would pose significant security concerns.
The Florida Senate Appropriations Committee approved a bill Thursday that would eliminate a tax rebate for insurers worth $230 million annually in order to offset the bill's reduction in state vehicle registration fees, despite industry representatives' claims that the rebate is an important incentive and job creator.
The Florida Senate Appropriations Committee on Thursday passed a bill essential to the Miami Dolphins football franchise's efforts to modernize Sun Life Stadium, sending it to the Senate floor after tacking on a major amendment that would establish a system for all stadium funding requests in the state.
A Texas appeals court on Thursday rejected a constitutional challenge to a state law that exempts economic development organizations from paying property taxes, saying a Realtors group is entitled to a tax break because it provides a benefit to its community.
A bipartisan cohort of senators pressed the Internal Revenue Service on Tuesday to bring its data collection policy in line with the nation's modern electronic communication habits, faulting the agency for acquiring old emails and other digital correspondence from taxpayers without a warrant.
Leadership in the city of Houston voted Wednesday to move forward with a $23 million lawsuit against BP PLC over tax losses the city sustained as a result of the Deepwater Horizon disaster.
A New York grand jury on Thursday indicted a Swiss bank executive and an attorney on charges of conspiracy for allegedly helping U.S. taxpayers hide millions in undeclared income in offshore bank accounts at Bank Frey & Co. AG.
The Internal Revenue Service on Monday clarified when it will consider a renewable energy project to have started and thus be eligible for certain tax credits that can span a decade, offering wind power developers a significant helping hand along with incentives to start construction now, experts say.
A Florida appeals court on Tuesday refused to reconsider its ruling in favor of a group of online travel companies in their battle against Florida counties over how to apply the state's bed tax, but sent the issue to the state's high court.
A New York State Senate panel on Tuesday approved a Cuomo administration-backed bill to extend through 2023 a program that seeks to foster the growth of solar power use in the Empire State and gives tax credits to solar and energy storage manufacturing facilities.
Texas Gov. Rick Perry on Monday upped the ante in his effort to make the state even more business-friendly, pushing lawmakers to adopt nearly $1.6 billion in tax relief for all Texas businesses subject to the state's franchise tax.
The justices of the U.S. Supreme Court on Monday wrestled with the question of whether a defendant's guilty plea should always be tossed when a judge participates in plea talks, noting that while such participation may prejudice defendants, a blanket rule could unduly rein in judges.
A New York federal judge on Monday threw out two suits, one a proposed class action alleging the City of New York, The Bank of New York Mellon and others violated the U.S. Constitution with the method the city used to assert tax liens and foreclose on properties.
The U.S. House of Representatives unanimously passed a bill Monday that would prevent the U.S. government from contracting with companies that owe unpaid taxes.
Investors are increasingly voicing concerns about the growing number of nontraditional real estate companies converting to real estate investment trusts, but legal experts say that while regulators have their eyes on the trend, they'll likely keep their hands off the well-established REIT code for the foreseeable future.
A New Jersey company snared last year in a broad federal probe into the rigging of municipal tax lien auctions will shoulder a $15,000 fine and two years of probation for its part in the conspiracy, sources said Monday.
The chairman of a House oversight subcommittee on Thursday pushed the Internal Revenue Service to detail its policy on searching taxpayer emails and social media profiles during criminal investigations, following claims that the agency is routinely accessing electronic communications without a warrant.
Houston is considering expanding a tax reinvestment zone to fund a $556 million plan to create new rapid bus transit lanes and to reforest a local park devastated by local droughts, according to a funding proposal unveiled by the city’s mayor on Thursday.
A Pennsylvania appeals court on Thursday rejected a former H&R Block employee’s countersuit alleging the tax services giant wrongfully fired her and denied her bonuses, commissions and overtime, saying H&R Block properly enforced its employment agreement.