State & Local
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February 21, 2025
Ohio Board Rejects Dollar Bank's Apportionment Challenge
The Ohio Board of Tax Appeals ruled that it couldn't allow Dollar Bank to obtain a financial institutions tax refund by applying an alternative apportionment method, saying the board lacked jurisdiction to address the company's constitutional challenge to the tax's structure.
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February 21, 2025
The Tax Angle: ABA Midyear Tax Meeting
With a lack of government officials attending the American Bar Association's midyear tax meeting, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
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February 21, 2025
Calif. Sourcing Rules Ready To Drop, But Questions Remain
A key set of market-based sourcing rules for California is finally nearing completion after eight years of work, but significant questions remain as to how they will be administered, including whether they can be applied retroactively.
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February 21, 2025
W.Va. Senate Bill Seeks To Exclude Tips From Taxes
West Virginia would allow residents to deduct tipped wages from their federal adjusted gross income under a bill introduced in the state Senate.
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February 21, 2025
Md. Senate OKs Tax Break For Service Station Conversions
Certain retail service stations in Maryland converted to other uses would be eligible for local property tax breaks under legislation approved by the state Senate and sent to the House.
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February 21, 2025
DLA Piper Tax Attorney Jumps To Vedder Price In Chicago
Vedder Price PC has expanded its Chicago office with the addition of a skilled tax attorney who brings nearly 30 years of experience, most recently with DLA Piper.
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February 21, 2025
Ariz. House Panel OKs Transient Privilege Tax Reduction
Arizona would decrease its transient privilege tax for some classifications and lower its income tax rate for estates, trusts and small businesses under a bill advanced by the state House Ways and Means Committee.
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February 21, 2025
Taxation With Representation: Kirkland, V&E, Cravath, Dechert
In this week's Taxation With Representation, Diamondback Energy buys Midland Basin assets from another oil and natural gas company, GTCR closes its second strategic growth fund, Light & Wonder Inc. buys Grover Gaming's assets, and Barings acquires Artemis Real Estate Partners.
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February 21, 2025
Minn. Bill Seeks Sales Tax Break For Large-Scale Data Centers
Minnesota would allow a sales tax break for certain data centers promising investments of at least $250 million in the state under legislation introduced in the House.
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February 21, 2025
Minn. House Bill Seeks Tax Exemption For Tip Income
Tip income would be exempt from Minnesota individual income tax under legislation in the state House of Representatives.
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February 21, 2025
Colo. House Panel OKs Privacy Rules For Sales Tax Audits
Colorado would enhance its rules to protect the confidentiality of taxpayer information held by third-party sales tax auditors, with possible misdemeanor charges for violations, under legislation approved by a House panel.
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February 21, 2025
SD Updates Tax Law References To Internal Revenue Code
South Dakota updated references in its tax statutes to the current Internal Revenue Code under a bill signed by the governor.
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February 20, 2025
Biz Groups Pan Worldwide Reporting In Md. Tax Package
Worldwide combined reporting for corporations in Maryland, along with other provisions in a legislative tax proposal, would discourage business investment in the state, business groups told a state House panel Thursday.
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February 20, 2025
Miss. Senate Panel Advances Cuts To Income, Grocery Taxes
Mississippi would cut its flat individual income tax rate by roughly a percentage point over the next five years and reduce the state grocery tax as part of a state Senate tax plan advanced by the chamber's Finance Committee Thursday.
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February 20, 2025
NY Deli Owes Sales Tax On Party Platters, Tribunal Says
A New York deli owes sales tax on its sales of party platters because the platters were considered prepared foods, the state Tax Appeals Tribunal said in a decision released Thursday.
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February 20, 2025
NY Expands Local Power To Give Storm Damage Tax Breaks
New York state expanded municipalities' authority to provide property tax breaks to owners of property damaged by severe storms and other natural disasters by allowing that relief to be granted for small business' property as part of a bill signed by Gov. Kathy Hochul.
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February 20, 2025
Colo. House Panel OKs Employee Ownership Tax Breaks
Colorado would offer tax deductions to businesses that convert to being employee-owned under a bill passed by a committee in the state House of Representatives.
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February 20, 2025
Fla. Senate Bill Seeks Study On Eliminating Property Taxes
A Republican Florida state senator filed legislation that would require a state agency to study the prospects of eliminating property taxes in exchange for levying additional state and local sales taxes.
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February 20, 2025
Hawaii Tax Revenues In Jan. Down $171M From Last Year
Hawaii's total tax revenues in January fell $171 million compared with the same month last year, according to data released Thursday by the state's Department of Taxation.
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February 20, 2025
Kan. Senate Bill Seeks Tax Subtraction For Tips
Kansas would allow taxpayers to subtract up to $25,000 in tips from their taxable income under a bill introduced in the state Senate.
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February 20, 2025
Ariz. House Bill Seeks Minimum Corporate Income Tax
Arizona would impose a minimum corporate income tax for companies that have at least 50 employees under a bill introduced in the state House of Representatives.
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February 20, 2025
Tenn. Revenues Through Jan. Beat Budget Forecasts By $6M
Tennessee's general revenue collection from August through January outpaced budget forecasts by $6 million, according to a report from the state's Department of Finance and Administration.
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February 20, 2025
Ark. Senate Bill Would Lower Minimum Corp. Franchise Tax
Arkansas would reduce its minimum corporate franchise tax rate by $50 under a bill introduced in the state Senate.
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February 20, 2025
Ark. House Bill Would Increase Homestead Tax Credit
Arkansas would increase its homestead tax credit by $100 under a bill introduced in the state House of Representatives.
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February 19, 2025
NY Vows To Fight Trump's Bid To Kill Congestion Pricing
New York officials vowed to continue implementing congestion pricing after the Trump administration moved to kill the program Wednesday, teeing up an intense legal battle by swiftly launching a counterattack in federal court to preserve the tolls on all vehicles entering Manhattan's busiest corridor.
Expert Analysis
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6 Pointers For Attys To Build Trust, Credibility On Social Media
In an era of information overload, attorneys can use social media strategically — from making infographics to leveraging targeted advertising — to cut through the noise and establish a reputation among current and potential clients, says Marly Broudie at SocialEyes Communications.
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A Post-Mortem Analysis Of Stroock's Demise
After the dissolution of 147-year-old firm Stroock late last year shook up the legal world, a post-mortem analysis of the data reveals a long list of warning signs preceding the firm’s collapse — and provides some insight into how other firms might avoid the same disastrous fate, says Craig Savitzky at Leopard Solutions.
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How 3 New Laws Change Calif. Nonprofits' Legal Landscape
Legislation that went into effect on Jan. 1 should be welcomed by California’s nonprofit organizations, which may now receive funding more quickly, rectify past noncompliance more easily and have greater access to the states’ security funding program, say Casey Williams and Brett Overby at Liebert Cassidy.
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SG's Office Is Case Study To Help Close Legal Gender Gap
As women continue to be underrepresented in the upper echelons of the legal profession, law firms could learn from the example set by the Office of the Solicitor General, where culture and workplace policies have helped foster greater gender equality, say attorneys at Ocean Tomo.
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Thinking Big And Soaking The Rich: SALT In Review
From a bold and broad tax plan in Louisiana to proposed legislation targeting the well-to-do in Rhode Island and Michigan, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Reimagining Law Firm Culture To Break The Cycle Of Burnout
While attorney burnout remains a perennial issue in the legal profession, shifting post-pandemic expectations mean that law firms must adapt their office cultures to retain talent, say Kevin Henderson and Eric Pacifici at SMB Law Group.
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High Court Case Could Reshape Local Development Fees
If last month's oral arguments are any indication of how the U.S. Supreme Court will rule in Sheetz v. County of El Dorado, it's unlikely the justices will hold that the essential nexus and rough proportionality tests under the cases of Nollan, Dolan and Koontz apply to legislative exactions, but a sweeping decision would still be the natural progression in the line of cases giving property owners takings claims, says Phillip Babich at Reed Smith.
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Nebraska Should Abandon Proposed Digital Ad Tax
If passed, Nebraska’s recently proposed Advertising Services Tax Act, which would finance property tax relief by imposing a 7.5% gross revenue tax on advertising services, would cause a politically risky shift of tax burdens from landowners to local businesses and consumers, and would most certainly face litigation, say attorneys at McDermott.
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The Legal Industry Needs A Cybersecurity Paradigm Shift
As law firms face ever-increasing risks of cyberattacks and ransomware incidents, the legal industry must implement robust cybersecurity measures and privacy-centric practices to preserve attorney-client privilege, safeguard client trust and uphold the profession’s integrity, says Ryan Paterson at Unplugged.
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As Promised, IRS Is Coming For Crypto Tax Evaders
The IRS is fulfilling its promise to crack down on those who have neglected to pay taxes on cryptocurrency earnings, as demonstrated by recently imposed prison sentences, enforcement initiatives and meetings with international counterparts — suggesting a few key takeaways for taxpayer compliance, say attorneys at BakerHostetler.
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5 Reasons Associates Shouldn't Take A Job Just For Money
As a number of BigLaw firms increase salary scales for early-career attorneys, law students and lateral associates considering new job offers should weigh several key factors that may matter more than financial compensation, say Albert Tawil at Lateral Hub and Ruvin Levavi at Power Forward.
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The Pop Culture Docket: Judge Djerassi On Super Bowl 52
Philadelphia Court of Common Pleas Judge Ramy Djerassi discusses how Super Bowl 52, in which the Philadelphia Eagles prevailed over the New England Patriots, provides an apt metaphor for alternative dispute resolution processes in commercial business cases.
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Envy, Regressivity And Other Sins: SALT In Review
From a California official's remarks on a star athlete's contract to another study documenting the regressivity of tax policies across the land, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.