State & Local
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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.
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February 19, 2025
Mo. Senate Panel Advances Plan For Scrapping Income Tax
A Missouri Senate committee advanced a proposal Wednesday that would ask voters to approve eliminating the state's personal income tax and phasing out its corporate income tax in exchange for an expanded sales tax base with a lower general rate.
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February 19, 2025
Wis. Gov. Unveils Budget With Property Tax Freeze Option
Wisconsin's governor unveiled a proposed 2025-2027 budget, including $2 billion in property tax relief, a new tax bracket for income over $1 million and the elimination of income tax on tips.
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February 19, 2025
Ariz. House OKs Sales Tax Location Clarification
Arizona would clarify the location of online transactions for sales tax purposes and specify that the site of computer servers used in a transaction does not determine its location under legislation passed by the state House.
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February 19, 2025
Pa. Justices Say Sales Tax Isn't Commerce Under State Law
Collecting sales tax is not part of a commercial transaction even if it occurs at the same time as that transaction, according to a Wednesday ruling from the Pennsylvania Supreme Court in a suit accusing American Eagle and other retailers of charging wrongful taxes on face masks.
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February 19, 2025
Maine Biz Income Sourcing Proposal Ambiguous, Groups Say
Maine Revenue Services' proposed amendment of its corporate income tax sourcing rules to clarify that receipts from services are sourced to where they are acquired or experienced instead of where they are received would increase ambiguity in the tax code, critics said Wednesday.
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February 19, 2025
La. Court Orders New Trial In Museum's Hotel Tax Break Case
A Louisiana board that allowed a property tax exemption for a hotel operated by the nonprofit National World War II Museum should have held a new trial after evidence surfaced that the hotel was more profitable than previously disclosed, a state appeals court ruled.
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February 19, 2025
Minn. Bill Seeks Vote For Property Owners On Local Taxes
Certain Minnesota residents could vote on local ballot measures affecting the taxation of properties they own regardless of whether they live in the taxing district involved if state voters approve a constitutional amendment proposed in legislation in the House.
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February 19, 2025
Ky. Bill Seeks To Replace Tax Appeals Board With Tribunal
Kentucky would create a tribunal with authority over all state and local tax disputes, replacing the state's Board of Tax Appeals, under a bill introduced in the state House of Representatives.
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February 19, 2025
Ill. Dept. OKs Quantum Computing Building Tax Credit Regs
Illinois individual and corporate taxpayers may claim income tax credits for a portion of wages paid to workers employed in the construction of quantum computing campus facilities, the state Department of Revenue said in adopted regulatory amendments.
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February 19, 2025
Minn. Bill Seeks Bank Tax Break For Commercial Loans
Minnesota would allow financial institutions to take a tax subtraction for their income from certain commercial loans under legislation introduced in the state House.
Expert Analysis
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Litigation Inspiration: A Source Of Untapped Fulfillment
As increasing numbers of attorneys struggle with stress and mental health issues, business litigators can find protection against burnout by remembering their important role in society — because fulfillment in one’s work isn’t just reserved for public interest lawyers, say Bennett Rawicki and Peter Bigelow at Hilgers Graben.
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Think Like A Lawyer: Forget Everything You Know About IRAC
The mode of legal reasoning most students learn in law school, often called “Issue, Rule, Application, Conclusion,” or IRAC, erroneously frames analysis as a separate, discrete step, resulting in disorganized briefs and untold obfuscation — but the fix is pretty simple, says Luke Andrews at Poole Huffman.
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How New EU Tax And Transfer Pricing Rules May Affect M&A
Companies involved in mergers and acquisitions may need to adjust fiscal due diligence procedures to ensure they consider potential far-reaching effects of newly implemented transfer pricing measures, such as newly implemented global minimum tax and European Union anti-tax avoidance directives and proposals, says Patrick Tijhuis at BDO.
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How Firms Can Ensure Associate Gender Parity Lasts
Among associates, women now outnumber men for the first time, but progress toward gender equality at the top of the legal profession remains glacially slow, and firms must implement time-tested solutions to ensure associates’ gender parity lasts throughout their careers, say Kelly Culhane and Nicole Joseph at Culhane Meadows.
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NY Shouldn't Pair 421-a Restoration And Good Cause Eviction
The good cause eviction system of rent control should not be imposed in New York, nor should its legislation be tied to renewal of the 421-a tax abatement program, which New York City desperately needs, says Alexander Lycoyannis at Holland & Knight.
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7 Common Myths About Lateral Partner Moves
As lateral recruiting remains a key factor for law firm growth, partners considering a lateral move should be aware of a few commonly held myths — some of which contain a kernel of truth, and some of which are flat out wrong, says Dave Maurer at Major Lindsey.
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DC's Housing Tax Break Proposal: What's In It, What's Missing
Proposed Washington, D.C., rules implementing the Housing in Downtown Tax Abatement program — for commercial property owners who convert properties into residential housing — thoroughly explain the process for submitting an application, but do not provide sufficient detail regarding the actual dollar value of the abatements, says Daniel Miktus at Akerman.
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Location, Location, Location: SALT In Review
From a possible replacing of Florida's property tax to Cincinnati's taxing of remote workers, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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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.