State & Local

  • 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.

  • 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. 

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • March 19, 2024

    Md. House OKs Special Tax Rates For Vacant Property

    Maryland would let the Baltimore city council and county governments in the state impose special tax rates on vacant or abandoned property under a bill passed by the House of Delegates.

  • March 19, 2024

    Tenn. Committee OKs Franchise Tax Overhaul, $1.6B Rebate

    Tennessee would revise its franchise tax and rebate about $1.6 billion in past payments under legislation approved Tuesday by a Senate committee over objections from the lone opponent on the panel that its funding mechanism was not clear.

  • March 19, 2024

    Ind. Tax Board Upholds Hotel's Valuation For Pandemic Years

    A Holiday Inn-branded hotel was correctly valued by a local assessor, the Indiana Board of Tax Review determined after agreeing that the assessor's valuation better reflected the market conditions of the area during the COVID-19 pandemic.

  • March 19, 2024

    Colo. Panel OKs Expanding Historic Structure Tax Credit

    Colorado would expand its tax credit for preservation of historic structures, reducing the age requirement for the properties, postponing the sunset of the credit and making other changes under legislation passed by the state House panel.

  • March 19, 2024

    Md. House OKs Property Tax Credits For Residential Projects

    Local governments in Maryland would be authorized to grant property tax credits for certain hotel and residential developments that include affordable housing under legislation approved by the state House of Delegates.

  • March 19, 2024

    Utah Approves Income Tax Rate Cut

    Utah's flat income tax rate will drop from 4.65% to 4.55% under a bill signed into law.

  • March 19, 2024

    Minn. House OKs Retroactive NOL Deduction Fix

    Minnesota would retroactively delay the effective date of a cut to its allowable income tax deduction for net operating losses under legislation passed by the state House of Representative to correct an error in previous legislation.

  • March 19, 2024

    Md. House OKs Replacing EV Tax Credit With Rebate

    The Maryland House of Delegates passed a bill that would repeal the state's electric vehicle excise tax credit and replace it with a rebate.

  • March 18, 2024

    Trump Can't Use Quasi-Advice Of Counsel Defense In NY Trial

    Donald Trump cannot use an informal "presence of counsel" defense in the Manhattan district attorney's hush money case against him, a New York judge ruled Monday, rejecting a strategy that would have allowed the former president to blame his ex-attorneys without having to divulge details about the purported legal advice.

  • March 18, 2024

    Amazon Loses Rehearing Bid In $12.5M SC Sales Tax Dispute

    Amazon does not merit a rehearing of a South Carolina appeals court panel ruling that the online retail giant owes the state $12.5 million in sales tax for marketplace sales made before the landmark Wayfair decision, the panel said Monday.

  • March 18, 2024

    NY Gov. Audits Pot Regulator After Troubled Rollout

    New York Gov. Kathy Hochul on Monday announced an audit of the Empire State's embattled cannabis regulator to address the rocky implementation of the adult-use marijuana market, which has been plagued by delays, litigation and an explosion of unlicensed sellers.

  • March 18, 2024

    NJ Assembly OKs Easing Biz Tax Credit Rules

    New Jersey would permanently relax the on-site employee location requirements for businesses claiming certain tax credits or grants as part of a bill passed Monday by the state Assembly.

  • March 18, 2024

    La. Tax Board Says Grainger Must Give Info On Other Protests

    Industrial manufacturing and services company W.W. Grainger must provide documents relating to administrative protests in other states as it disputes its Louisiana corporate tax liability, the state Board of Tax Appeals ruled.

  • March 18, 2024

    Ariz. Rebates Trigger Federal Tax, IRS Tells Court

    Arizona's one-time 2023 payments to taxpayers are subject to federal taxation because they do not qualify for exclusions for general welfare or disaster relief payments, the Internal Revenue Service told a federal court.

  • March 18, 2024

    DirecTV Freed From Local Louisiana Tax On Video Sales

    Louisiana state law bars a host of local governments from assessing sales taxes on DirecTV's sales of video-on-demand and pay-per-view content to subscribers, the state Board of Tax Appeals ruled, saying the transactions qualified as tax-exempt services.

  • March 18, 2024

    La. Board Says T-Mobile Unit Can Seek Refund For Affiliate

    A T-Mobile entity can pursue a $2.1 million sales tax refund claim in Louisiana on behalf of an affiliate because an agency relationship exists between the two, the state Board of Tax Appeals ruled.

  • March 18, 2024

    NJ Tax Collection Through Feb. Down $396M From Last Year

    New Jersey's revenue collections from July through February declined by $396 million, or 1.5%, from the same period in the last fiscal year, the state Department of the Treasury said Monday in a monthly report.

  • March 18, 2024

    Ore. Tax Court Rejects Valuation Corrections By County

    The Oregon Tax Court agreed with a residential property owner that a county assessor's corrections of a valuation due to errors were not valid, restoring the valuation to the property's real market value before the corrections.

Expert Analysis

  • Looking Behind The Curtain Of Residential Transition Loans

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    As residential transition loans and securitizations of such loans grow increasingly popular, real estate stakeholders should take care to understand both the unique features and potential challenges offered by this novel asset class, say attorneys at Mayer Brown.

  • Where Tax Policies Go Wrong: SALT In Review

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    RSM's David Brunori reviews the worst tax policies employed by state and local governments, then critiques recent tax developments in Oregon, New York and Boston.

  • Mallory Opinion Implicitly Overturned NC Sales Tax Ruling

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    The U.S. Supreme Court recently declined to review Quad Graphics v. North Carolina Department of Revenue, but importantly kicked the legs from under Quad's outcome a week later, stating in its Mallory decision that the high court has the prerogative to overrule its own decisions, says Richard Pomp at the University of Connecticut.

  • Delicious In Conn., Less Tasty In La.: SALT In Review

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    From Connecticut reducing its beer tax to Louisiana retaining its franchise tax, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

  • Review Of Repatriation Tax Sets Justices On Slippery Slope

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    The U.S. Supreme Court’s recent decision to review the constitutionality of the repatriation tax in Moore v. U.S. has implications for many tax rules involving unrealized amounts and could leave the court on the brink of invalidating large swaths of the Internal Revenue Code, say attorneys at Eversheds Sutherland.

  • How To Avoid A Zombie Office Building Apocalypse

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    With national office vacancy rates approaching 20%, policymakers, investors and developers will need to come together in order to prevent this troubling trend from sucking the life out of business districts or contaminating the broader real estate market, say Ryan Sommers and Robyn Minter Smyers at Thompson Hine.

  • Ohio Tax Talk: Building On Federal Affordable Housing Credit

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    Ohio's soon-to-be-implemented low-income housing tax credit could significantly affect the state's affordable housing landscape and influence tax-credit deal financing for these projects, though Senate changes may have dampened the new credit's immense potential, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • Holding These Truths Incontrovertible: SALT In Review

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    RSM's David Brunori offers his thoughts on noteworthy state and local tax news, beginning with "almost irrefutable" observations delivered at a recent tax seminar.

  • LA's High-Value Real Estate Transfer Tax Should Be Scrapped

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    Los Angeles’ recently implemented high-value property transfer tax has chilled the real estate market, is failing to meet revenue expectations and raises significant constitutional concerns, making it a flawed piece of legislation that should be invalidated, says attorney Paul Weinberg.

  • Avoiding Negative Tax Consequences In Loan Modifications

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    Borrowers who may be caught in the dramatic uptick in nonperforming commercial real estate loans should consider strategies to avoid income and capital gains tax that may be triggered by loan modifications, says Aman Badyal at Glaser Weil.

  • Chapter 100 Incentives Can Offer Relief For Mo. Solar Projects

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    Although the Missouri Supreme Court's decision last year in Johnson v. Springfield Solar 1 overturned the state's tax exemption for solar energy systems, solar developers may still be able to use other mechanisms, like Chapter 100 incentives, to offset project costs, say Lizzy McEntire and Anna Kimbrell at Husch Blackwell.

  • Now Is The Time For State And Local Sales Tax Simplification

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    In the five years since the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair, state and local governments increasingly rely on sales tax, but simple changes are needed to make compliance more manageable for taxpayers, wherever located, without unduly burdening interstate commerce, says Charles Maniace at Sovos.

  • Connecticut Tax Cuts And Missouri Movies: SALT In Review

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    From income tax cuts in Connecticut to film tax credits in Missouri, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

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