State & Local

  • March 22, 2024

    Colo. Foreign Students Not Residents, Tax Dept. Says

    A foreign student, intern or trainee temporarily in Colorado would not be considered domiciled in Colorado under the state's six-month rule and would not need to pay the state's income tax, the state tax department said.

  • March 22, 2024

    NH Senate OKs Creating Formula For Property Tax Caps

    New Hampshire would establish a formula adjusting local property tax caps to take into consideration inflation and population growth as part of a bill passed by the state Senate.

  • March 22, 2024

    Wis. Exempts Bullion With Precious Metals From Sales Tax

    Wisconsin is creating a sales tax exemption for coins, bars and other items that contain a certain amount of precious metals as part of a bill signed by the governor.

  • March 21, 2024

    La. House Tax Writers Advance Cuts To Severance Tax Rates

    Louisiana would reduce its standard severance tax rate by 4 percentage points over eight years and cut its tax rate on inactive and orphan wells in half starting this year under two bills the state House of Representatives' tax-writing committee approved.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • What Came Of Texas Legislature's Long-Promised Tax Relief

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    Following promises of historic tax relief made possible by a record budget surplus, the Texas legislative session as a whole was one in which taxpayers that are large businesses could have done somewhat better, but the new legislation is clearly still a positive, say attorneys at Baker Botts.

  • 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.

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