State & Local

  • February 23, 2024

    Tool Sales Not Wholesale Transactions, Miss. Justices Rule

    A tool seller in Mississippi was correctly assessed additional sales tax by the state's Department of Revenue as some of its transactions can't be considered wholesale because its customers directly used the items, the state high court ruled.

  • February 23, 2024

    NRA, LaPierre Found Liable For Misconduct In $6M Verdict

    A New York jury found Friday that the National Rifle Association, longtime CEO Wayne LaPierre and two other executives improperly used donor money, among other misconduct, ordering individual defendants to repay the gun rights group a total of $6.4 million.

  • February 23, 2024

    Mo. Floats Updated Filing, Withholding Rules For Partnerships

    The Missouri Department of Revenue on Friday proposed amendments to a partnership and S corporation regulation that specifies when annual returns must be filed and explains tax withholding requirements.

  • February 23, 2024

    Mo. Pitches Updates To Rule Outlining NOL Procedures

    The Missouri Department of Revenue proposed amendments Friday to a net operating loss regulation that explain how NOLs should be treated when they are disallowed for state income tax purposes and computed during corporate mergers.

  • February 23, 2024

    Md. Biz Groups Pan Combined Corporate Tax Reporting, Hikes

    A legislative proposal in Maryland to impose worldwide combined corporate tax reporting and raise other taxes while boosting some individual tax credits would discourage commerce and generate less revenue than promised, business representatives told lawmakers.

  • February 23, 2024

    Ala. Bill Seeks Lodging Tax On Full Charge By Intermediaries

    Online facilitators booking accommodations in Alabama would be required to collect and remit lodging taxes on the full charge for the rentals, including service fees and real property rentals, under legislation introduced in the Alabama House of Representatives

  • February 23, 2024

    Wis. Lawmakers OK Income Tax Cut Via Change To Brackets

    The Wisconsin Senate passed a bill that would expand the state's second-lowest individual income tax bracket to cover higher levels of income, sending the measure to the governor.

  • February 23, 2024

    SC Revenues Through Jan. Down $453M From Previous Year

    South Carolina general revenue collections from July through January were down $453 million compared with the same period last fiscal year, according to data released by the state Board of Economic Advisors.

  • February 23, 2024

    Minn. Bill Would Put Sales Tax Hike For Housing To Voters

    Minnesota voters would decide whether to amend their state constitution to boost the state sales tax rate by 0.375 percentage points, with the revenue dedicated to housing programs, under legislation introduced in the state Senate.

  • February 23, 2024

    With Interest, Trump Now Owes $454M For NY Valuation Fraud

    Donald Trump owes New York state nearly a half billion dollars after a county clerk on Friday tacked on $99 million in interest linked to a $355 million judgment in the state attorney general's civil fraud case against the former president last week.

  • February 23, 2024

    Ariz. Senate OKs Tax Credits To Counter Higher Min. Wages

    Arizona businesses in jurisdictions with local minimum wages higher than the state's could apply for tax credits to offset some of their labor costs under legislation passed by the state Senate.

  • February 23, 2024

    Mass. Tax Panel Grants Part Of Homeowner's Value Appeal

    The Massachusetts Appellate Tax Board said that the valuation of a single-family home should be slightly increased from the previous tax year because of rising home values in the neighborhood, but it determined that the local assessor's valuation was too high.

  • February 23, 2024

    Ga. Bill Would Exempt Diapers, Other Items From Sales Tax

    Georgia would exempt sales of diapers, child-rearing products and adult care items from tax as part of a bill introduced in the state House of Representatives.

  • February 23, 2024

    Taxation With Representation: Gibson Dunn, Wachtell

    In this week's Taxation with Representation, two asset managers invest in AITi Global, Chord Energy Corp. buys Enerplus Corp. and Truist sells an insurance subsidiary to an investor group led by private equity firms.

  • February 22, 2024

    Ex-HFZ Capital Chief Denies $86M Real Estate Fraud Charges

    The former head of troubled real estate firm HFZ Capital Group has pled not guilty in New York state court to dozens of criminal charges alleging he spearheaded a series of theft and tax fraud schemes that netted more than $86 million in total.

  • February 22, 2024

    La. Gov. Nixes Job Goals, Cuts Local Input For Biz Tax Breaks

    Louisiana manufacturers no longer need to create or retain jobs to qualify for a lucrative property tax abatement program under an executive order the state's governor released Thursday that also dilutes the input that local governments have over the incentives.

  • February 22, 2024

    NJ Tax Court Says Superior Court Can Hear Appeals

    New Jersey residents can pursue their third-party appeal of 2022 and 2023 property assessments in state Superior Court now that the state Tax Court no longer has jurisdiction, the Tax Court ruled.

  • February 22, 2024

    Minn. Tax Court Says Shipping Container Not A Homestead

    A Minnesota man who said he lived in a shipping container on a 40-acre piece of property was correctly denied a homestead exemption after failing to show the property was used for agricultural purposes, the state's tax court ruled.

  • February 22, 2024

    Wis. Co.'s Lack Of Evidence Dooms Appeal Before Tax Board

    A Wisconsin-based company can't continue its appeal of an additional sales and use tax assessment because a lease agreement and vendor statements weren't enough to support its petition, the state's tax commission said in a ruling released Thursday.

  • February 22, 2024

    US Can't Tax Ariz. Residents' Rebates From State, Court Told

    Arizona residents should not owe federal income tax on the state's one-time tax rebates issued last year because they were "general welfare" payments that federal guidance says are excluded from taxation, the state said in federal district court.

  • February 22, 2024

    Gallo Winery Qualifies For Lower NY Biz Tax Rate, ALJ Rules

    E.& J. Gallo Winery is eligible for a reduced business tax rate because it meets the requirements of a qualified New York manufacturer despite contracting a company to manage its property in the state, an administrative law judge said in a determination released Thursday.

  • February 22, 2024

    Va. Oil Terminal's Tax Value Upheld By Appeals Court

    A petroleum terminal was correctly valued by a local assessor at about $63 million for 2018 and $66 million for 2020, the Virginia Court of Appeals said, rejecting the owner's argument that the property's business prospects had plummeted, lowering its value.

  • February 22, 2024

    Sirius XM, NJ Settle $1.4M Tax Dispute Over Receipt Sourcing

    Sirius XM and New Jersey's tax agency agreed to settle the company's protest of a $1.4 million corporate tax assessment that centered on the proper method for sourcing receipts from services for tax years before the state switched to market-based sourcing.

  • February 22, 2024

    Mo. Bill Would Prohibit Local Food Sales Taxes

    Missouri would exempt retail sales of food from local sales tax as part of a bill introduced in the state House of Representatives.

  • February 22, 2024

    RI General Revenue Collection Beats Budget Estimates

    Rhode Island's total general revenues from July through January are $4 million higher than budget estimates, according to a report by the state's Department of Revenue.

Expert Analysis

  • 10 Considerations For Litigating A New York Tax Case

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    While some of New York’s recently adopted corporate tax regulations are likely to face legal challenges, aggrieved taxpayers should answer certain questions before deciding to embark on the tax litigation process, say Cyavash Ahmadi and Jeffrey Friedman at Eversheds Sutherland.

  • Revenue Agencies At Their Finest: SALT In Review

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    From a survey of the nation's best departments of revenue to baseball superstar Shohei Ohtani's creative free-agent contract, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

  • Law Firm Strategies For Successfully Navigating 2024 Trends

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    Though law firms face the dual challenge of external and internal pressures as they enter 2024, firms willing to pivot will be able to stand out by adapting to stakeholder needs and reimagining their infrastructure, says Shireen Hilal at Maior Consultants.

  • Attorneys' Busiest Times Can Be Business Opportunities

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    Attorneys who resolve to grow their revenue and client base in 2024 should be careful not to abandon their goals when they get too busy with client work, because these periods of zero bandwidth can actually be a catalyst for future growth, says Amy Drysdale at Alchemy Consulting.

  • How Attorneys Can Be More Efficient This Holiday Season

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    Attorneys should consider a few key tips to speed up their work during the holidays so they can join the festivities — from streamlining the document review process to creating similar folder structures, says Bennett Rawicki at Hilgers Graben.

  • 5 Trends To Watch In Property And Casualty Class Actions

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    In 2023, class action decisions have altered the landscape for five major types of claims affecting property and casualty insurers — total loss vehicle valuation, labor depreciation, other structural loss estimating theories, total loss vehicle tax and regulatory fees, and New Mexico's uninsured and underinsured motorist coverage sale requirements, say Mark Johnson and Mathew Drocton at BakerHostetler.

  • A Bold Idea And A Striking Disregard: SALT In Review

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    From a far-reaching proposal in Nebraska to a Minnesota government agency's disregard of case law, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

  • 5 Traps To Avoid When Selling CRE In Las Vegas Area

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    When dealing with commercial real estate in Clark County, Nevada — which includes the Las Vegas metro area — even sophisticated sellers may be ensnared by a myriad of tricky issues, ranging from transfer tax nuances to arbitration laws, says Chris Walther at Fennemore Craig.

  • How Clients May Use AI To Monitor Attorneys

    Excerpt from Practical Guidance
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    Artificial intelligence tools will increasingly enable clients to monitor and evaluate their counsel’s activities, so attorneys must clearly define the terms of engagement and likewise take advantage of the efficiencies offered by AI, says Ronald Levine at Herrick Feinstein.

  • The Pop Culture Docket: Judge D'Emic On Moby Grape

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    The 1968 Moby Grape song "Murder in My Heart for the Judge" tells the tale of a fictional defendant treated with scorn by the judge, illustrating how much the legal system has evolved in the past 50 years, largely due to problem-solving courts and the principles of procedural justice, says Kings County Supreme Court Administrative Judge Matthew D'Emic.

  • Breaking Down High Court's New Code Of Conduct

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    The U.S. Supreme Court recently adopted its first-ever code of conduct, and counsel will need to work closely with clients in navigating its provisions, from gift-giving to recusal bids, say Phillip Gordon and Mateo Forero at Holtzman Vogel.

  • Legal Profession Gender Parity Requires Equal Parental Leave

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    To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.

  • 'Manufacturing' Amid Mass. Adoption Of Single-Sales Factor

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    Massachusetts’ recent adoption of single-sales-factor apportionment will benefit companies that have a greater in-state physical presence, reinforce the importance of understanding market-sourcing rules, and reduce the manufacturing classification's importance to tax apportionment, though the classification continues to be significant to other aspects of taxation, say attorneys at McDermott.

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