State & Local
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January 22, 2025
Hawaii House Bill Would Mandate Combined Reporting
Hawaii would mandate worldwide combined reporting under a bill introduced in the state House of Representatives.
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January 22, 2025
Ariz. Bill Seeks Ballot Measure To Cut Income Tax Rate
Arizona would ask voters in 2026 whether to cut the state's flat income tax rate from 2.5% to 2% under a House resolution.
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January 22, 2025
Minn. Bill Seeks Cap On Property Value Increases
Minnesota would impose a 3% annual cap on the increase in the assessed market value of a residential property under legislation in the state Senate.
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January 22, 2025
Minn. Bill Would Expand Sales Tax Break For Baby Items
Minnesota would expand its existing sales and use tax exemption for baby products to include car seats, cribs and changing tables under legislation introduced in the state Senate.
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January 22, 2025
Minn. Senate Bill Seeks Income Tax Break For Med Costs
Minnesota would allow its tax filers to subtract uncompensated medical care and health insurance costs from their state taxable income under legislation introduced in the state Senate.
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January 21, 2025
Hochul Pitches Shifts To Partnership Filing Rules, Entity Taxes
New York would push back the annual election date for entity-level taxes and draw from the Multistate Tax Commission's model for allowing partnerships to file state tax adjustments stemming from federal partnership audit changes under a budget plan Gov. Kathy Hochul unveiled Tuesday.
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January 21, 2025
Detroit Council OKs $45K Settlement Over Holding Co.'s Gain
The city of Detroit approved a settlement Tuesday in the Michigan Tax Tribunal in a long-running tax assessment dispute stemming from a holding company's gain from selling stock in a Canadian tobacco testing company.
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January 21, 2025
Ill. Senate Bill Seeks Tax Deduction For OT Wages
Illinois would create an individual income tax deduction for overtime wages under a bill introduced in the state Senate.
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January 21, 2025
Ariz. General Fund Revenue $244M Above Projections
Arizona's total general fund collection from July through December surpassed budget estimates by $244 million, according to the state's Joint Legislative Budget Committee.
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January 21, 2025
Md. Bill Seeks High Earner Tax, Water's-Edge Reporting
Maryland would impose a new tax rate on high earners, adopt combined water's-edge corporate tax reporting and lower its corporate tax rate under legislation introduced in the House of Delegates to enact proposals by the governor.
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January 21, 2025
Tribal Tax Status Regs Leave Energy Credit Access Up In Air
While recently proposed regulations would provide long-awaited clarity that enterprises wholly owned by Native American tribes are exempt from federal taxes, the rules leave glaring questions open about whether tribes can access clean energy tax credits through business structures like joint ventures.
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January 21, 2025
Ariz. Gov. Seeks Extension Of Low-Income Housing Tax Credit
Arizona would extend its low-income housing tax credit for six years under the fiscal year 2026 budget proposal by Gov. Katie Hobbs.
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January 21, 2025
RI Gov. Proposes Digital Ad Tax, R&D Credit Expansion
Rhode Island would levy a tax on digital advertisement services and double the number of years businesses can claim research and development expense tax credits as part of the governor's fiscal year 2026 budget proposal.
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January 21, 2025
Hawaii Bill Seeks Tax Credit For Wind-Resistant Retrofitting
Hawaii would create an income tax credit for up to $40,000 for the cost of wind-resistant retrofitting of a home under a bill introduced in the state House of Representatives.
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January 21, 2025
Hawaii House Bill Would Offer Deduction For Tips
Tipped employees in Hawaii would be able to deduct the amount made in tips from their taxable income under a bill introduced in the state House of Representatives.
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January 21, 2025
Illinois Senate Bill Seeks Income Tax Deduction For Tips
Illinois would create an income tax deduction for gratuities that are included in a taxpayer's federal adjusted gross income under a bill introduced in the state Senate.
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January 21, 2025
NY Tax Collection Through Dec. Up $5B, Dept. Says
New York's total state tax collection from July through December was roughly $5 billion higher than during the same period last fiscal year, according to the state Department of Taxation and Finance.
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January 21, 2025
Hawaii Bill Would Reduce Some Income Taxes In Oahu
Hawaii would reduce income taxes for residents of one part of the island of Oahu under a two-year pilot program in legislation proposed in the state House of Representatives.
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January 21, 2025
Justices Decline To Review NY Tax On IBM, Disney Royalties
The U.S. Supreme Court declined Tuesday to hear claims from Disney and IBM that New York's former method of taxing royalty payments from foreign affiliates resulted in unconstitutional discrimination against interstate commerce.
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January 17, 2025
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2024, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
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January 17, 2025
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 54 Practice Group of the Year awards among them, steering some of the largest deals of 2024 and securing high-profile litigation wins, including at the U.S. Supreme Court.
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January 17, 2025
Wash. Bill Would End B&O Tax Credit, Add Gains Tax Credit
Washington state would replace a credit for business and occupation taxes due on a sale or exchange that also is subject to the state's capital gains tax with a credit for taxes on gains that also are subject to B&O taxes, under a bill introduced in the state Senate.
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January 17, 2025
COST Pans Maine's Receipt Sourcing Change For Cos.
Maine's plan to change its apportionment methodology from sourcing business receipts where services are received to where they are acquired or experienced overreaches from what lawmakers had originally intended, the Council on State Taxation said Friday.
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January 17, 2025
Hawaii Bill Would Increase Capital Gains Tax On Some Filers
Hawaii would increase the state's capital gains tax for nonresidents and foreign taxpayers under a bill introduced in the state House of Representatives.
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January 17, 2025
Hawaii Bill Would Bar Excise Tax On Assistance-Eligible Food
Hawaii would exempt food that is eligible for purchase using assistance programs from the state excise tax under a bill introduced in the state House of Representatives.
Expert Analysis
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Practicing Law With Parkinson's Disease
This Parkinson’s Awareness Month, Adam Siegler at Greenberg Traurig discusses his experience working as a lawyer with Parkinson’s disease, sharing both lessons on how to cope with a diagnosis and advice for supporting colleagues who live with the disease.
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Why Supreme Court Should Allow Repatriation Tax To Stand
If the U.S. Supreme Court doesn't reject the taxpayers' misguided claims in Moore v. U.S. that the mandatory repatriation tax is unconstitutional, it could wreak havoc on our system of taxation and result in a catastrophic loss of revenue for the government, say Christina Mason and Theresa Balducci at Herrick Feinstein.
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For Lawyers, Pessimism Should Be A Job Skill, Not A Life Skill
A pessimistic mindset allows attorneys to be effective advocates for their clients, but it can come with serious costs for their personal well-being, so it’s crucial to exercise strategies that produce flexible optimism and connect lawyers with their core values, says Krista Larson at Stinson.
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Trump's NY Civil Fraud Trial Spotlights Long-Criticized Law
A New York court’s recent decision holding former President Donald Trump liable for fraud brought old criticisms of the state law used against him back into the limelight — including its strikingly broad scope and its major departures from the traditional elements of common law fraud, say Mark Kelley and Lois Ahn at MoloLamken.
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Speaking Of Ideas Hard To Swallow: SALT In Review
From a Pennsylvania bill that would force corporate tax disclosure to a proposed candy tax in California, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Requiring Leave To File Amicus Briefs Is A Bad Idea
A proposal to amend the Federal Rules of Appellate Procedure that would require parties to get court permission before filing federal amicus briefs would eliminate the long-standing practice of consent filing and thereby make the process less open and democratic, says Lawrence Ebner at the Atlantic Legal Foundation and DRI Center.
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4 Ways To Motivate Junior Attorneys To Bring Their Best
As Gen Z and younger millennial attorneys increasingly express dissatisfaction with their work and head for the exits, the lawyers who manage them must understand and attend to their needs and priorities to boost engagement and increase retention, says Stacey Schwartz at Katten.
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Former Minn. Chief Justice Instructs On Writing Better Briefs
Former Minnesota Supreme Court Chief Justice Lorie Gildea, now at Greenberg Traurig, offers strategies on writing more effective appellate briefs from her time on the bench.
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Stay Interviews Are Key To Retaining Legal Talent
Even as the economy shifts and layoffs continue, law firms still want to retain their top attorneys, and so-called stay interviews — informal conversations with employees to identify potential issues before they lead to turnover — can be a crucial tool for improving retention and morale, say Tina Cohen Nicol and Kate Reder Sheikh at Major Lindsey.
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Neb. Justices Should Weigh IRC Terms In Dividend Tax Case
Nebraska’s highest court, which will hear oral arguments in Precision CastParts v. Department of Revenue on April 1, should recognize that the Internal Revenue Code provides key clues to defining “dividends received or deemed to be received,” and therefore limits Nebraska’s tax on foreign-sourced corporate income, says Joseph Schmidt at Ryan.
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Strange But True, Here And There: SALT In Review
From a confusing proposal to relocate the Louisiana Tax Commission to a perplexing legislative vote on a citizen initiative in Washington state, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Judicial Independence Is Imperative This Election Year
As the next election nears, the judges involved in the upcoming trials against former President Donald Trump increasingly face political pressures and threats of violence — revealing the urgent need to safeguard judicial independence and uphold the rule of law, says Benes Aldana at the National Judicial College.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.