State & Local
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February 11, 2025
Ill. Bill Would Trim Corp. Carryover Limit's Time Frame
Illinois would shorten the time frame of a limit on carryover deductions for corporations under the state's income tax law and prohibit the imposition of franchise taxes on domestic or foreign corporations as part of a bill introduced in the state Senate.
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February 11, 2025
Colo. Bill Would Offer Spread-Out Property Tax Payment Plan
Colorado would allow residential and commercial property owners to pay taxes in four installments, rather than two, under a bill introduced in the state House of Representatives.
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February 11, 2025
NJ Bill Seeks Tax Credits For Housing At Abandoned Sites
New Jersey would create corporate and gross income tax credits for completed residential housing projects at abandoned commercial building sites under a bill introduced in the state Senate.
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February 11, 2025
NY Bill Would Direct New Tax Revenue To Property Tax Cuts
New York state would require money derived from new or increased taxes to be used to reduce local property taxes under a bill introduced in the Senate.
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February 11, 2025
Minn. House Bill Would Raise Estate Tax Exclusion
Minnesota would double the state's estate tax exclusion under a bill introduced in the state House of Representatives.
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February 11, 2025
Minn. Tax Refund Plan Would Hinder Lawmakers, Panel Told
Refunding revenue surpluses to Minnesota taxpayers would tie the hands of the Legislature and hamper citizen involvement in budget decisions, critics of a plan for such refunds told a House panel Tuesday.
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February 11, 2025
NY Senate Bill Seeks Excise Tax On Alcoholic Beverages
New York state would impose a 5% excise tax on the retail sales of alcoholic beverages under a bill introduced in the state Senate.
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February 11, 2025
Minn. Panel OKs Expanding Tax Break For Baby Items
Minnesota would create a sales tax exemption for cribs, baby wipes, car seats and other items, adding to its existing tax break for baby products, under legislation advanced by a House panel Tuesday.
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February 11, 2025
Tenn. Gov. Wants Bolstered Rural Housing Tax Credit
Tennessee's governor urged lawmakers during his State of the State address to fund a tax credit that would make it easier to build homes and businesses.
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February 11, 2025
Md. Entertainer Can't Claim Biz Losses, State Tax Court Rules
A Maryland taxpayer in the entertainment business is not eligible for a passive activity loss deduction for money spent on her music business in 2020, the state Tax Court ruled.
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February 11, 2025
Ky. Revenue Through Jan. Up $197M From Last Year
Kentucky's general revenue collection from July through January was $197 million higher than the total for the same period last fiscal year, according to the Office of State Budget.
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February 11, 2025
Minn. House Bill Seeks Corporate Tax Info Disclosures
The corporate franchise tax information of large Minnesota taxpayers would be disclosed to the public by the state Department of Revenue under legislation introduced in the state House of Representatives.
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February 11, 2025
Commerce Powers Key In Battle Over Corp. Transparency Law
The question of whether Congress exceeded its powers to regulate commerce by enacting the Corporate Transparency Act is likely to feature in a potential U.S. Supreme Court resolution to around a dozen challenges to the law that are percolating through the courts.
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February 11, 2025
Ohio House Bill Seeks Retroactive Depreciation Deduction
Ohio would allow taxpayers to deduct full depreciation expense amounts that are deductible for federal income tax purposes that were previously disallowed under a bill introduced in the state House of Representatives.
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February 11, 2025
OptumRx Says Florida Incorrectly Apportioned Receipts
OptumRx said the Florida Department of Revenue used an incorrect apportionment formula for receipts from the company's pharmacy benefit management services, resulting in an increased $12.3 million tax bill.
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February 11, 2025
Ohio General Revenues Through Jan. Beat Estimate By $226M
Ohio's general revenue from July through January surpassed forecasts by $226 million, according to a report by the Office of Budget Management.
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February 11, 2025
Calif. Revenues Through Jan. Up $3.39B Over Forecast
California's total revenues from July through January beat estimates by $3.39 billion, according to the state controller.
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February 11, 2025
SD Lawmakers OK Updated References To Federal Tax Code
South Dakota would update references in its tax statutes to the current Internal Revenue Code under a bill passed by state lawmakers and headed to the governor.
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February 10, 2025
Business Groups Push For Bigger Estate Tax Break In Oregon
Boosting the exemption to Oregon's estate tax as proposed in legislation would protect a growing number of families from disruptive effects of the tax, business groups told a state Senate panel Monday.
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February 10, 2025
Md. Court Affirms Ad Tax On Clear Channel Billboards
Clear Channel Outdoor is subject to the city of Baltimore's outdoor advertising tax, the Maryland Tax Court said in a decision released Monday, denying the company's request for a refund of taxes paid.
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February 10, 2025
Ill. House Bill Seeks Broadband Equipment Sales Tax Break
Illinois would create a sales and use tax exemption for equipment used to provide broadband services under a bill introduced in the state House of Representatives.
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February 10, 2025
NM Bill Would Exclude Some Healthcare Services From Tax
New Mexico would make the sales of some medical equipment and healthcare services deductible from the state's gross receipts tax under a bill introduced in the state House of Representatives.
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February 10, 2025
Ill. House Bill Seeks Study Of Eliminating Property Tax System
Illinois would direct its Department of Revenue and the governor's Office and Management and Budget to determine the possibility of eliminating the state's property tax system and replacing the revenue with income tax receipts under a bill introduced in the state House of Representatives.
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February 10, 2025
Minn. Senate Bill Would Restructure Income Tax Brackets
Minnesota would eliminate its lowest income tax bracket and alter its remaining tax brackets under a bill introduced Monday in the state Senate.
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February 10, 2025
Ill. House Bill Seeks Income Tax Deduction For Betting Losses
Illinois would create an income tax deduction for losses from some betting transactions under a bill filed in the House of Representatives.
Expert Analysis
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Trauma-Informed Legal Approaches For Pro Bono Attorneys
As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themselves from compassion fatigue and burnout, say Katherine Cronin at Stinson and Katharine Manning at Blackbird.
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How Attys Can Avoid Pitfalls When Withdrawing From A Case
The Trump campaign's recent scuffle over its bid to replace its counsel in a pregnancy retaliation suit offers a chance to remind attorneys that many troubles inherent in withdrawing from a case can be mitigated or entirely avoided by communicating with clients openly and frequently, says Christopher Konneker at Orsinger Nelson.
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Using A Children's Book Approach In Firm Marketing Content
From “The Giving Tree” to “Where the Wild Things Are,” most children’s books are easy to remember because they use simple words and numbers to tell stories with a human impact — a formula law firms should emulate in their marketing content to stay front of mind for potential clients, says Seema Desai Maglio at The Found Word.
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Tax Assessment: Recapping Georgia's Legislative Session
Jonathan Feldman and Alla Raykin at Eversheds Sutherland examine tax-related changes from Georgia’s General Assembly — such as the governor’s successful push to accelerate income tax cuts — and suggest steps to take before certain tax incentives are challenged in the state's next legislative session.
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Geothermal Energy Has Growing Potential In The US
Bipartisan support for the geothermal industry shows that geothermal energy can be an elegant solution toward global decarbonization efforts because of its small footprint, low supply chain risk, and potential to draw on the skills of existing highly specialized oil and gas workers and renewable specialists, say attorneys at Weil.
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Bad Ideas That Won't Go Away: SALT In Review
From California's latest move toward a digital ad tax to Kansas' proposed tax credits for film production, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Exploring An Alternative Model Of Litigation Finance
A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.
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Trump Hush Money Case Offers Master Class In Trial Strategy
The New York criminal hush money trial of former President Donald Trump typifies some of the greatest challenges that lawyers face in crafting persuasive presentations, providing lessons on how to handle bad facts, craft a simple story that withstands attack, and cross-examine with that story in mind, says Luke Andrews at Poole Huffman.
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A Vision For Economic Clerkships In The Legal System
As courts handle increasingly complex damages analyses involving vast amounts of data, an economic clerkship program — integrating early-career economists into the judicial system — could improve legal outcomes and provide essential training to clerks, say Mona Birjandi at Data for Decisions and Matt Farber at Secretariat.
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E-Discovery Quarterly: Recent Rulings On Text Message Data
Electronically stored information on cellphones, and in particular text messages, can present unique litigation challenges, and recent court decisions demonstrate that counsel must carefully balance what data should be preserved, collected, reviewed and produced, say attorneys at Sidley.
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Kentucky Tax Talk: Budget Focus Cools Tax Reform Efforts
There were some noteworthy tax developments during Kentucky’s legislative session — like the revival of local tax reform and enactment of another tax amnesty program — but major tax initiatives, like those seen in recent years, were largely tabled as legislators focused on establishing the state’s two-year budget, say attorneys at Frost Brown.
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NY Tax Talk: Primary Function Is Key Analysis For Sales Tax
Two sales tax cases recently decided by New York's Appellate Division illustrate why both taxpayers and the state's Department of Revenue subscribe to the primary function test, a logical way to determine whether business transactions are subject to sales tax, say Elizabeth Cha and Jeremy Gove at Eversheds Sutherland.
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Time To Fix NYC's Broken Property Assessment System
A New York appellate court's decision to revive Tax Equity Now New York v. City of New York may force the city to revamp its outdated and unfair real estate tax assessment system, which could be fixed with a couple of simple changes, says Seth Feldman at Romer Debbas.