State & Local
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February 12, 2025
Calif. Orchard Purchase Not Like-Kind Exchange, Court Says
Two California business partners' purchase of a citrus orchard with jury-awarded money does not constitute a like-kind exchange, a state appeals court ruled, saying the orchard wasn't similar enough to the lost property covered by the award.
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February 12, 2025
Maine House Bill Would Exempt Medical Cannabis From Tax
Maine would exempt sales of cannabis sold for medical use from the state's sales tax under a bill introduced in the state House of Representatives.
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February 12, 2025
Squire Patton Brings On Polsinelli Tax Ace In Houston
Squire Patton Boggs LLP announced Wednesday that a former Polsinelli PC shareholder has joined the tax strategy and benefits practice group in Houston, an addition that helps the firm address growing client needs.
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February 12, 2025
Kentucky To Cut Flat Income Tax Rate
Kentucky will lower its flat income tax rate by half a percentage point starting next year under a bill signed by the governor.
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February 12, 2025
Ga. House Bill Would Exclude Overtime Pay From Income Tax
Georgia would exclude overtime compensation from state income taxes under a bill filed in the state House of Representatives.
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February 12, 2025
Minn. General Revenues In Jan. Less Than Forecast
Minnesota's total revenues in January lagged behind budget forecasts, according to a memo by the state Department of Management and Budget.
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February 11, 2025
Rodney King's Former Atty Gets Prison For $7M Tax Evasion
A Los Angeles criminal defense and civil rights attorney who once represented Rodney King was sentenced by a California federal court Tuesday to 1½ years in prison for evading $7.2 million worth of taxes on income from his law practice.
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February 11, 2025
Colo. Theater Says State Wrongfully Denied Tax Credit
A Colorado theater has filed claims against the state's Office of Economic Development and International Trade, alleging it wrongfully denied its application for a tax credit for rehabilitating the historic theater, according to a suit filed in state court Monday.
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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.
Expert Analysis
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The Strategic Advantages Of Appointing A Law Firm CEO
The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.
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How Cos. Can Build A Strong In-House Pro Bono Program
During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.
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Home Canning Makes Me A Better Lawyer
Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.
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Sound Ideas And An Ill-Advised Gamble: SALT In Review
From potential reforms in Louisiana to tax incentives for a gambling company in Colorado, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Use The Right Kind Of Feedback To Help Gen Z Attorneys
Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.
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Congress Can And Must Enact A Supreme Court Ethics Code
As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.
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The Pop Culture Docket: Justice Lebovits On Gilbert And Sullivan
Characters in the 19th century comic operas of Gilbert and Sullivan break the rules of good lawyering by shamelessly throwing responsible critical thought to the wind, providing hilarious lessons for lawyers and judges on how to avoid a surfeit of traps and tribulations, say acting New York Supreme Court Justice Gerald Lebovits and law student Tara Scown.
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State Of The States' AI Legal Ethics Landscape
Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.
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8 Childhood Lessons That Can Help You Be A Better Attorney
A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.
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Challenge To Ill. Card Fee Law Explores Compliance Hurdles
A recent federal lawsuit challenging an Illinois law that will soon forbid electronic payment networks from charging fees for processing the tax and tip portions of card transactions, fleshes out the glaring compliance challenges and exposure risks financial institutions must be ready to face next summer, says Martin Kiernan at Amundsen Davis.
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This Election, We Need To Talk About Court Process
In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.
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Letting The People Decide: SALT In Review
RSM's David Brunori offers a look at tax-related ballot questions before the voters in 16 states this fall.
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Mental Health First Aid: A Brief Primer For Attorneys
Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.