State & Local
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January 29, 2025
Miss. House Bill Would Extend Tobacco Tax To Vapes
Mississippi would include vapor products in its definition of tobacco products that are taxable as part of a bill introduced in the state House of Representatives.
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January 29, 2025
Idaho Updates Conformity To Federal Tax Code
Idaho conformed the state's income tax law to changes made to the Internal Revenue Code that affect the 2024 tax year under a bill signed by the governor.
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January 29, 2025
NM Bill Would Offer Tax Credit For Backup Generators
New Mexico would create an income tax credit for purchases of backup power generators as part of a bill introduced in the state House of Representatives.
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January 29, 2025
Ariz. House Bill Seeks Corporate Tax Rate Hike
Arizona would boost its corporate tax rate under legislation filed in the state House of Representatives.
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January 28, 2025
New City Near Atlanta Survives Ga. Justices' Review
Georgia's Supreme Court on Tuesday rejected a legal challenge to a newly created city outside Atlanta, turning back an argument from disgruntled residents that a referendum's simultaneous creation of a special tax district alongside the city violated the state's constitution.
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January 28, 2025
Mo. High Court To Tackle Who Can Charge Local Pot Taxes
The Missouri Supreme Court said Tuesday it would review an appeals court ruling that barred a pair of counties from levying taxes on cannabis sales within municipalities that can charge their own taxes on the sales.
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January 28, 2025
Mo. Gov. Seeks DOR Help For Plan To Eliminate Income Tax
Missouri's new governor said Tuesday that he has instructed the state tax agency to help his administration develop a long-term plan to scrap the individual income tax, but he admitted it would be a tall order to eliminate the state's largest source of general fund revenue.
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January 28, 2025
Minn. Tax Panel Advances 30-Day Nonresident Safe Harbor
Minnesota would allow a 30-day safe harbor against state income tax liability for some nonresidents who work in the state short term, under legislation advanced by the Senate Taxes Committee.
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January 28, 2025
Ohio Board Nixes Bid To Cut Regal Theater's Value
The Ohio Board of Tax Appeals rejected arguments that a Regal Cinemas property's value should be cut to $4 million from $11.6 million, saying the property owner didn't show that a county appraiser's valuation based on leases and rents of similar properties across seven states was flawed.
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January 28, 2025
Ore. Home's Value Can't Be Retroactively Upped, Court Says
An Oregon county cannot retroactively increase a home's assessed value just because an error was made when inputting the size of an addition, the state Tax Court ruled.
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January 28, 2025
Tax Group Of The Year: Cravath
Cravath Swaine & Moore LLP helped secure high-profile mergers and acquisitions for major media and communications companies in 2024, having played key roles in Paramount's $28 billion merger agreement with Skydance Media and a separate deal involving Verizon Communications, earning the law firm a spot among the 2024 Law360 Tax Groups of the Year.
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January 28, 2025
Ind. Office Building's Value Raised By Tax Board
The Indiana Board of Tax Review increased the valuation of a three-story office building for tax years 2021 and 2022, agreeing with a study of comparable properties in the area presented by the local assessor.
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January 28, 2025
Hawaii Senate Bill Would Create New Top Tax Bracket
Hawaii would create a new income tax bracket to impose a higher rate on joint income over $1.9 million beginning in 2030 under a bill that passed first reading in the state Senate.
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January 28, 2025
Ind. Tax Board Says Church's Rented-Out Home Is Taxable
An Indiana church that owns a rental property can't claim a property tax exemption for the home, the state Board of Tax Review said in a final determination.
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January 28, 2025
Ariz. Senate Panel OKs Plan To Bar Property Tax On Crypto
Arizona would exempt cryptocurrency from property taxation if a pair of measures approved by a state Senate panel is enacted and voters approve a ballot measure proposed for 2026.
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January 28, 2025
Hawaii Bill Would Offer Additional Film Tax Credit
Hawaii would allow qualifying film productions to claim an additional credit equal to 5% of production costs if the project uses production facilities in the state under a bill that passed a first reading in the state Senate.
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January 28, 2025
Ariz. Senate Panel OKs Path For Crypto Payments Of Tax
Arizona would authorize its agencies to enter agreements to accept cryptocurrency for tax and other payments under legislation approved by a state Senate committee.
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January 28, 2025
SC General Revenue Collection Through Dec. Up $739M
South Carolina's general revenue collection from June through December was $739 million higher than during the same period last year, according to the state Board of Economic Advisors.
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January 28, 2025
Hawaii Bill Seeks Credit For Building With Hemp Material
Hawaii would allow a corporate income tax credit for the cost of construction of a structure if it is made at least partially with hemp material under a bill that passed a first reading in the state Senate.
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January 28, 2025
Colo. Delivery Fee Targeted By Proposed Ballot Measure
Colorado would end its 29-cent fee on retail deliveries under a draft voter initiative proposed for the 2026 statewide ballot.
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January 28, 2025
Maine Tax Revenues Through Dec. Up $32M Over Estimates
Maine's total tax revenue collection from June through December beat estimates by $32 million, according to a report released Tuesday by the Department of Administrative and Financial Services.
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January 28, 2025
Ariz. Panel OKs Nonresident Real Estate Gains Tax Reports
Arizona's tax department would report on the capital gains taxes paid by nonresidents under legislation advanced by a state Senate panel.
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January 28, 2025
NY Assembly Bills Seek Tax On Vacant Land, Buildings In NYC
New York City would be permitted to impose taxes on certain vacant land and vacant residential properties under a pair of bills introduced in the New York state Assembly.
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January 27, 2025
Late Filings Didn't Stymie Tax Challenges, Conn. Justices Say
Failing to file timely appraisals on commercial properties valued over $1 million was not fatal to several owners' tax assessment challenges under a new state law, the Connecticut Supreme Court ruled Monday, agreeing that a trial judge properly reopened the cases months after a missed deadline.
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January 27, 2025
Ind. Gov. Orders Analysis Of Nonprofit Hospitals' Tax Breaks
Indiana's governor issued an executive order requiring an analysis of nonprofit hospitals operating in the state to evaluate the tax-exempt benefits they received compared with the amount of charity care they provided.
Expert Analysis
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What The Law Firm Of The Future Will Look Like
As the legal landscape shifts, it’s become increasingly clear that the BigLaw business model must adapt in four key ways to remain viable, from fostering workplace flexibility to embracing technology, say Kevin Henderson and Eric Pacifici at SMB Law Group.
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4 PR Pointers When Your Case Is In The News
Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.
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10 Considerations For Litigating A New York Tax Case
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.
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Revenue Agencies At Their Finest: SALT In Review
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.
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Law Firm Strategies For Successfully Navigating 2024 Trends
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.
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Attorneys' Busiest Times Can Be Business Opportunities
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.
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How Attorneys Can Be More Efficient This Holiday Season
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.
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5 Trends To Watch In Property And Casualty Class Actions
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.
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A Bold Idea And A Striking Disregard: SALT In Review
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.
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5 Traps To Avoid When Selling CRE In Las Vegas Area
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.
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How Clients May Use AI To Monitor Attorneys
Excerpt from Practical Guidance
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.
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The Pop Culture Docket: Judge D'Emic On Moby Grape
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.
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Breaking Down High Court's New Code Of Conduct
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.