State & Local
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January 23, 2025
Mass. Gov. Seeks To Expand Taxation Of Nonresident Gains
Massachusetts would apply what is known as the investee apportionment method to tax gains that nonresidents receive from sales of interest in pass-through entities located in the commonwealth under a budget proposal from Gov. Maura Healey.
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January 23, 2025
Calif. Finalizes Regs To Implement Cannabis Excise Tax
California made permanent a set of emergency regulations filed by the state Department of Tax and Fee Administration that implement the state's excise tax on cannabis, according to a notice published in the state's regulatory register.
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January 23, 2025
Corporate Transparency Law Remains Flanked By Threats
The Corporate Transparency Act is facing threats across the branches of government despite the U.S. Supreme Court pausing a nationwide injunction on it Thursday, with another universal injunction in place, other court battles underway and some Republican lawmakers targeting the law.
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January 23, 2025
Minn. Tax Committee Advances Bill To Return Surplus Funds
A proposal to create a constitutional amendment in Minnesota stipulating that surplus funds in future state budgets should be exclusively earmarked to provide tax relief was advanced by the state House Tax Committee on Thursday.
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January 23, 2025
Ohio Senate Bill Seeks Flat Income Rate By 2026
Ohio would flatten its two-bracket income tax system into a flat 2.75% tax rate by 2026 under a bill filed in the state Senate.
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January 23, 2025
Minn. Bill Would Allow Tax Break For New Housing Materials
Minnesota would exempt materials used in the construction of new residential housing from state sales and use taxes under a bill introduced Thursday in the state Senate.
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January 23, 2025
Minn. Sen. Panel Advances Tax Break For Food Equipment
Food service equipment in Minnesota would be exempt from sales and use taxes under a bill advanced in the state Senate Taxes Committee.
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January 23, 2025
Wis. Gov. Pitches Tax Break For Over-The-Counter Drugs
Wisconsin's governor called for the elimination of sales tax on over-the-counter medications, urging Republicans and Democrats to work together to make sure taxpayers are charged fair prices for drugs.
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January 23, 2025
Ind. House Bill Would End State Income Tax In 2026
Indiana would eliminate its flat income tax as of 2026 under a bill introduced in the state House of Representatives.
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January 23, 2025
Ind. House Bill Floats Exemption For RVs Used Out Of State
Indiana would exempt from its gross retail tax purchases of recreational vehicles and cargo trailers that are moved out of the state for registration and use as part of a bill introduced in the state House of Representatives.
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January 23, 2025
Ill. Bill Seeks Redevelopment Zones With Lower Tax Rates
Illinois would authorize local governments to designate community redevelopment zones with reduced retailers' occupation and use tax rates under a bill introduced in the state Senate.
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January 22, 2025
'Unicorn Prosecution' Could Upend Legal Practice, Court Told
Brown & Connery LLP partner William Tambussi told a New Jersey state judge Wednesday that the entire practice of law in the Garden State rests on his impending decision on the charges against him in the state's sweeping racketeering case targeting power broker George E. Norcross III, arguing that a lawyer has never been prosecuted for routine legal work.
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January 22, 2025
Idaho Lawmakers OK Updated Conformity To Federal Tax Law
Idaho would conform the state's income tax law to changes made to the Internal Revenue Code that affect the 2024 tax year under a bill passed by the state Legislature and headed to the governor.
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January 22, 2025
GOP Again Floats Reciprocal Taxes In Affront To Global Deal
Republicans on the House Ways and Means Committee on Wednesday renewed their proposal for reciprocal taxes against countries that participate in an international minimum tax agreement, following up on President Donald Trump's rejection of the global accord.
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January 22, 2025
Kan. House Bill Would Create Film Production Credit
Kansas would offer an income tax credit for qualifying film production under a bill introduced in the state House of Representatives.
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January 22, 2025
Minn. Panel Advances Limit On Tax Reassessments
Minnesota would limit the authority of its tax department to issue revised assessments after providing erroneous information relied on by taxpayers under legislation advanced Wednesday by a state Senate committee.
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January 22, 2025
Hawaii Bill Aims To Cut Emissions By Increasing Oil Tax
Hawaii would gradually raise the rate of its tax on petroleum in an attempt to curb greenhouse gas emissions under a bill introduced in the state House of Representatives.
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January 22, 2025
Wyden Urges National Standard For Hemp Regulation
Sen. Ron Wyden, D-Ore., rallied on Wednesday for his bill that would beef up regulation of products with hemp-derived cannabinoids in order to protect consumers, particularly children.
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January 22, 2025
NY Assembly Bill Would Double Threshold For Mansion Tax
New York would double the threshold at which properties incur an additional state 1% real estate transfer tax as part of a bill filed in the Assembly.
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January 22, 2025
Maine Bill Seeks New Income Tax Brackets On Higher Income
Maine would raise income tax thresholds and create three new tax brackets, including a new top bracket levying an 8.2% tax on income over $500,000, under a bill introduced in the state House of Representatives.
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January 22, 2025
Hawaii House Bill Floats Tax Surcharge On Vacant Homes
Hawaii would establish an excise tax surcharge on vacant residential homes under a bill introduced in the state House of Representatives.
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January 22, 2025
Hawaii House Bill Seeks Increase In Capital Gains Tax
Hawaii would increase its tax on capital gains to 9% under a bill introduced in the state House of Representatives.
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January 22, 2025
Hawaii Floats Tax Credit For Some Insurers Of Condos
Hawaii would allow insurers that cover the full insurable value of a condominium to claim an insurance premium tax credit under a bill introduced in the state House of Representatives.
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January 22, 2025
Ind. Budget Bill Would Exempt Tip Income From Tax
Indiana would exempt income earned from tips from personal income tax under a budget bill introduced in the state House of Representatives.
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January 22, 2025
Mich. Changes Deadline For Flow-Through Entity Election
Michigan changed when taxpayers electing to pay the state's tax on flow-through entities must file the election with the state Department of Treasury and how such taxpayers can avoid penalties and interest under a bill signed by Democratic Gov. Gretchen Whitmer.
Md. Panel Questions Plan For Votes On All Taxes, Fees
Maryland lawmakers on Thursday questioned the scope of a ballot measure proposed in the state House of Delegates to require legislative votes on all future tax and fee increases.
GOP, Dems From High-Tax States Push To Kill SALT Cap
Republican and Democratic lawmakers from high-tax states said Wednesday that raising or eliminating the $10,000 cap on the state and local tax deduction would be essential to gaining their support for a bill to renew expiring Tax Cuts and Jobs Act tax breaks.
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.
Editor's Pick
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Law360 Will Track 2024 Ballot Measures On Real-Time Map
As citizens across the country weigh in on federal, state and local elections this November, Law360's 2024 ballot measure map will track election results for tax-related ballot measures in real time. Here, Law360 dives into what's on the ballots in Georgia, Nevada, Wyoming and Denver.
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Law360 Revenue Report Map Tracks Health Of State Coffers
As state coffers fluctuate because of federal pandemic aid drying up, demographics shifting and remote work becoming commonplace, Law360 Tax Authority is providing up-to-date coverage on state tax revenue with the launch of its Revenue Report Map.
Featured Stories
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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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Justices' Pass On Philly Tax Muddles Income Tax Credit Rules
The U.S. Supreme Court's refusal to weigh whether Philadelphia must credit a resident's tax paid to Delaware against the city's wage tax raises questions about whether state and local taxes could be considered together in the calculation of income tax credits.
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Real Estate Attys Eye Busy Texas Legislative Session
With Texas' biennial legislative session underway, the housing and development issues that gummed up 2023 to the tune of multiple special session extensions appear poised to come back fresh in 2025.
Expert Analysis
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Bad Ideas From Coast To Coast: SALT In Review
From calls for higher taxes in Washington state to New Jersey's tax credits for Netflix, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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Illinois Banking Brief: All The Notable Legal Updates In Q4
While the last quarter of 2024 didn't bring any notable state financial legislation, Illinois banks did see developments in the challenge to the Interchange Fee Prohibition Act, and received some awaited guidance on credit line disclosures and bank-fintech relationships, say attorneys at Dykema.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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Tops In Their Field: SALT In Review
RSM's David Brunori begins 2025 with a second annual roundup of the nation's best state tax agencies.
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How Changes In State Gift Card Laws May Affect Cos. In 2025
2024 state legislative movements around the escheatment of unused gift card balances and consumer fraud protections should prompt issuers to consider whether changes in company domicile or blanket cash-back policies are needed in the new year, say attorneys at Alston & Bird.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.