State & Local

  • October 21, 2024

    SD Voters To Decide On Food Tax Exemption

    South Dakota voters will have the chance Nov. 5 to decide whether the state exempts food from its 4.2% sales tax rate.

  • October 21, 2024

    MVP: Paul Weiss' Brian Krause

    Brian Krause of Paul Weiss Rifkind Wharton & Garrison LLP's tax practice designed a novel tax approach for the merger of World Wrestling Entertainment and Ultimate Fighting Championship, raced to create a tax-free deal in the final days of a Texas "wildcatter" hoping to sell his oil company, and advised Chevron in its $60 billion acquisition of Hess Corp., earning him a spot as one of the 2024 Law360 Tax MVPs.

  • October 21, 2024

    Neb. Receipts Sink $121M Through Sept. From Previous Year

    Nebraska's total net receipts from July through September sank $121 million compared with the same period in the last fiscal year, according to the state Department of Revenue.

  • October 21, 2024

    Ariz. Revenues Through Sept. Beat Estimate By $108M

    Arizona's total general fund revenue from July through September outpaced forecasts by $108 million, according to the state's Joint Legislative Budget Committee.

  • October 21, 2024

    NJ General Revenues Through Sept. Rise 4% From Last Year

    New Jersey general revenue from July through September beat last year's collection by 4.3%, according to the state Department of the Treasury.

  • October 21, 2024

    New ABA Tax Chair-Elect Aims To Expand Leadership Paths

    The new chair-elect of the American Bar Association Section of Taxation told Law360 that she wants to broaden the pathways to leadership for members, including those early in their careers, as part of the section's diversity, equity and inclusion initiatives. Here, Megan Brackney shares more about her background and goals for the section.

  • October 18, 2024

    Law360 MVP Awards Go To Top Attys From 74 Firms

    The attorneys chosen as Law360's 2024 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • October 18, 2024

    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.

  • October 18, 2024

    Fla. Extends Dyed Fuel Penalty Waiver After Milton

    Florida is extending its temporary waiver of penalties for businesses and individuals that use or sell dyed diesel fuel for on-highway use through Oct. 30 in response to Hurricane Milton, the state Department of Revenue said.

  • October 18, 2024

    San Francisco Tax Measures Could Mean Big Changes For Biz

    San Francisco voters could significantly change the city's business climate next month if they approve two ballot measures, one that would overhaul the city's gross receipts tax and increase rates for larger businesses and another that would impose an annual additional graduated tax on ride-hailing companies. Here, Law360 takes a look at the two proposals.

  • October 18, 2024

    Ind. City Can't Levy Additional Property Tax For Shortfall

    A city in Indiana cannot levy an additional property tax of nearly $1 million to make up for budget shortfalls because those shortfalls do not qualify for the granting of an excess levy, the Indiana Tax Court ruled.

  • October 18, 2024

    Minn. Tax Court Refuses Big Changes To Parking Lot's Value

    The Minnesota Tax Court lowered the assessed value of a parking lot property by about $200,000 to $11.7 million, rejecting arguments for larger changes by the property owner and a county.

  • October 18, 2024

    Colo. Extends Tax Deadlines For Hurricane Victims

    Colorado is delaying deadlines for state taxpayers impacted by hurricanes Helene and Milton, Gov. Jared Polis and the state tax department said Friday.

  • October 18, 2024

    JetBlue Says Fla. Must Face Claims Against Airline Tax Rules

    JetBlue urged a Florida state court to reject the state Department of Revenue's bid to dismiss the company's claims that Florida unconstitutionally taxed the airline's extraterritorial income, saying its case isn't analogous to a dispute from Frontier Airlines that a court dismissed.

  • October 18, 2024

    Mo. Commission Should Refund Interest, Telecom Co. Says

    A Charter Communications entity that was granted a use tax refund of nearly $437,000 because it qualified as a manufacturer should also be granted repayment of the interest that accrued on the refunded taxes, the company told the Missouri Administrative Hearing Commission. 

  • October 18, 2024

    Fla. Delays Tax Deadlines In More Counties Due To Milton

    Florida is extending tax due dates for businesses in seven additional counties affected by Hurricane Milton, the state Department of Revenue said, bringing the relief to a total of 24 of the state's 67 counties.

  • October 18, 2024

    Taxation With Representation: Baker, Simpson, Ropes

    In this week's Taxation With Representation, Lundbeck inks a $2.6 billion cash deal for Longboard, Silver Lake agrees to buy Zuora for $1.7 billion, and PPG and American Industrial Partners reach a $550 million deal.

  • October 18, 2024

    Mass. Tax Dept. Floats Limits On Amnesty For Nonfilers

    Massachusetts taxpayers seeking amnesty under a coming program would not be eligible for the program's three-year look-back limit for nonfilers if the state tax department had certain contacts with them, according to a draft notice on the program.

  • October 17, 2024

    Wash. Justices Say No Addresses Needed For Tax Ballot Items

    Washington's secretary of state didn't need to check addresses when validating signatures for five voter initiatives slated for the November ballot, including measures to repeal the state's capital gains tax and to bar income taxes, the state Supreme Court said Thursday.

  • October 17, 2024

    Illinois Ballot Measure May Reinvigorate Graduated Tax Talks

    An Illinois ballot measure that will gauge public interest in imposing a higher tax rate on millionaires to fund property tax relief appears primed to rekindle debates over whether the state's constitutional requirement for a flat income tax should be repealed.

  • October 17, 2024

    NY Hotel Biz Stuck With $15M Tax Bill After Deductions Denied

    A corporation that refurbishes hotels in New York is liable for about $15 million in taxes, a state tribunal said in a decision released Thursday, affirming a ruling that the state's tax agency correctly denied deductions sought by the company.

  • October 17, 2024

    Mont. Tax Board Upholds Assessment On Storage Facility

    The owner of a Montana commercial property used to house storage units was unable to lower its value because the state Tax Appeal Board gave more weight to the state Department of Revenue's valuation using an income analysis. 

  • October 17, 2024

    Ill. Revenue Collection Through Sept. Lags Forecasts By $12M

    Illinois' general fund revenue collection from July through September came in below forecasts by $12 million, according to a report by the Governor's Office of Management and Budget.

  • October 17, 2024

    Idaho Revenue Through Sept. Exceeds Forecast By $66M

    Idaho's general fund revenue from July through September beat an estimate by $66 million, the state Division of Financial Management said.

  • October 17, 2024

    Ore. Tax Dept. Not Bound By IRS Errors, Court Says

    Oregon's tax department is not bound by erroneous adjustments made by the Internal Revenue Service to a couple's income tax return, the state's tax court said, saying state law allows the department to adjust state returns.

Expert Analysis

  • States Should Loosen Law Firm Ownership Restrictions

    Author Photo

    Despite growing buzz, normalized nonlawyer ownership of law firms is a distant prospect, so the legal community should focus first on liberalizing state restrictions on attorney and firm purchases of practices, which would bolster succession planning and improve access to justice, says Michael Di Gennaro at The Law Practice Exchange.

  • Texas Ethics Opinion Flags Hazards Of Unauthorized Practice

    Author Photo

    The Texas Professional Ethics Committee's recently issued proposed opinion finding that in-house counsel providing legal services to the company's clients constitutes the unauthorized practice of law is a valuable clarification given that a UPL violation — a misdemeanor in most states — carries high stakes, say Hilary Gerzhoy and Julienne Pasichow at HWG.

  • How To Clean Up Your Generative AI-Produced Legal Drafts

    Author Photo

    As law firms increasingly rely on generative artificial intelligence tools to produce legal text, attorneys should be on guard for the overuse of cohesive devices in initial drafts, and consider a few editing pointers to clean up AI’s repetitive and choppy outputs, says Ivy Grey at WordRake.

  • A Tale Of 2 Trump Cases: The Rule Of Law Is A Live Issue

    Author Photo

    The U.S. Supreme Court’s decision this week in Trump v. U.S., holding that former President Donald Trump has broad immunity from prosecution, undercuts the rule of law, while the former president’s New York hush money conviction vindicates it in eight key ways, says David Postel at Henein Hutchison.

  • Industry Self-Regulation Will Shine Post-Chevron

    Author Photo

    The U.S. Supreme Court's Loper decision will shape the contours of industry self-regulation in the years to come, providing opportunities for this often-misunderstood practice, says Eric Reicin at BBB National Programs.

  • 3 Ways Agencies Will Keep Making Law After Chevron

    Author Photo

    The U.S. Supreme Court clearly thinks it has done something big in overturning the Chevron precedent that had given deference to agencies' statutory interpretations, but regulated parties have to consider how agencies retain significant power to shape the law and its meaning, say attorneys at K&L Gates.

  • Atty Well-Being Efforts Ignore Root Causes Of The Problem

    Author Photo

    The legal industry is engaged in a critical conversation about lawyers' mental health, but current attorney well-being programs primarily focus on helping lawyers cope with the stress of excessive workloads, instead of examining whether this work culture is even fundamentally compatible with lawyer well-being, says Jonathan Baum at Avenir Guild.

  • Less Power To The People: SALT In Review

    Author Photo

    Starting with a measure that won't appear on the California ballot in November, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

  • Unpacking The Circuit Split Over A Federal Atty Fee Rule

    Author Photo

    Federal circuit courts that have addressed Rule 41(d) of the Federal Rules of Civil Procedure are split as to whether attorney fees are included as part of the costs of a previously dismissed action, so practitioners aiming to recover or avoid fees should tailor arguments to the appropriate court, says Joseph Myles and Lionel Lavenue at Finnegan.

  • 6 Tips For Maximizing After-Tax Returns In Private M&A Deals

    Author Photo

    With potential tax legislation likely to spur a surge in private business sales, sellers can make the most of after-tax proceeds with strategies that include price allocation and qualified investment options, say Isaac Grossman and Daniel Studin at Morrison Cohen.

  • After A Brief Hiccup, The 'Rocket Docket' Soars Back To No. 1

    Author Photo

    The Eastern District of Virginia’s precipitous 2022 fall from its storied rocket docket status appears to have been a temporary aberration, as recent statistics reveal that the court is once again back on top as the fastest federal civil trial court in the nation, says Robert Tata at Hunton.

  • Recruitment Trends In Emerging Law Firm Frontiers

    Author Photo

    BigLaw firms are facing local recruitment challenges as they increasingly establish offices in cities outside of the major legal hubs, requiring them to weigh various strategies for attracting talent that present different risks and benefits, says Tom Hanlon at Buchanan Law.

  • Money, Money, Money: Limiting White Collar Wealth Evidence

    Author Photo

    As courts increasingly recognize that allowing unfettered evidence of wealth could prejudice a jury against a defendant, white collar defense counsel should consider several avenues for excluding visual evidence of a lavish lifestyle at trial, says Jonathan Porter at Husch Blackwell.

Can't find the article you're looking for? Click here to search the Tax Authority State & Local archive.