State & Local
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January 29, 2025
Detroit Public Schools Spar With State Over Tax Future
A Michigan state judge weighing whether Detroit's public schools can continue collecting a tax to pay down debt said Wednesday the schools' "greatest challenge" is to convince him that they would be irreparably harmed if the tax lapsed.
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January 29, 2025
White & Case Adds Global Tax Pro From McDermott
White & Case LLP announced Wednesday that it is expanding its global tax practice by bringing in a former McDermott Will & Emery partner to its Washington, D.C., office.
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January 29, 2025
Tax Group Of The Year: Mayer Brown
Mayer Brown LLP's bench of tax talent is so deep that it can help its clients sell the Chicago Cubs one day and buy $646 million of Brazilian solar farms on another. The firm's ability to offer tax transaction and advisory services across industries, transaction types and specialty areas earned it a place among the 2024 Law360 Tax Groups of the Year.
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January 29, 2025
Colo. Panel OKs Sales Tax Search Engine Upgrade
Colorado would improve its search engine for sales and use tax license information under legislation approved by the state Senate Finance Committee.
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January 29, 2025
Ohio Senate Bill Seeks Excise Tax On Adult-Use Cannabis
Ohio would impose a 15% excise tax on adult-use sales of cannabis under a bill introduced in the state Senate.
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January 29, 2025
Ark. Amendment Would Allow End Of Personal Property Tax
The Arkansas Legislature would be able to end or reduce personal property tax rates if a constitutional amendment were passed by voters under a resolution introduced in the state House of Representatives.
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January 29, 2025
Philip Morris Owed $11M Refund After NC High Court Ruling
Philip Morris USA Inc. is owed a tax refund of more than $11 million following a state Supreme Court ruling clarifying North Carolina's $6 million cap on cigarette export tax credits, a state Business Court judge has said.
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January 29, 2025
Colo. Panel OKs Confidentiality Rules For Sales Tax Audits
Colorado would establish standards to protect taxpayer information held by third-party auditors during sales and use tax audits performed for local jurisdictions under legislation approved by a state Senate panel.
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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.
Expert Analysis
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Loper Bright Limits Federal Agencies' Ability To Alter Course
The U.S. Supreme Court's recent decision to dismantle Chevron deference also effectively overrules its 2005 decision in National Cable & Telecommunications Association v. Brand X, greatly diminishing agencies' ability to change regulatory course from one administration to the next, says Steven Gordon at Holland & Knight.
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Maryland 'Rain Tax' Ruling May Offer Hope For Tax Credits
A Maryland state appellate court's recent decision in Ben Porto v. Montgomery County echoes earlier case law upholding controversial stormwater charges as a valid excise tax, but it also suggests that potential credits to reduce property owners' liability could get broader in scope, says Alyssa Domzal at Ballard Spahr.
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Lawyers Can Take Action To Honor The Voting Rights Act
As the Voting Rights Act reaches its 59th anniversary Tuesday, it must urgently be reinforced against recent efforts to dismantle voter protections, and lawyers can pitch in immediately by volunteering and taking on pro bono work to directly help safeguard the right to vote, says Anna Chu at We The Action.
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How To Grow Marketing, Biz Dev Teams In A Tight Market
Faced with fierce competition and rising operating costs, firms are feeling the pressure to build a well-oiled marketing and business development team that supports strategic priorities, but they’ll need to be flexible and creative given a tight talent market, says Ben Curle at Ambition.
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Rock Climbing Makes Me A Better Lawyer
Rock climbing requires problem-solving, focus, risk management and resilience, skills that are also invaluable assets in my role as a finance lawyer, says Mei Zhang at Haynes and Boone.
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Think Like A Lawyer: Dance The Legal Standard Two-Step
From rookie brief writers to Chief Justice John Roberts, lawyers should master the legal standard two-step — framing the governing standard at the outset, and clarifying why they meet that standard — which has benefits for both the drafter and reader, says Luke Andrews at Poole Huffman.
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Shake-Ups For Courts In Different Fields: SALT In Review
From the end of Chevron deference in the courts to the planned sale of the NBA's reigning champion, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Kentucky Tax Talk: Appeals Court Revisits Leases' Tax Effects
With better facts and greater emphasis on the Kentucky Constitution, Walgreen Co. may succeed in its latest Kentucky Court of Appeals challenge to a tax assessor's method of valuing leaseholds on real property for purposes of determining ad valorem tax, say Mark Sommer and Elizabeth Ethington at Frost Brown Todd.
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Lead Like 'Ted Lasso' By Embracing Cognitive Diversity
The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.
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Now More Than Ever, Lawyers Must Exhibit Professionalism
As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.
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Reading Between The Lines Of Justices' Moore Ruling
The U.S. Supreme Court's recent Moore v. U.S. decision, that the Internal Revenue Code Section 965 did not violate the 16th Amendment, was narrowly tailored to minimally disrupt existing tax regimes, but the justices' various opinions leave the door open to future tax challenges and provide clues for what the battles may look like, say Caroline Ngo and Le Chen at McDermott.
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A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates
Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by the return of mergers and acquisitions and the widespread adoption of artificial intelligence, says Chuck Chandler at Valeo Partners.
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Another Crack In The Shield: SALT In Review
From the latest assault on a federal shield against taxing out-of-state businesses to an update on beer taxes, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.