State & Local
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November 05, 2026
Virgin Islands Tax Agency Denied Redo In NIIT Dispute
A U.S. Virgin Islands federal judge declined to rethink his order holding that the territory's residents are exempt from the net investment income tax, ruling that local revenue collectors' disagreement with his reasoning is not grounds for reconsideration.
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November 05, 2026
NH Revenues Through October Exceed Projections By $90M
New Hampshire's revenue collection from July through October was $90 million better than expected, according to a report by the state's Department of Administrative Services.
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November 05, 2026
Colo. City's Voters Approve $4K Tax On Vacant Homes
Vacant residential properties in Boulder, Colorado, will be subject to an excise tax starting at $4,000 annually under a ballot measure the city said was approved by voters.
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November 05, 2026
Iowa Receipts Through Oct. Rise $70M From Last Year
Iowa's total receipts from July through October were $70 million higher than last year, according to the state Department of Management.
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November 05, 2026
Alabama Nonprofit Isn't Eligible For Sales Tax Exemption
An Alabama nonprofit, while exempt from income tax, is not eligible for an exemption of state sales and use tax, the state Tax Tribunal ruled.
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November 05, 2026
Calif. Voters Extend Tax Rates For Highest Incomes
California's existing tax rates for the highest incomes will become permanent rather than expire in 2031, according to unofficial vote results announced Thursday by the California secretary of state.
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November 05, 2026
Faegre Drinker Hires Morgan Lewis Tax Partner In Philly
Faegre Drinker Biddle & Reath LLP has hired a Morgan Lewis & Bockius LLP tax associate as a partner, who is joining the firm in Philadelphia to continue working on federal income tax and other tax matters, according to a Wednesday announcement.
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November 04, 2026
NY Panel Tosses Challenge To Rollout Of NYC 2nd-Home Tax
A New York state appeals court threw out a challenge lodged by homeowners to the rollout of New York City's tax on high-value second homes, saying they lacked standing to bring the suit.
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November 04, 2026
Dems Outline 'Affordability' Tax Agenda After Midterm Sweep
When Democrats take control of Congress in January after midterm elections that boosted their numbers significantly in both chambers, they intend to use their majority to increase taxes on billionaires and corporations, end tariffs and make healthcare more affordable, the party's tax writers said Wednesday.
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November 04, 2026
DeSantis To Call Special Session For New Property Tax Breaks
Florida Gov. Ron DeSantis said Wednesday that he will call a special session for lawmakers to implement the homestead exemption hike approved by voters Tuesday, a measure expected to significantly reduce local property tax revenues.
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November 04, 2026
MVP: Paul Weiss' Brian Krause
Paul Weiss Rifkind Wharton & Garrison LLP partner Brian Krause assisted drug company Metsera in its up-to-$10 billion acquisition by Pfizer and served as the lead tax counsel during Keurig Dr Pepper's $18.4 billion acquisition of coffee company JDE Peet's, earning him a place among the 2026 Law360 Tax MVPs.
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November 04, 2026
Kansas Tax Receipts Through October $255M Over Estimate
Kansas' total receipts from July through October outpaced forecasts by $255 million, according to the state Division of Budget.
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November 04, 2026
Ark. Revenues Through Oct. $154M Ahead Of Estimate
Arkansas' net revenue from July through October exceeded expectations by $154 million, according to the state Department of Finance and Administration.
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November 04, 2026
Ore. Court Drops Shopping Center's Taxable Value By $3M
The taxable value of a 13-lot Oregon shopping center was cut by nearly half by the state's tax court, which relied on the owner's income analysis of the combined properties.
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November 04, 2026
Wyo. Will Not Partially Exempt Primary Residences From Tax
A Wyoming ballot measure that would've exempted 50% of a taxpayer's primary place of residence from property tax failed to get the approval of voters according to unofficial results Wednesday.
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November 03, 2026
3 Wash. Supreme Court Justices Poised To Keep Seats
Three incumbent Washington State Supreme Court justices held off challengers in Tuesday's election, and King County Superior Court judges emerged as front-runners for two other open spots on the state high court, according to preliminary results.
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November 03, 2026
Mo. Voters Reject Investment Fund To Replace State Taxes
Missouri voters rejected a constitutional amendment Tuesday that would have created a public investment fund intended to have its earnings replace all state taxes in the future.
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November 03, 2026
Iowa To Require Two-Thirds Votes For Income Tax Hikes
Future proposals to raise Iowa state income taxes will need supermajority approval from lawmakers under a ballot measure passed by voters Tuesday.
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November 03, 2026
Okla. Voters Reject Property Tax Assessment Limit
Oklahoma voters rejected a ballot measure that would have reduced the maximum percentage by which political jurisdictions are allowed to increase tax assessments on real property from one year to the next.
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November 03, 2026
Tenn. Voters Ban State From Enacting Property Tax
Tennessee will amend its constitution to bar the state from levying a property tax after voters approved the change Tuesday.
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November 03, 2026
NC Voters Cap State Income Tax Rate At 3.5%
North Carolina will amend its constitution to cap the state income tax rate at 3.5%, according to preliminary results of a vote Tuesday.
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November 03, 2026
NC Voters OK Limiting Property Tax Increases
North Carolina will amend its constitution to allow the state to impose restrictions on the ability of local governments to raise property tax rates, according to the preliminary results of a Tuesday vote.
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November 03, 2026
Fla. Voters Reject Agricultural Tools Tax Exemption
Florida voters rejected a proposed constitutional amendment Tuesday that would have exempted agricultural tools from property tax.
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November 03, 2026
Mass. Board Drops Tax Value Of Development Facing Delays
A cluster of unimproved properties with plans for development but facing permitting delays that hindered their marketability was overvalued by a local assessor, the Massachusetts Appellate Tax Board said.
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November 03, 2026
Mass. Board Matches Condo's Tax Value To Nearby Home's
A ranch-style condo unit with an unobstructed water view was overvalued, the Massachusetts Appellate Tax Board said, lowering its valuation to that of a similar home on a slightly larger property farther from the water.
Wash. Voters Reject Repeal Of Tax On Millionaires
Washington will allow taxation of individual income and, in turn, keep a recently approved high-earner tax, the state's governor said Wednesday.
Fla. Voters Approve Homestead Exemption Increase
Florida voters approved a constitutional amendment Tuesday that will hike the state's homestead exemption and is estimated to reduce property tax revenue by billions of dollars annually.
Calif. LLC Must Report Allocated Income, OTA Says
A California owner of a limited liability company that held an ownership interest in a partnership is required to recognize all the income allocated to it even though the distributions it received are lower than the allocation, the state Office of Tax Appeals said.
Wash. Voters Reject Repeal Of Tax On Millionaires
Washington will allow taxation of individual income and, in turn, keep a recently approved high-earner tax, the state's governor said Wednesday.
Fla. Voters Approve Homestead Exemption Increase
Florida voters approved a constitutional amendment Tuesday that will hike the state's homestead exemption and is estimated to reduce property tax revenue by billions of dollars annually.
Calif. LLC Must Report Allocated Income, OTA Says
A California owner of a limited liability company that held an ownership interest in a partnership is required to recognize all the income allocated to it even though the distributions it received are lower than the allocation, the state Office of Tax Appeals said.
Editor's Pick
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2026 Tax Ballot Measure Map
Citizens across the country will be tasked with deciding significant tax-related measures when they head to the polls in November, including proposals to impose a one-time 5% wealth tax on billionaires, ban state-level property tax in Tennessee and make income tax changes in numerous states.
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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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Data Center Tax Breaks Face Election-Year Political Pushback
States across the country and political divide moved in 2026 to curb tax breaks for data centers, and the issue has featured prominently ahead of Tuesday's elections as candidates pledge to end or pull back on their exemptions for sales and property taxes.
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Tax Policy To Watch After The Midterm Elections
When lawmakers return to Washington, D.C., after the midterm elections, proposals to overhaul the Internal Revenue Service's administration could be ripe for inclusion in a year-end package if the goal is to clear the decks before the next legislative session, according to tax policy observers. Here, Law360 takes a look.
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3 Ways Burgeoning AI Use Can Trip Up Benefits Providers
As the use of artificial intelligence in the employee benefits space grows, experts warn that companies need to be vigilant to guard against mishaps caused by the emerging technology. Here, Law360 looks at three areas where benefits attorneys say AI can cause legal headaches.
Expert Analysis
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The Invisible AI Danger That May Undermine Legal Profession
A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries, but the bigger risk underlying attorneys’ use of such tools is that they will slowly surrender their judgment to AI and lose analytical skills, says Massachusetts District Court Associate Justice Brian Palmucci.
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How AI Could Help Judges Spot Their Own Biases
In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardrails, say Arnold Peter at Peter Law and Nancy Rapoport at University of Nevada.
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Wishing A Rate Would Stay The Same: SALT In Review
From a proposed move toward graduated income tax rates in Pennsylvania to a Missouri amendment intended to eliminate all taxes there, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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3 Strategies To Reduce AI Sycophancy In Legal Work
The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attorneys’ confirmation bias when testing the strength of arguments, and it can’t simply be prompted away — but a few practices can help mitigate it, says Michael Ott at Ice Miller.
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Tariffs Could Be Behind Surge In FTZ Production Filings
As tariffs reshape production sourcing decisions, manufacturers are seeking foreign trade zone production authority at more than twice last year's pace, making it important to consider the potential duty and export benefits, along with review delays and restrictions that can curb savings, say attorneys at Sidley.
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Transfer Pricing Analyses May Apply To Tariff Refunds Claims
Both plaintiffs and defendants in consumer class actions over tariff refunds should examine transfer pricing analyses, which can offer contemporaneous evidence as to how much of a tariff was borne in the U.S. by the importer or consumers rather than absorbed earlier in the supply chain, say economists at The Brattle Group.
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Allowed To Usurp A Power Of Congress: SALT In Review
From a defeat in court for challengers of a New Jersey rule on businesses online to a proposed supermajority requirement in Iowa, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Importer Risk Rises As AI Enters Trade Fraud Enforcement
The Trump administration's new data-driven and artificial intelligence-enabled push against tariff evasion raises the stakes for companies with global supply chains, making it crucial that they consider strengthening response protocols, documentation and internal reporting mechanisms, say attorneys at Cooley.
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What Lawyers Should Know Before Accepting Crypto Payment
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As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.
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Why And How To Build A Neurodiversity-Informed Practice
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.
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Illinois Banking Brief: All The Notable Legal Updates In Q3
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.
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The Courts Are There For A Reason: SALT In Review
From a challenge to Illinois' taxing of digital advertising and social media to the Montana governor's call for a flat income tax, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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What's Next For Prediction Markets If States Win At High Court
While the Supreme Court hasn't taken up a prediction market case yet, a high court win for the states in their quest to regulate the exchanges would likely mean a wave of state legislature bills and regulatory guidance arriving on different timelines, rather than a single uniform transition, says Howard Herndon at Bradley Arant.