State & Local
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November 03, 2026
Latham Hires Tax Partner In DC From Morgan Lewis
Latham & Watkins LLP has hired a former Morgan Lewis & Bockius LLP partner who spent 16 years with his previous firm working on tax and employee benefits issues.
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November 02, 2026
Ill. Draft Rules Detail Scope Of Digital Ad Tax
Targeted advertising services that can be performed with only minimal help would be subject to Illinois' digital advertising tax under draft rules released by the state's tax agency.
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November 02, 2026
Calif. OTA Says Pfizer Unit's Credits Can Offset AMT
A biopharmaceutical company that's now part of Pfizer was entitled to use research tax credits to offset alternative minimum tax liabilities, the California Office of Tax Appeals said in an opinion released Monday, overturning a state tax agency.
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November 02, 2026
Calif. Man Responsible For Furniture Co.'s Unpaid Tax
A California man who was the CEO and CFO of a now defunct furniture outlet company is responsible for nearly $1.5 million in unpaid taxes and penalties, the state Office of Tax Appeals said in a ruling released Monday.
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November 02, 2026
MVP: Gibson Dunn's Michael Cannon
Michael Cannon, a partner in Gibson Dunn & Crutcher LLP's Dallas office, co-led the tax team advising SpaceX on its pivotal transactions that wrapped up this year, including the largest initial public offering and M&A of all time, earning him a spot as one of the 2026 Law360 Tax MVPs.
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November 02, 2026
Ohio Board Denies Religious Tax Break For Now-Empty Land
An Ohio property that was a church prior to sustaining storm damage and being demolished is not eligible for a religious property exemption, the state Board of Tax Appeals ruled Monday.
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November 02, 2026
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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November 02, 2026
Maine Revenue Through Sept. Beat Estimates by $27M
Maine's general fund revenue collection from July through September was $27 million ahead of forecasts, according to the Department of Administrative and Financial Services.
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November 02, 2026
Mo. Commission Declines To Value Lowe's Stores As Vacant
A Missouri State Tax Commission panel rejected arguments from Lowe's that four of the home improvement giant's store properties should be assessed for property tax purposes as though they were vacant, saying that method would value the properties based on hypothetical conditions.
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November 02, 2026
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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October 30, 2026
Law360 MVP Awards Go To Top Attorneys From 89 Firms
The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.
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October 30, 2026
Colo. Justices Keep Graduated Income Tax Measure On Ballot
The Colorado Supreme Court Friday affirmed the dismissal of a man's complaint seeking to have an initiative to raise taxes on the state's wealthiest residents removed from the ballot due to some petition entities not registering their circulators properly with the state.
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October 30, 2026
Hedge Fund Exec Fights $40M In IRS Foreign Reporting Fines
A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative rules in imposing fines linked to his bankrupt Texas tycoon father's international accounts.
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October 30, 2026
Mo. Court Rejects Challenge To Property Tax Increase Caps
A challenge to voter-approved local caps on residential property tax hikes in Missouri was struck down by a state circuit court, which found the taxpayers and taxing authorities involved did not have standing to bring the suit.
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October 30, 2026
Int'l Tax In October: UK Targets Banks, US Nixes Spinoff Rule
The U.K. government issued its first budget under a new prime minister in October and is looking to the banking industry to boost revenue, while in the U.S., a dispute over a Minnesota medical device company's pricing with a Puerto Rican affiliate could require a third Tax Court trial after settlement talks failed. Here, Law360 looks at the top international tax developments from the past month.
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October 30, 2026
Buchalter Adds Tax Pro In Dallas From Jackson Walker
Buchalter PC's rapid growth in Texas continues with the addition of a Dallas-based tax partner who came aboard from Jackson Walker LLP.
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October 30, 2026
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.
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October 30, 2026
Philly Bill Pitches Tax On Services Performed By Robots
Philadelphia would impose taxes on automated services that used to be performed by humans under legislation introduced in the City Council.
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October 30, 2026
Texas Comptroller Targets $12.5B In Unclaimed Property
Texas' tax agency said Friday that $12.5 billion in property is waiting to be claimed as the program begins to modernize through incorporating new software and artificial intelligence.
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October 30, 2026
Ky. Lawmaker Pitches Property Tax Relief Amendment
Kentucky would create a constitutional amendment that would allow the state Legislature to grant a full or partial property tax exemption for permanent residences under a measure announced by a state senator.
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October 30, 2026
Texas Proposes End To Tax On Electronic Medical Records
Texas' tax agency would no longer assess sales tax on online services that allow healthcare providers to access medical records, according to a proposed rule released Friday in which they wouldn't be considered taxable data processing tools.
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October 30, 2026
Taxation With Representation: Kirkland, Gibson Dunn, Cravath
In this week's Taxation with Representation, Blackstone, Bank of America, Citi and Morgan Stanley announce a financing structure to buy Broadcom artificial intelligence chips and network components for Anthropic, EQT acquires Range Resources to create a powerhouse natural gas company, and DoorDash buys Instacart.
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October 30, 2026
Mich. Revenue Through 2026 Fiscal Year Up $1.6B
Michigan's general fund revenue from October 2025 through September 2026 was $1.6 billion higher than the preceding fiscal year, the state Budget Office said in a report released Friday.
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October 30, 2026
Billionaire Tax Headlines Calif. Tax Ballot Measures
Of the many state and local tax measures voters will see on their ballots Tuesday, none is poised to have a greater impact than California's Proposition 40, which would levy the nation's first-ever tax on the wealth of billionaires.
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October 29, 2026
Treasury Asked To Narrow Crackdown On Fund Strategies
The U.S. Treasury Department should develop targeted rules distinguishing abusive transactions from long-standing investment management practices in new enforcement that scrutinizes novel strategies exploiting the tax benefits of certain investment vehicles and financial products, firms and organizations told the department.
Expert Analysis
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AI Meeting Recaps Pose New Discovery And Privilege Risks
The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.
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Playing Bid Whist Makes Me A Better Lawyer
As a child, I viewed bid whist as a family tradition and a source of friendly card game competition, but as a lawyer, I see it as a tool that has helped me cultivate skills like communication, teamwork, risk assessment and composure, says Keyonn Pope at Riley Safer.
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Md. Digital Tax Ruling Is A Road Map For Future Challenges
Three Maryland Tax Court rulings that recently struck down the state's digital advertising tax suggest constitutional and statutory vulnerabilities that could be used to challenge newly enacted digital services laws or legislation being considered by other states, say attorneys at Holland & Knight.
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Calif. Bill Goes Too Far In Trying To Regulate Attorney AI Use
California’s first-in-the-nation act regulating how attorneys and arbitrators use generative artificial intelligence will likely soon become law, but read broadly, the provisions may dissuade lawyers from employing AI at all, thereby depriving them of key work tools, says Joshua Wurtzel at Schlam Stone.
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Not What The Law Says: SALT In Review
From an appellate ruling on a deduction in Alabama to a California tax credit that would support journalists, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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What To Expect From Colorado's New Artist Co. Structure
Colorado's newly established class of artist companies, or A-Corps, provides a useful structure for small-scale ventures, but challenges could arise for more complex business plans, and limitations on investor participation may limit widespread adoption, say attorneys at Armstrong Teasdale.
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Attorneys Using AI May Have Ethical Duty To Redact Docs
The trajectory of legal ethics guidance in recent years strongly suggests that as redaction technology becomes more accessible, the failure to use it when uploading highly confidential materials into artificial intelligence tools will become increasingly difficult to defend as reasonable, say attorneys at Lewis Brisbois.
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Md. Court Got Ad Tax Similarity Analysis Wrong
Decisions striking Maryland’s digital advertising tax are fundamentally flawed because the Maryland Tax Court found similarity between digital ads and other ads without considering deep market distinctions, says Darien Shanske at UC Davis School of Law.
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Credit Where It Is Due: SALT In Review
From the Texas comptroller's plan to reform his state's tax system to the reduction of an income tax credit in New York City, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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NY Tax Talk: Evaluating The Sales Tax Vendor Relief Program
New York state’s new penalty abatement and interest discount program, recently enacted alongside mandated sales tax vendor reregistration, may be most useful for vendors that recently lost a protest or have not yet fully paid all the interest and penalties associated with an assessment, says Elizabeth Cha at Eversheds Sutherland.
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Taekwondo Makes Me A Better Lawyer
Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and that the best outcomes are often achieved by solving problems — all of which has improved my work as a bankruptcy lawyer, mediator and Subchapter V trustee, says Amy Denton Mayer at Berger Singerman.
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Score One Very Big One Against Illegal Taxes: SALT In Review
From the defeat of Maryland's digital advertising tax to a Missouri election that defied expectation, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
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Being In A Band Made Me A Better Lawyer
Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.