Upcoming National Meeting

2021 State and Local Tax Webinar for the Tech Industry

The workshop/webinar will cover the key state and local tax issues that technology companies are facing over the span of 2 days. This workshop/webinar is for someone with all levels of state and local tax experience. No advanced preparation is needed. Only employees of COST member and non-COST member companies are invited to attend.

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Newsletters & Media

Legislative Alert

ISSUE 21-31; July 27, 2021

DC Council Moves Forward With Budget Talks, Including New Unclaimed Property Law; Nebraska, Kansas Provide Guidance on Withholding Policies for Remote Workers

Cost Conscious

ISSUE 21-14; July 16, 2021

What’s Next for Remote Workers After New Hampshire v. Massachusetts? – With the U.S. Supreme Court’s denial of New Hampshire’s Motion for Leave to File a Bill of Complaint in New Hampshire v. Massachusetts, what do you think will happen next regarding the “convenience of the employer” rule, remote workers, and telework?

Twitter

Bloomberg TAX

States Net $20 Million in Back Taxes Through Voluntary Program

 

States participating in the Multistate Tax Commission's voluntary disclosure program collected $20,269,587 in taxes in the fiscal year running from July 1, 2020 through June 30, 2021, down $1,281,700 from the prior fiscal year.

$11 Million Tax Break for Land Deal Rightly Denied, U.S. Says

 

The IRS rightly denied a nearly $11 million tax deduction dealing with a Georgia land deal because the transaction didn't satisfy deduction requirements, government officials told a federal court.

Minnesota Builders Say Towns’ Fees Amount to Disguised Tax

 

Minnesota home builders are suing two Minneapolis suburbs, alleging their permitting fees are designed to generate an “enormous revenue surplus” in violation of a state law limiting such charges to the actual costs of the services provided.

Michigan Court Rules Against Wave of Tax Foreclosure Litigation

 

Michigan counties shouldn't have to repay the potentially billions of dollars in tax foreclosure profits they illegally received for more than two decades, a state circuit court judge ruled Tuesday.

State Revenues Nearly At Pre-Pandemic Levels, Pew Reports

 

State tax revenues are bouncing back faster than they did in the Great Recession, thanks to Covid-19 vaccinations, an easing of public health restrictions, and nearly $2 trillion in federal aid, the Pew Charitable Trusts said Tuesday.

Ohio Tax Board Reasonable to Rely on CPA’s Racetrack Appraisal

 

An Ohio racetrack property was correctly valued by a state tax board, which relied on the report of a CPA, an Ohio appeals court found.

NYC’s Empty Office Buildings Could Gut Tax Revenue: Barclays

 

Tax-revenue declines for commercial real estate that has been hurt by the Covid pandemic may pressure New York City tax real estate receipts over the longer term, according to Barclays. This could be the main risk to the city’s budget, Barclays analysts wrote in a research note last week, citing potential impact on the office market and, to a lesser extent, multifamily buildings.

Cannabis Practice Creates Ethical Traps, Conflicts for Lawyers

 

Ethical and legal snags abound for lawyers representing cannabis industry clients in the growing number of states where weed is legal, requiring extra due diligence to ensure compliance, attorneys familiar with the rapidly evolving business tell Bloomberg Law.

Wealth Taxes Can’t Satisfy Constitutional Requirements

 

Wealth taxes are a popular topic right now—or unpopular topic—depending on your ideological stance. Erik Jensen of Case Western University explains why any such tax would face and very likely not survive a Constitutional challenge.

California Court of Appeal Finds Parcel Tax for San Francisco Unified School District Lawfully Enacted

 

The California Court of Appeal July 26 found the city and county of San Francisco's parcel tax to fund public school districts was a valid citizens' initiative for property tax purposes. San Francisco filed a complaint to validate Proposition G, an initiative entitled "Parcel Tax for San Francisco Unified School District." Taxpayers appealed from the trial court's judgment rejecting their attempt to invalidate the initiative, contending the initiative needed a two-thirds majority to pass and was conceived and promoted by local government officials. The court of appeal found: 1) the two-thirds vote requirement didn't apply to the voters' initiative; 2) the city's charter didn't compel a supermajority vote for passage of local initiatives; and 3) the state constitution's supermajority vote requirements don't displace the people's power to enact initiatives by majority vote. Therefore, the court of appeal denied Taxpayers' appeal. [City & Cty. of S.F. v. All Pers. Interested in the Matter of Proposition G, Cal. Ct. App., No. A160659, 07/26/21]

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Rockey and Linda Piazza and Paul Dennucci, as Assignees of Best Buy Stores, Inc. v. Glenn Hegar

On June 2, COST filed a joinder to an amicus brief of the Texas Retailers Association and the National Retail Federation filed in support of the taxpayers’ Motion for Reconsideration.

COST - Council on State Taxation

COST Studies, Articles & Reports

COST - Council on State Taxation

COST Comments & Testimony

Concerns with Unclaimed Property Provisions in Ohio H.B. 110 and H.B. 348

COST sent a letter to Ohio Representative Derek Merrin (R) to encourage him to modify the amendments Am. Sub. H.B. 110 made to R.C. 169.07, and also encourage him to consider certain amendments to H.B. 348 addressing unclaimed property.