Upcoming National Meeting

2021 Sales & Transactional Tax Webinar

The Sales & Transactional Tax Webinar will provide attendees with timely updates on the most pressing topics in the indirect tax space. Planned sessions include: the Impact, issues & concerns that still exist over two years after the U.S. Supreme Court’s reversal of its physical presence precedent (Wayfair); Digital Advertising Tax Initiatives; Good Tax Administration; Local Transactiona

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Newsletters & Media

Legislative Alert

ISSUE 21-03; January 19, 2021

COST Supports Montana Legislation to Change the Reporting of Federal Tax Adjustments, Recommends Additional Improvements; COST Opposes Indiana Unclaimed Property Bill

Cost Conscious

ISSUE 21-01; January 15, 2021

Mandatory Unitary Combined Reporting – Mandatory unitary combined reporting bills have been introduced in Virginia and Maryland again, and we realize that our members’ views on mandatory unitary combined reporting may be evolving. To help us focus our advocacy efforts and any necessary changes to the COST policy position opposing mandatory unitary combined reporting, which of the following best de

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Bloomberg TAX

Nevada's Covid-19 Comeback Plan Goes Beyond Las Vegas Tourism

 

Nevada Gov. Steve Sisolak is banking on clean energy and remote work to help rebuild the state's economy and boost employment after the damage done by the coronavirus pandemic, he said Tuesday during his State of the State address.

Opportunity Zone Investors Get More Covid-19 Relief

 

The IRS provided further deadline leeway for opportunity zone fund managers and investors reaping the contentious tax breaks for funneling money into mostly distressed areas.

SBA Says 60k PPP Loans Have Been Approved Since Reopening

 

The Small Business Administration says it has approved nearly 60k loan applications since the Paycheck Protection Program reopened January 11, according to a statement.

Work-From-Home Means Tax Compliance Questions for TravelCenters

 

Truck stop behemoth TravelCenters of America already pays a myriad of state and local taxes for its 250 locations across the U.S., but the work-from-home shift of the pandemic is causing its head of tax to lose sleep worrying about new compliance problems.

BGOV OnPoint: Tax Extender Deadlines Shift, Set Up Future Debate

 

About 30 temporary tax provisions that were renewed in December on a staggered schedule will set up fresh debates when their deadlines approach.

Online Sports Betting in Michigan to Begin This Week

 

Michigan will begin taking online sports bets this Friday, the state’s Gaming Control Board announced Tuesday.

Cuomo Worst-Case Budget Seeks Tax Hike on NYC Top Earners (1)

 

New York Gov. Andrew Cuomo unveiled a budget proposal on Tuesday that could lift the top income-tax rate for New York City residents to a record level to help close a two-year $15 billion gap if the Biden administration fails to deliver on a slice of the $350 billion in promised state and local aid.

'Sin' Taxes on Sports Bets, Legal Pot Gain Steam as Virus Rages

 

States that shunned so-called sin businesses like marijuana and sports betting not long ago are quickly joining the trend to tax those industries as lawmakers grope to close deficits that have grown during the pandemic.

Brexit’s Surprise New Beginning for DAC6 in the U.K.

 

Among the tax implications of the U.K. officially ending its status as a transitional member of the EU is a more relaxed approach to some mandatory reporting obligations.

Big Law Should Not Ignore Dangerous Political Events—How to Take a Stand

 

Ignoring political events as dangerous as those this month carries risks for Big Law. Michael Gordon, principal of Group Gordon and former Skadden attorney, advises on how law firms should take a position and clearly communicate it.

Tax Notes

South Carolina ALJ Clarifies Order in County Tax Fund Audit Suit

 

A South Carolina judge clarified his reasons in Richland County v. Department of Revenue for concluding that he has jurisdiction in a county’s challenge to an audit finding that it misused more than $30 million in local sales and use tax funds.

Louisiana Board Says Rental Company Not Entitled to Credit

 

The Louisiana Board of Tax Appeals held in HERC Rentals Inc. v. Robinson that a heavy equipment rental company could not claim the inventory tax credit because its equipment was not held out for sale during the ordinary course of business.

Lawmakers Debate Montana Tax Haven Reform Bill

 

Lawmakers in Montana are considering updates to the state’s tax haven law, while business groups advocate for the list to be abolished.

Kansas Task Force Warns Against Decoupling, Calls for Marketplace Facilitator Law

 

Kansas should avoid selectively decoupling from federal income tax provisions and should require marketplace facilitators to collect sales tax, according to the Governor’s Council on Tax Reform.

District Court Erred in Tax Preemption Dispute, South Dakota Says

 

In an appellate brief filed in Flandreau Santee Sioux Tribe v. Terwilliger, South Dakota officials argued that a federal district court improperly determined that the state cannot impose an excise tax on a non-tribal contractor’s services to renovate and expand a Native American casino.

Virginia Democrats Seek to Legalize, Tax Recreational Marijuana

 

Virginia Democrats have introduced a bill backed by the governor that would legalize and tax marijuana and use the revenue to fund social programs.

Portland, Oregon's Proposed Climate Fees Are Taxes, COST Warns

 

Portland, Oregon's proposed Healthy Climate and Clean Air Protection fees are actually taxes that would require voter approval, according to the Council On State Taxation.

Idaho Governor Proposes Tax Relief, Spending Cuts

 

Idaho Gov. Brad Little (R) has proposed tax cuts to help the state maintain a budget surplus and competitive tax rates while also providing relief to state residents.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Massachusetts Supreme Judicial Court in Oracle USA, Inc., et.al. v. Commissioner of Revenue

This case is an appeal by the Commonwealth of a taxpayer-favorable decision at the Massachusetts Appellate Tax Board (ATB). This sales tax case involves a sale of software purchased by a business for use in multiple states. The ATB held that the taxpayer could apportion the sales tax based on the users in and out of state after the sales tax return was filed, by utilizing the abatement process an

COST - Council on State Taxation

COST Studies, Articles & Reports

2021 State and Local Amnesty Programs

Tracker of most state and local tax amnesty programs enacted and conducted in 2021.

COST - Council on State Taxation

COST Comments & Testimony