News

Michigan and Missouri are the latest states that will collect tax on marijuana sales, but legalization may not be a sure-fire path to revenue.

<p>The casino industry is cheering the second professional sports data deal signed by MGM Resorts International as proof that states shouldn’t force casinos to pay “integrity fees” or buy league data as sports betting legislation sweeps across the country.</p>

<p>The winner of last night’s Mega Millions jackpot just became an instant billionaire. Well, before taxes.</p>

<p>California’s tax department is leaning toward following South Dakota’s law in a forthcoming notice directing online retailers to begin collecting and remitting sales tax on out-of-state sales as soon as next year.</p>

<p>Heavy pressure from the Ohio Attorney General enforcing a unique state tax law kept a Major League Soccer team from moving to Austin, Texas, despite the owner’s wishes.</p>

<p>Membership in an agreement designed to make it easier for companies to remit sales and use taxes to other states should be a pre-condition of states’ ability to require the collection of such taxes, representatives of the e-commerce industry said.</p>

<p>A Multistate Tax Commission work group examining state marketplace facilitator laws in the wake of the groundbreaking <em>Wayfair</em> decision homed in on a difficult conflict in such laws.</p>

<p>The nation’s capital could become the next jurisdiction to legalize sports betting.</p>

<p>Congress isn’t giving up on trying to regulate online sales tax collections.</p>

<p>In a post-<em>Wayfair</em> world, a state that disobeys the recommendations of U.S. Supreme Court Justice Anthony Kennedy could find itself in the crosshairs of future litigation, according to several state tax lawyers.</p>

<p>Property tax appeals by big-box retailers like Target and Kohl’s featuring the “dark-store loophole” are ramping up across Wisconsin, a survey of municipal assessment officials revealed.</p>

<p>Wealthy New Yorkers who plan to flee to more tax-friendly states like Florida should expect to be audited, tax practitioners told Bloomberg Tax.</p>

<p>Collection deadlines are too soon. States are coming for back taxes. Congress should still intervene.</p>

<p>States should simplify and be reasonable in changing online sales tax requirements after a pivotal U.S. Supreme Court victory. Otherwise, they risk congressional intervention, an e-commerce industry representative told Bloomberg Tax.</p>

Serious repercussions to international commerce are possible, but unlikely from the recent U.S. Supreme Court ruling that eased the ability of states to tax online sales, state tax lawyers told...

The dust is beginning to settle after the U.S. Supreme Court threw out a major obstacle to states’ ability to tax online sales.

<p>“The Internet revolution has made <em>Quill’s</em> original error all the more egregious and harmful.” These are the words the U.S. Supreme Court used today in rejecting its 26-year-old standard that barred states from collecting sales tax from out-of-state vendors.</p>

The U.S. Supreme Court is dealing with a monumental online sales tax case based on a decades-old precedent. Does this standard’s tenure make it more difficult to reverse?

The “tax flight” that New York feared would result from the new federal tax law may have begun.

Practitioners representing businesses are urging states to help their clients with guidance on the increasing complexities resulting from federal tax law changes.

Seattle’s City Council unanimously passed an employee head count tax it revised to placate the business community and hometown company Amazon.com Inc.

Sen. Michael B. Enzi (R-Wyo.) said he believes there will be an unprecedented amount of pressure on Congress if the U.S. Supreme Court maintains a law banning states from levying sales tax collection...

The pending digital sales tax case before the U.S. Supreme Court may turn out to be an example of being careful what you hope for, a Multistate Tax Commission attorney said.

U.S. Supreme Court Justices focused on the role of Congress and real compliance burdens for small businesses during oral arguments in a case concerning the constitutionality of digital...

The Multistate Tax Commission’s Online Voluntary Disclosure Program is estimated to bring in an additional $51.1 million in annual sales and use tax revenue to participating states, according to a...

A U.S. Supreme Court decision overturning its 26-year-old rule restricting states’ taxing authority over out-of-state sellers would “thwart ongoing congressional efforts to find a workable solution...

The U.S. Supreme Court shouldn’t upend a 26-year-old restriction on states’ taxing authority over remote retailers because state sales tax systems “remain inordinately complex and burdensome during...

It appears a digital sales tax provision will be absent from an omnibus spending bill despite a push from lawmakers to enact legislation before a pivotal U.S. online tax ruling can be handed down in...

A tax software company will offer a new tool to assist Fulfillment by Amazon sellers with remote sales tax compliance.

States could help preserve an approach to executive compensation popular with corporate shareholders after the new federal tax law eliminated its deductibility.

South Dakota’s latest filing with the U.S. Supreme Court reiterated the state’s call for the justices to annul a much-maligned constraint on states’ taxing authority over online retailers.

The future of marketplace-provider laws requiring Amazon-type platforms to collect tax on its third-party sales hinges on a monumental U.S. Supreme Court case, according to tax professionals.

Duke Energy Corp., American Electric Power Co. Inc., FirstEnergy Corp., and the Dayton Power and Light Co. are putting up a legal fight to rate reductions based on their decreased tax liabilities...

Alabama created another local property tax break for economic development as Gov. Kay Ivey (R) signed legislation Feb. 6 to help secure a recently announced Toyota/Mazda manufacturing plant.

<p>Six states that provide a deduction for federal taxes will look for ways to reduce an increased burden on taxpayers or to spend the extra loot stemming from the new federal tax law.</p>

Most states seeking to address the new federal partnership audit regime are in a holding pattern as they look for a model statute to provide guidance.

Twenty cities across the U.S. and Canada remain contenders in the largest corporate jobs contest in modern times after an Amazon announcement cleared more than 200 cities from the list of potential sites for its second headquarters.

State residents who rushed to prepay their 2018 property taxes before the end of the year deserve a deduction from the federal government, New York and New Jersey lawmakers told the IRS Jan. 9.

Several states are already pushing plans to mitigate the negative impact taxpayers may feel from the federal tax law’s new limit on the deductibility of state and local taxes on federal returns.

South Dakota has “manufactured an entirely inappropriate vehicle” for the U.S. Supreme Court to reconsider its 25-year-old decision restricting states’ ability to tax remote retailers, according to...

Online travel companies (OTCs) won a major victory against Illinois municipalities seeking millions of dollars in unpaid lodging taxes after a federal appeals court found their local ordinances...

It’s not certain that Rep. Bob Goodlatte’s (R-Va.) retirement will open the door to long-awaited federal legislation addressing states’ taxing authority over remote retailers.

The U.S. Supreme Court has dozens of state attorneys general and interest groups knocking on its door to take up the issue of states’ taxing authority over remote retailers.

Federal lawmakers and groups representing state and local governments are pushing back against a key deduction contained in the House Republican tax reform plan released Nov. 2.

Is the nationwide tidal wave of proposals for Amazon’s second headquarters an unprecedented incentive bonanza, a game-changer, or a PR-stunt precipitating a dozen more PR stunts?

Treasury Department recommendations to simplify Obama-administration documentation requirements on intercompany lending may be good news and bad news for states deciding whether to conform.

South Dakota’s Attorney General has filed the first of an expected wave of state petitions asking the U.S. Supreme Court to reconsider a 25-year-old opinion restricting states’ ability to tax remote retailers.

Groups representing state and local officials will lobby hard to persuade members of Congress not to go along with calls from President Donald Trump and GOP leaders to end the federal deduction for...

States that want to follow retroactive provisions of whatever tax reform package comes from Congress this year probably wouldn’t worry about legal challenges.

State and local governments may find themselves in a pickle when a new federal partnership audit regime goes into effect, according to a Sept. 11 letter addressed to Internal Revenue Service...

A Seattle-area restaurant owner accused of using software to hide receipts and steal sales tax revenue pleaded guilty Aug. 30 in the first such prosecution in the U.S., the Washington Attorney...

An influential tax group is asking the IRS to clarify how proposed regulations will implement certain aspects of the new federal partnership audit regime.

The U.S. has been among a small number of developed countries for most of the last century in resisting an academically revered economic policy—the value-added tax. Michigan’s failed VAT may help...

The stiff competition among states to lure the multibillion-dollar film and television industry with lucrative tax credits may be going through a Darwinian period where only the strongest survive.

Republicans’ failure to repeal the taxes underlying the Affordable Care Act makes eliminating the deduction for state and local taxes even more important to their tax reform plans.

Federal lawmakers’ efforts to control states’ taxing authority over remote retailers is adding pressure as potential federal tax reform threatens to further deplete states’ coffers.

A House-passed bill standardizing rules for taxing nonresident workers will face stiff opposition from large states that stand to lose millions in revenue, an original co-sponsor of the Senate...

Businesses that use trade shows to promote and sell their products would be well-advised to research the hosting state’s nexus rules if they hope to avoid long-term sales and use tax duties in that jurisdiction, tax practitioners told Bloomberg BNA.

A Chicago lawyer regarded as the most prolific tax whistle-blower in the U.S. will have to reconsider his relentless litigation strategy in light of a state appeals court finding him ineligible for...

The IRS proposed rules to implement the new partnership audit regime after a regulatory freeze delayed release of the guidance for five months.

Practitioners have rolled out draft model legislation that many hope will serve as the starting point for uniform state statutes addressing the new federal partnership audit regime.

The pressure to go into special session or take immediate action this year in response to federal tax reform no longer exists for state lawmakers and governors

Lawmakers’ strategy to strike a decades-old, state-border restriction on taxing sales may prove fruitful before the U.S. Supreme Court, according to a leading state and local tax practitioner.

State lawmakers and tax administrators are taking a closer look at enacting whistle-blower statutes as a strategy for prosecuting big-ticket incidents of tax fraud and scooping revenue into state coffers.

Most modifications materializing from a potential federal tax reform package would throw states’ personal and corporate income tax structures up in the air, according to a leading tax professional.

States and cities are fighting to preserve a deduction for taxes paid to local governments after the White House’s tax plan said it would jettison the popular tool.

States and taxpayers aren’t waiting for a fix to the new federal partnership audit regime as they wade further into it to assess how the law will shape state tax systems.

A subcommittee in the Connecticut Legislature heard testimony April 11 from the group called Patriotic Millionaires on a bill that would end the carried-interest tax advantage that benefits...

States’ collective agenda to rope in lost revenue from remote sales has yielded mixed results so far in 2017.

Rick Noonan said he wanted to cry when he heard the American Health Care Act was getting closer to becoming law.

Whether San Francisco should adopt an automation tax to replace taxes lost to automated jobs is the subject of a hearing proposed by a supervisor backing CEO pay surcharges.

The South Dakota Supreme Court could soon take up the state’s online sales tax that a lower court ruled unconstitutional.

A light has gone out in the state and local tax world with the passing of one of its most preeminent and beloved practitioners.

A controversial income tax break came back from the dead in the Kansas Legislature Feb. 22, but it appears to have little chance of ultimately surviving the current legislative session.

State efforts to carve out business personal property from taxation are gaining steam amid continuing calls for states to remove business inputs from the sales tax base.

States could run afoul of the Constitution by following a federal border-adjustments plan advocated by House Speaker Paul Ryan (R-Wisc.) to tax imports and exempt exports.

Justice Antonin Scalia’s potential successor may be cut from a similar judicial cloth—but it remains to be seen how the Supreme Court nominee could shape state tax issues.

As Colorado and Washington continue to experiment with legalized marijuana, state lawmakers’ attention has turned to preserving the new revenues and tweaking tax provisions. Meanwhile, at least nine...

Two of the most popular business structures for small business owners are limited liability companies (LLCs) and limited partnerships (LPs). These business entities offer a host of practical...

In Chinese astrology, 2016 is the year of the monkey, a symbol of mobility and action, apt for a year setting the stage for potentially massive tax overhauls. The coming year will be symbolized by...

Bloomberg BNA recently asked three prominent state and local tax thought leaders about changes they see on the horizon for 2017. Below are the responses from EY's Joe Huddleston, KPMG's Harley Duncan...

Alabama’s tax commissioner said she will ask the state Legislature to consider a Colorado-style reporting and notice requirement for out-of-state retailers that don’t collect and remit the state’s...

A California appellate court panel affirmed a trial court ruling that was a partial win for both Comcast and the Franchise Tax Board in a dispute about Comcast’s unitary ties with another company and...

<p>Sales of recreational and medical marijuana generated about $266.5 million in tax, license, and fee revenue in Colorado in 2018, with the state now approaching $1 billion in revenue since legal recreational pot sales began in 2014.</p>