State & Local

  • February 03, 2025

    Iowa Justices Decline To Hear Capital Gains Deduction Case

    The Iowa Supreme Court will not review an appellate court ruling that found two business partners were not eligible to claim a capital gains deduction for gains resulting from their individual sales of goodwill.

  • February 03, 2025

    Calif. Couple Can't Claim Biz Loss, OTA Says

    A California couple cannot claim a business loss deduction for the company they were partners in because they were calendar-year taxpayers and the loss occurred in the wrong year, the state Office of Tax Appeals said in a ruling released Monday.

  • February 03, 2025

    Ill. Bill Seeks Tax Break For Megaproject Building Materials

    Illinois would provide an exemption from any state or local use tax or retailers occupation tax for building materials incorporated into real estate at what are known as megaproject sites as part of a bill filed in the state House of Representatives.

  • February 03, 2025

    Ill. House Floats Income Tax Deduction Bill For Union Dues

    Illinois would create an income tax deduction for union dues for taxpayers who weren't allowed a deduction under federal law as part of a bill filed in the state House of Representatives.

  • February 03, 2025

    Calif. Couple's Stock Income Subject To State Tax, OTA Says

    A California couple is liable for tax and interest assessed on their exercising of nonqualified stock options and vesting of restricted stock units because the income was sourced to the state, the state Office of Tax Appeals said in a ruling released Monday.

  • February 03, 2025

    Ariz. Justices OK Energy Co.'s Depreciation In Tax Value Fight

    The depreciated value of a component of a power transmission company's facilities may be negative for purposes of calculating the property's tax value, the Arizona Supreme Court ruled, partly vacating an appeals court decision.

  • February 03, 2025

    Minn. Senate Bill Seeks Cuts To Corporate Income Tax Rate

    Minnesota would phase down its corporate franchise tax rate and its alternative minimum franchise tax rate over the next two years under a bill introduced in the state Senate on Monday.

  • February 03, 2025

    Iowa Couple Missed Chance For Solar Tax Credits, Judge Says

    An Iowa couple were properly denied solar energy tax credits because they failed to file their application for the credits on time, an administrative law judge ruled.

  • February 03, 2025

    RI House Bill Would Exempt Beer From Sales And Use Tax

    Rhode Island would exempt beer and malt liquors from the state's retail sales and use tax as part of a bill introduced in the state House of Representatives.

  • February 03, 2025

    Minn. Senate Bill Seeks Broadband Fiber Sales Tax Exemption

    Fiber and conduit purchased or leased in Minnesota by internet service providers would be exempt from state sales and use tax under a bill introduced in the state Senate on Monday.

  • February 03, 2025

    RI Bill Would Allow Taxes On College Endowments Over $1B

    Rhode Island would allow cities and towns to tax private university and college endowments of more than $1 billion under a bill introduced in the state House of Representatives.

  • January 31, 2025

    Dry Spell In High Court SALT Cases Leaves Gaps In Tax Rules

    A roughly six-year dry spell in significant state and local tax rulings from the U.S. Supreme Court has left some tax practitioners wanting for clarity about how dormant commerce clause precedent should be applied to cross-border transactions in the modern economy.

  • January 31, 2025

    The Tax Angle: TCJA Renewal Cost, ACA Credits, OMB Pick

    From a look at the budget impact of renewing the 2017 tax overhaul law to uncertainty surrounding the renewal of Affordable Care Act premium tax credits and the nomination of a new chief of the Office of Management and Budget, here's a peek into a reporter's notebook on a few of the week's developing tax stories.

  • January 31, 2025

    Ga. Bill Seeks Homebuilding Sales Tax Break For Nonprofits

    Georgia would provide a sales and use tax exemption for property used by nonprofit organizations to build or repair affordable housing as part of a bill introduced in the state House of Representatives.

  • January 31, 2025

    Akin Hires Tax Pro From Cooley In London

    Akin Gump Strauss Hauer and Feld LLP announced Friday that a partner at Cooley LLP will join as a tax partner in Akin's London office later in 2025. 

  • January 31, 2025

    Pa. Gov. Unveils Energy Plan Funded By Tax Credits

    Pennsylvania would invest in energy projects across the commonwealth, streamlining their approval and investing in certain projects with money from unused tax credits under a plan announced by Gov. Josh Shapiro.

  • February 04, 2025

    Law360 Seeks Members For Its 2025 Editorial Boards

    Law360 is looking for avid readers of our publications to serve as members of our 2025 editorial advisory boards.

  • January 31, 2025

    Colo. House Panel OKs $34M Tax Credit To Attract Sundance

    Colorado would create a refundable tax credit worth up to $34 million over 10 years as part of a package to attract the Sundance Film Festival to the state under legislation approved by a House committee.

  • January 31, 2025

    Tax Group Of The Year: Sullivan & Cromwell

    Sullivan & Cromwell LLP's diverse tax practice went from strength to strength this year, from advising well-known companies like Boeing and Discover that inked multibillion-dollar deals to counseling industry leaders in shaking up their sectors, helping it earn a place among the 2024 Law360 Tax Groups of the Year.

  • January 31, 2025

    Mich. General Revenues Through Dec. Up $228M

    Michigan's general revenue collection from July through December outpaced collection in the same period last year by $228 million, according to the state's Budget Office.

  • January 31, 2025

    Taxation With Representation: Cravath, Gibson Dunn, Milbank

    In this week's Taxation with Representation, Eversource Energy sells Aquarion Water Co., Diversified Energy Partners acquires oil and gas company Maverick, Lantheus Holdings buys Evergreen Theragnostics, and NASCAR champion Jimmie Johnson becomes the majority owner in the Legacy Motor Club racing team.

  • January 31, 2025

    Miss. House Bill Seeks To Exempt Diapers From Sales Tax

    Mississippi would exempt children's diapers from sales tax as part of a bill introduced in the state House of Representatives.

  • January 31, 2025

    NM Senate Bill Floats Quantum Facility Tax Credit

    New Mexico would allow quantum technology companies to claim a corporate income tax credit against the cost of creating facilities in the state under a bill introduced in the state Senate.

  • January 30, 2025

    Ga. Bill Would Allow CPA Affidavits In Lieu Of Tax Returns

    Georgia would allow businesses with locations in more than one jurisdiction to provide affidavits of certified public accountants in lieu of tax returns for purposes of allocating their gross receipts under a bill introduced in the state House of Representatives.

  • January 30, 2025

    Fla. Panel Stands Firm On Tossing Fiserv's Tax Sourcing Fight

    A Florida state appeals court declined to reconsider its dismissal of a group of Fiserv entities' challenges to the state's method of sourcing their receipts, another blow to the companies after a lower court walked back rulings in their favor.

Expert Analysis

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • Tops In Their Field: SALT In Review

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    RSM's David Brunori begins 2025 with a second annual roundup of the nation's best state tax agencies.

  • How Changes In State Gift Card Laws May Affect Cos. In 2025

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    2024 state legislative movements around the escheatment of unused gift card balances and consumer fraud protections should prompt issuers to consider whether changes in company domicile or blanket cash-back policies are needed in the new year, say attorneys at Alston & Bird.

  • An Associate's Guide To Career Development In 2025

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    As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.

  • Making The Pitch To Grow Your Company's Legal Team

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    In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.

  • When US Privilege Law Applies To Docs Made Outside The US

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    As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.

  • The Right Direction Is South: SALT In Review

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    From Louisiana's tax overhaul to the Mississippi governor's quest to repeal the individual income tax, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

  • 6 Changes I Would Make If I Ran A Law School

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    Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

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    Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.

  • Think Like A Lawyer: 1 Type Of Case Complexity Stands Out

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    In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.

  • Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity

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    Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.

  • Litigation Inspiration: Reframing Document Review

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    For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.

  • California Supreme Court's Year In Review

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    Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court's last term, including voter initiatives, hostile work environment and the economic loss rule.

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