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Daily Tax Report: State
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Sports Gambling Apps Wrote Their Own Rules After Lobbying Blitz (1)

Accounts of sport betting lobbying across several states— revealed in dozens of interviews as well as documents obtained by Bloomberg News under public records laws — provide a window into how gambling interests and sports franchises tilted the playing field of a newly turbo-charged industry in their favor.

Cannabis Industry Tax Penalty Gets Attention From More States

The week in state tax news: A growing number of states are decoupling from a federal rule that imposes a tax penalty on legitimate cannabis companies by barring them from claiming business deductions for their operations. Meanwhile, Ohio is the latest state to find streaming entertainment services aren’t liable for local franchise fees. And Illinois is sweetening its tax incentives for electric vehicle manufacturers.

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Tax Your Crypto and NFTs? Yes, the IRS Wants Its Cut

Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.

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How 'Unfair' Property Taxes Crush New Yorkers