BGOV Hill Watch: Lawmakers Return for Packed July Work Period
Lawmakers return this week, aiming to make progress on key authorizations and appropriations ahead of August recess and looming deadlines this fall.
The week in state tax news: New York is on the verge of doing something unprecedented in both state and federal law, which is to create a searchable database of the beneficial owners of shell companies. Meanwhile, New Jersey and Minnesota enacted conflicting laws addressing the taxation of GILTI, global intangible low-taxed income.
An online seller’s constitutional challenge to Louisiana’s sales tax system can’t be heard in federal court, the US Court of Appeals for the Fifth Circuit affirmed.
A spending bill that increases tax benefits for seniors, creates a paid family leave program, and makes Maine’s dependent exemption tax credit refundable is heading to Gov. Janet Mills (D), who has said she will sign it.
A for-profit ship repair business can’t avoid property taxes even though it operates at a government-owned deepwater port, a Florida appeals court ruled Friday.
Airport properties owned by Hillsborough County, Fla., qualify for property tax exemptions because they serve a “governmental purpose,” a state appeals court ruled Friday.
Lawmakers return this week, aiming to make progress on key authorizations and appropriations ahead of August recess and looming deadlines this fall.
This week, our experts covered topics ranging from Wisconsin’s repeal of its business personal property tax to Canada’s proposed new transfer pricing rules. For a look at the latest commentary and analysis, check out our weekly roundup.
The week in state tax news: New York is on the verge of doing something unprecedented in both state and federal law, which is to create a searchable database of the beneficial owners of shell companies. Meanwhile, New Jersey and Minnesota enacted conflicting laws addressing the taxation of GILTI, global intangible low-taxed income.
A spending bill that increases tax benefits for seniors, creates a paid family leave program, and makes Maine’s dependent exemption tax credit refundable is heading to Gov. Janet Mills (D), who has said she will sign it.
A for-profit ship repair business can’t avoid property taxes even though it operates at a government-owned deepwater port, a Florida appeals court ruled Friday.
An online seller’s constitutional challenge to Louisiana’s sales tax system can’t be heard in federal court, the US Court of Appeals for the Fifth Circuit affirmed.
San Francisco’s sluggish recovery from the pandemic may end up costing the city its pristine top-tier credit
Airport properties owned by Hillsborough County, Fla., qualify for property tax exemptions because they serve a “governmental purpose,” a state appeals court ruled Friday.
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Tiffany Watson, the CEO of All Aboard Financial, a virtual accounting and financial consulting firm based in Tampa, Fla.
The Massachusetts Appellate Tax Board rejected a resident’s claim that his property tax value was zero instead of the assessed values of $490,200 and $408,000 for fiscal 2020 and 2021, in an opinion issued Thursday.
Bank of England Governor Andrew Bailey sought to dispel fears that a digital version of the pound will turn into a surveillance tool for UK authorities after its proposals were attacked by conspiracy theorists online and on motorway bridges.
Leaps in AI technology are raising questions about fair lending, fraud detection, and cybersecurity at banks, but federal banking regulators already have tools in place to deal with those issues, industry watchers say.
Lawmakers return this week, aiming to make progress on key authorizations and appropriations ahead of August recess and looming deadlines this fall.
An SEC enforcement initiative targeting misleading ESG disclosures has become a business risk for dozen of public companies, including bankrupt Bitcoin miner Core Scientific, shale oil producer Pioneer Natural Resources and banking giant Ally.
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.
The Kentucky Department of Revenue June 23 published updated 2023 county clerk delinquent property tax sale dates. The publication includes a table listing county names and the corresponding tax sale ...
The Illinois Department of Revenue (DOR) May 1 released instructions for Form RB-1-L, Limited Bingo Tax Return, for excise tax purposes. The instructions include that: 1) the tax return is ...
The Kansas Department of Revenue July 1 published an updated county and city transient guest tax rate report reflecting sales and use and excise tax rate information. The report is ...
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: