Cryptocurrency trade groups are asking Illinois Gov. J.B. Pritzker (D) to pull a proposed transaction tax on digital asset trading from the upcoming state budget, calling the first-in-the nation levy “substantively unsound, procedurally deficient, and economically destructive.”
Three
Related companies that dispose of construction waste failed to convince Texas’s statewide intermediate appellate court that they‘re entitled to deduct the costs of goods sold every year when calculating franchise tax liability.
San Diego voters on Wednesday were rejecting a ballot measure that would impose an $8,000 tax on second homes left vacant for more than half the year, dealing a setback to housing advocates who argued the policy would help ease the city’s housing shortage.
A New York state tax credit program that began in 2021 to help Broadway productions during the pandemic is being used by billionaire producers and some of the longest-running shows, a Bloomberg Tax analysis shows.
The Delaware Governor signed a law amending the state’s code to increase numerous fees, annual taxes, service-of-process charges, filing fees, trademark fees, and expedited processing fees administered by the Secretary ...
The North Carolina Legislature is proposing a constitutional amendment that would modify Article V, Section 2 to require the General Assembly to enact property tax levy limits for local governments. ...
The Louisiana Legislature passed a joint resolution proposing a constitutional amendment addressing ad valorem property tax millage rate adjustments for local taxing authorities. The amendment allows these authorities to levy ...
Cryptocurrency trade groups are asking Illinois Gov. J.B. Pritzker (D) to pull a proposed transaction tax on digital asset trading from the upcoming state budget, calling the first-in-the nation levy “substantively unsound, procedurally deficient, and economically destructive.”
A trust that benefits a noncharitable entities during its term then commits the remainder to charity owes New Jersey gross income tax on distributions, the state tax court held Thursday.
The share of US small businesses saying they’re planning new hires or are having trouble filling jobs fell in May to a six-year low, according to the National Federation of Independent Business.
Three
Related companies that dispose of construction waste failed to convince Texas’s statewide intermediate appellate court that they‘re entitled to deduct the costs of goods sold every year when calculating franchise tax liability.
Who are the leaders of the legal industry? Bloomberg Law’s Leading Law Firms list, now in its second year, recognizes the top performers across the key pillars of finance, growth, talent, and tech & innovation. The list identifies which firms—big or small, based in the US or abroad—are raising the bar for their competitors. Check out the list and dig in to the data now.
KPMG’s Daida Hadzic and Rob Fagan say FIFA’s reported US federal tax deal may ease team-level tax exposure for the 2026 World Cup, but it doesn’t change the core tax, withholding, classification, and social security issues affecting players, coaches, and staff.
The California Supreme Court asked measured questions at oral arguments Wednesday in a
US states are bracing for the fallout from President
A Minnesota liquor retailer owes extra sales tax and penalties because the store underreported its taxes by more than 25 percent, the state high court ruled Wednesday.
A House panel with jurisdiction over tax policy is readying legislation to address the taxation of cryptocurrencies for release as early as Friday, before a hearing early next week.
President
A cryptocurrency staker’s more than $33,000 in blockchain rewards were taxable as gross income because he had dominion and control over the tokens—demonstrated by his ability to convert them to cash at any time, the US Tax Court held Thursday.
Cryptocurrency trade groups are asking Illinois Gov. J.B. Pritzker (D) to pull a proposed transaction tax on digital asset trading from the upcoming state budget, calling the first-in-the nation levy “substantively unsound, procedurally deficient, and economically destructive.”
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