The Bloomberg BNA SALT Blog is a forum for practitioners and Bloomberg BNA editors to share ideas, raise issues, and network with colleagues about state and local tax topics. The ideas presented here are those of individuals and Bloomberg BNA bears no responsibility for the appropriateness or accuracy of the communications between group members.
April 16, 2014
by Kathleen Caggiano
Many states are concluding their respective legislative seasons by passing numerous tax credit bills, among other things. Various tax credits are being enacted from A (adoption tax credits) to V...
April 15, 2014
and gas tax revenues have made big news in the past several years as more
states are experimenting with hydraulic fracturing. At the same time, some states such as Alaska have
April 11, 2014
As states more aggressively seek to impose taxes on trusts,
some practitioners may question whether the states are exceeding their
constitutional authority, Thomas W. “TJ” Aldous Jr., a partner...
April 10, 2014
by Christopher Young
In recent years, cloud computing has emerged as a conundrum for state tax departments and practitioners alike. In the past, businesses would typically provide software purchases via tangible...
April 9, 2014
In this interview, Jeff Chapman, Manager of the Economic Development Tax Incentives Project at The Pew Charitable Trusts, discusses the recently launched Business Incentives Initiative. The Pew...
April 8, 2014
by Rebecca Helmes
Successful gambling, as the Kenny Rogers song says, requires
participants to “know when to hold ‘em, know when to fold ‘em, know when to
walk away and know when to run.” It’s
the last clause...
April 7, 2014
The New York budget bill, signed into law on March 31, includes an economic nexus standard , effective for tax years beginning on or after Jan. 1, 2015, which is based on a specified...
April 4, 2014
New York’s fiscal year 2014-15 state budget signed April 1
contains, according to Gov. Andrew Cuomo (D), provisions for “cutting and
simplifying business taxes,” and calls for “the most...
April 3, 2014
The exact amount of tax revenues that states are unable to
collect from online retailers is unclear.
This is so whether measured in the amount of foot traffic in stores or
April 2, 2014
In March, the New York Department of Taxation and Finance issued a technical memorandum explaining the various tax benefits available to certain in-state startup businesses under the New York...
April 1, 2014
As we close the book on the first quarter of 2014, it feels like an appropriate time to take a step back and review how online travel company litigation has shaken out thus far. For nearly a...
March 31, 2014
by Michael Kerman
The California agency that administers property taxes is
supporting legislation that would exempt rocket ship parts and fuel. The move
would mark a reversal from the state’s current practice and...
March 28, 2014
New York Gov.
Andrew Cuomo (D) has proposed sweeping corporate and bank tax changes during
this legislative session. In this week’s
Bloomberg BNA Weekly State Tax Report , Kendall...
March 27, 2014
Most people have probably heard the popular phrase, “the house always wins.” Indeed, it’s often paired with the familiar and belated advice, “you should have quit while you were ahead.” The...
March 26, 2014
In the “ Inside the New York Budget Bill”
series, Maria Eberle, Lindsay LaCava and Leah Robinson, partners at McDermott
Will & Emery LLP, examine various aspects of the proposed 2014-2015...
March 25, 2014
There are as
many ways to relax during spring break as there are destinations. Most
destinations have special taxes aimed at the activities that tourists are most
likely to engage in. Whether...
March 24, 2014
The hip techno blog Mashable
rarely devotes space to state tax controversies. But apparently the story of a
Philadelphia-based architect’s efforts to avoid being taxed as a New York resident ...
March 21, 2014
States diverge greatly in the type and amount of taxes they
collect, according to the Tax Foundation's annual report that compiles and
ranks everything from states' tax rates and revenue...
March 20, 2014
Each year Bloomberg BNA asks state revenue officials to
clarify their states’ approaches to the gray areas of state tax law and
publishes the answers in its Survey of
State Tax Departments . ...
March 19, 2014
Guest blogger, Joe Jacobson, who is the Director of the Division of Economic Development in the Department of Commerce, Community and Economic Development, gives an overview of Alaska’s vibrant...
March 18, 2014
by Renee Bartoli
As environmentalists and car purchasers push for greater
fuel economy and sustainable energy usage, more and more motor vehicles are
built to run longer on less fuel, or
none at all. That’s...
March 17, 2014
The Uniformity Committee of the Multistate Tax Commission is
recommending its own proposed amendments on apportionment and sourcing
provisions over those of MTC hearing officer, Professor Richard...
March 14, 2014
With the enactment of the Corporate Income Tax (CIT),
Michigan leads the states with an aggressive nexus standard with respect to
flow-through entities and their nonresident owners, Lynn A....
March 13, 2014
The California Governor's Office of Business and Economic Development (GO-Biz) adopted emergency regulations implementing the new California Competes tax credit program. The regulations apply from...
March 12, 2014
Roughly one week after an early March snowstorm swept through Washington, once again crippling a city infamous for its weather-related (over)reactions, the House Judiciary Committee finally held...
March 11, 2014
Colorado is raking it in from marijuana sales—to the tune of
more than $3.5 million in taxes and fees in January alone, the state reported
this week. About $2 million of that is
March 10, 2014
While challenges to
New York's definition of a “statutory resident” have been abundant, none of
those challenges have directly focused on what it means to spend a “day” in New
March 6, 2014
The House Judiciary Committee will finally hold a hearing to
discuss imposing sales tax on remote sales on March 12. But the focus will be alternatives to the
Marketplace Fairness Act ...
March 5, 2014
Maryland, Vermont and Washington have instituted methods aimed at determining whether their state tax incentives are functioning as intended and meeting their original goals and objectives, according...
March 4, 2014
Legalized gambling as a means of generating state tax revenue has been historically controversial. On the one hand, gambling can be a highly addictive and costly habit. On the other hand, it...
February 28, 2014
In the movie “Ground Hog Day,”
an arrogant weatherman must repeat the same day over and over until he
re-examines his life and adopts a different outlook. Ground Hog Day fell on...
February 27, 2014
About a month from now, Washington D.C. will play host to tens of thousands of tourists intent on taking in the magnificence of the cherry blossoms in peak bloom. While they are there, many of...
February 26, 2014
In this interview, Max Shenker, Vice President of Tax Credit Co., compares the California Competes Tax Credit and other new incentives to the state’s former Enterprise Zone program. The California...
February 25, 2014
As people get ready to take out their bikes this
spring, they may have to take out their wallets as well. As more state and
local jurisdictions are adding bike lanes, they are also entertaining...
February 24, 2014
by Steven Roll
As the constant drum beat of state tax
litigation will attest, the dealings between state tax agency officials and
taxpayer advocates can be acrimonious. It would be easy to
conclude that the...
February 21, 2014
Taxpayers who move in and out of the country
should fully consider the state tax consequences of living and working abroad, Mary
Beth Lougen, of American Expat Tax Services, explains in this...
February 20, 2014
On Thursday, the Multistate Tax Commission talked with
stakeholders about a draft of their model statute for remote seller sales and
use tax nexus. By the end of the call the
February 19, 2014
In this interview, Kish Rajan, Director of the California Governor’s Office of Business and Economic Development (GO-Biz), discusses the new California Competes Tax Credit program, which is...
February 18, 2014
In states that impose real estate transfer taxes, people
generally do not get a pass on paying them – except, according to several
recent court cases, mortgage giants Fannie Mae and Freddie Mac...
With the goal of raising revenue, Texas reformed
its franchise tax effective
in 2008, from a tax based on net capital or net income (earned surplus) to one
based on taxable margin, which is...
February 14, 2014
in home-rule states and avoiding catastrophic sales tax compliance scenarios is
possible. But taxpayers need to engage
in due diligence to mitigate the additional risk, Michael...
February 13, 2014
In 2008, when the Iowa Legislature enacted S.F. 2400, specifically section 60, the intention was to exempt sales-tax exempt transactions from the state’s 5 percent equipment tax. The legislation...
February 12, 2014
On February 7th, President Obama signed the 2014 Farm Bill, which, among other things, supplements conservation tax credits and incentives offered at the state level. To learn more about how the...
February 11, 2014
There are two states in the United States that have
legalized marijuana for recreational purposes, Colorado and Washington. The
road to approval was a highly debated one but one thing is...
February 10, 2014
by Melissa Fernley
U.S. Attorney General Eric Holder announced Feb. 8 th at a Human Rights Campaign gala that the Justice Department would be taking additional steps to ensure that same-sex couples will be...
February 7, 2014
With action and clarity lacking from Congress and the U.S.
Supreme Court, states have been emboldened to experiment with the legal
boundaries of nexus, marking a new “wild west” in state laws...
February 6, 2014
While Congress drags its feet on
enacting a law like the Marketplace Fairness Act, which would give qualifying states
clearer taxing authority over remote vendors, several states have taken matters
into their own hands by enacting so-called “Amazon” or “click-through nexus”
February 5, 2014
The U.S. Tax Court recently issued its decision in Gateway Hotel Partners LLC v. Commissioner of Internal Revenue. The court determined that two of the transfers of Missouri historic preservation...
February 4, 2014
Editor's Note: This blog post is the first in a series by Bloomberg BNA's Christopher Young on 2014 state gas tax reform and similar developments. From potholes to cement cracks, visual...
Federal preemption of state unclaimed property law is continually evolving, as Congress and federal courts continue to shape this area of law. In this guest post, Brenda R. Mayrack, owner of ...
February 3, 2014
would be reasonable to think that happy and harmonious times would be ahead for
state lawmakers in 2014. For the first time since the Great Recession, the
states are experiencing relative...
January 31, 2014
aftermath of a 2013 Illinois Supreme Court decision, Hartney
Fuel Oil Co. v. Hamer , 2013 IL 115130, concluding that a seller incurs
retailers' occupation taxes in the local...
January 30, 2014
The U.S. Supreme Court recently decided a due process and
jurisdiction case that clarifies where a defendant could be subject to
suit. The implications of the ruling
and recent other high...
January 28, 2014
Fifty years after the U.S. Surgeon General’s first report announcing the
detrimental effects of smoking tobacco on the health of Americans, many people continue
to ignore the warnings ....
January 27, 2014
In addition to their snowy mountains, the two contenders for
Super Bowl XLVIII have another thing in common, legal recreational marijuana.
Both, Colorado and Washington have legalized the use of...
January 24, 2014
In 2014, many states will continue to emerge from
the lingering financial hardships of the Great Recession, Renee Bartoli,
Melissa Fernley, Rebecca Helmes, Michael Kerman, and...
January 23, 2014
As the dust settles from an eventful 2013, it was anybody’s guess which topic would dominate the early 2014 sales tax headlines. As January winds down, an unlikely underdog has emerged from a...
January 22, 2014
Tax incentives ranked fourth in The Council of State Governments’ Top 5 Issues for 2014: Fiscal and Economic Policy , according to a recent blog post by the organization. In particular, the...
January 21, 2014
Long gone are the days when Las Vegas was one of the only
legal gambling outlets in the nation.
Most states now allow some form of gambling, from bingo to slots to
table games, and a few...
January 17, 2014
If 2012 could be considered the year of Gillette , 2013 may best be remembered as the year in which state
courts, legislatures and taxpayers began to respond to Gillette in preparation for the...
January 15, 2014
In this interview, Daniel
Effron, a tax partner at accounting firm Marcum LLP in Philadelphia, discusses some
of the opportunities created by the revamped GrowNJ program. While the...
January 14, 2014
In the severance tax world, there are two kinds of states –
those that have depended on oil and natural resource tax revenue for years, and
the rest that are just starting to reap significant...
January 13, 2014
Illinois could not constitutionally tax the income of an inter vivos trust originally formed
under Illinois law, but later removed to Texas, because all of the trust's
business and property were...
January 10, 2014
New York State's tax law and regulations concerning receipts
sourcing were drafted during the mercantile economy and have not been updated
to address the technology changes now prevalent...
January 9, 2014
What does 2014 have in store for sales tax? The Marketplace Fairness Act, cloud
computing, and taxation of services are among the big issues to watch this
year, according to state tax experts...
January 8, 2014
The New Year signals a time of inner reflection and change – whether it be starting a new year’s resolution or getting back into the swing of things at work. Yet, sometimes, the more things change,...
January 7, 2014
Since the IRS released Rev. Rul. 2013-17 , which allowed married same-sex couples to file joint federal tax returns, the states have been scrambling to release their own administrative guidance....
January 6, 2014
Bloomberg BNA’s Daily
Tax Report put out a special
report today detailing the status of click-through nexus laws in the several states that
have enacted legislation to collect sales tax...
January 3, 2014
more than half the states that have authorized the use of medical marijuana
impose a tax on sales of the substance, but the amount of revenue generated so far
has been low and has...
January 2, 2014
The beginning of a new year means reviewing the prior year’s
important developments as a means of predicting what lies ahead. In 2013, a handful of states passed legislation mid-year...
December 30, 2013
The world of multistate corporate income tax in 2013 was
focused on questions surrounding the Multistate Tax Compact in the wake of California’s
2012 Gillette decision, the continued
December 27, 2013
Decision trees are devices which can serve to diagram the
uncertainties accompanying the alternatives of “settle” or “litigate,” Michael
H. Salama and Katelyn E. Godfrey, both with The Walt...
December 26, 2013
As 2013 draws to an end, it’s natural to reminisce about such an eventful year. Indeed, 2013 had many noteworthy events – a royal birth, a new pope, and a third (THIRD!?) Red Sox World Series...
December 23, 2013
The United Kingdom recently announced its plans to become
country outside the Muslim world to sell a Shariah-compliant bond as soon
as next year. Meanwhile, several states in the U.S....
December 20, 2013
As business transactions continue to move online and involve affiliates based in other locations, or are conducted using out-of-state pass-through entities, geographical borders can appear blurry at...
Incentives Watch: Best Practices for Evaluating State Economic Development Incentives Being Developed As Part of Pew Initiative
Sales Tax Slice: New Cloud Computing Section Highlights Upcoming Bloomberg BNA 2014 Survey of State Tax Departments
Incentives Watch: State Tax Credits Enacted That Cover Gamut of Taxpayer Interests
Weekly Round-Up: Are States Pushing the Limits of Trust Taxation?
Extras on Excise: Do Declining Severance Tax Revenues Await States at Finish Line in Race to the Bottom?