SALT TALK BLOG

Highlights from the 9/16/16 issue of the Weekly State Tax Report :

• Facebook Enticed By New Mexico Tax Breaks, Denies Utah Bid

  Incentive package entices Facebook to locate a new data center in Los Lunas, New Mexico. The data center will bring thousands of construction jobs to the area.

• Trump Slams D.C.'s Motion to Dismiss Suit Over Hotel Taxes

  Attorneys for Donald Trump responded to the District’s motion to dismiss a lawsuit seeking a $1.7 million tax refund for taxes paid on Trump International Hotel in Washington, D.C.

• Beverage Industry Sues Philadelphia Over Soda Tax

  The American Beverage Association and local business filed suit in Philadelphia to stop the city from imposing a 1.5 cent-per-ounce tax on sweetened beverages.

• Wal-Mart Loses $8 Million Tax Refund Claim in Kentucky

  The Kentucky Court of Appeals rejected Wal-Mart’s claim that a retroactive monthly reimbursement cap was unconstitutional.

• Transition to Independent State Tax Tribunals Tapering Off

  Although the number of states implementing independent state tax tribunals have tapered off, states are still exploring measures to enhance tax appeals systems.

• NCAA Tax Status OK After Games Pulled From North Carolina

  Lawyers who specialize in nonprofit tax issues say that the NCAA’s tax-exempt status isn’t at risk after pulling championship games in protest of North Carolina’s recent bathroom law.  

Some notable developments from the State Tax Developments Tracker –Bloomberg BNA’s tool for monitoring important developments in all the states:

• Tennessee Department of Revenue Announces August Revenues Exceeding the August 2015 Revenues and Budgeted Estimates for the Month

• Arizona Department of Revenue Holds Insurance Companies Exempt from State Corporate Income Tax

• New Mexico Court of Appeals Vacates County Valuation Protests Board's Property Valuation, Finds Assessor's Valuation Not Based on Generally Accepted Appraisal Techniques

• Louisiana Supreme Court Denies Taxpayer's Application for Writ of Certiorari and Review of Court of Appeals' Decision

• New York Department of Health Proposes to Amend and Adopt Rules Concerning Medical Marijuana

For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library.

In other developments… 

California Franchise Tax Board issues Notice regarding impact of the 2011 factor presence nexus statutes on previously made water’s-edge elections by PwC LLP

Indiana: Department Did Not Establish that Transfer Pricing Study Was Flawed by KPMG LLP

  Compiled by Chreasea Dickerson