Weekly Round-Up: Facebook, Fantasy Sports, and Stadium Taxes

Highlights from the 8/14/17 through 8/18/17 issues of the Daily Tax Report: State :

  • Will Software Net More Online Sellers in Tax Amnesty Program?
    Tax software may not level the playing field for third-party sellers on marketplace platforms such as Amazon.com Inc., eBay Inc., and Etsy Inc. who wish to participate in the Multistate Tax Commission's new tax amnesty program, according to some state and local tax practitioners.
  • Amazon Fights $12.5M Tax Bill on Third-Party Marketplace Sales
    South Carolina's effort to collect from Amazon Services, LLC taxes on third-party sales facilitated through its marketplace platform has significant financial implications for the retail behemoth and other marketplace providers.
  • Medicaid Funding Repeal Pushed by Oregon Lawmakers
    New taxes earmarked to fund Oregon's Medicaid program are at risk as a group of three Republican lawmakers leads an effort asking the electorate to repeal them in a January special election.
  • Powerball Winner May Face Mega Tax Bill
    The odds of winning the ever-growing Aug. 16 Powerball lottery, currently at $430 million, are roughly one in 292 million. Yet the probability of paying taxes on the jackpot is 100 percent
  • Ohio Friends Facebook With $37 Million in Tax Incentives
    Facebook Inc. and Ohio have announced that the social networking giant was the secretive company that received $37 million in tax credits from Ohio to build a data center outside Columbus.
  • Florida Governor Wants Supermajority for Tax Hikes
    Future tax increases in Florida would require a supermajority vote by the Legislature under a proposal Gov. Rick Scott (R) wants voters to consider on the 2018 ballot.
  • Fantasy Sports Legalized, Taxed Under Maine Law
    Maine has joined a small group of states that tax the fantasy sports industry. 
  • Ohio Top Court Assists Challengers of Cleveland Cavs’ Stadium Tax
    A divided Ohio Supreme Court took an unprecedented step that may help petitioners detonate the stadium funding deal underpinning a $140 million renovation of the Cleveland Cavaliers’ stadium.

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

  • Arkansas Issues Opinion on Tax Exemption of Long Term Rentals
  • Louisiana: Time For Taxpayers to Claim Millions In Unclaimed Refunds
  • Pennsylvania Treasury Announces Financial Results for Pa 529 Guaranteed Savings Program Accounts
  • Wisconsin Publishes Information on Multistate Tax Commission's Voluntary Disclosure Program for Online Marketplace Sellers

Get a free trial to Bloomberg BNA Tax & Accounting's State Tax solution , a comprehensive research service that provides deep analysis and time-saving practice tools to help practitioners make well-informed decisions.

In other developments …  

Amazon’s Marketplace Business Isn’t a Tax Avoidance Scheme by the Tax Foundation

Minnesota Tax Court - Federal 382 Limitation is Not Subject to Apportionment by PwC