Weekly Round-Up: Home-Sharing, Cannabis, and Third Party Sales Taxes


 

Highlights from the 11/20/17 through 11/24/17 issues of the Daily Tax Report: State :

 

  • Comcast Loses $31.8M Tax Appeal Before Massachusetts Tax Board 
    Comcast Corp. lost its appeal with the Massachusetts Appellate Tax Board over $31.8 million in taxes the Department of Revenue says is owed by the cable giant's franchise subsidiaries.
  • Amazon to Collect Third-Party Sales Tax for Washington 
    Amazon has informed marketplace sellers that it will automatically collect and remit Washington state sales tax on third-party marketplace sales beginning Jan. 1.
  • Colorado Legislative Committee Forwards Sales Tax Streamline Bill 
    The leadership committee of the Colorado General Assembly approved a bill seeking information from contractors about a possible statewide electronic sales and use tax simplification system.
  • Commission Votes to End Missouri Housing Tax Credit Program
    A vote by a Missouri commission to end a state tax credit program for low-income housing projects is raising alarm among real estate developers and signaling that a broader effort to rein in the state's tax credit programs may be in store for the 2018 legislative session.
  • Revenue-Hungry States to Target Home-Sharing Industry in 2018
    States likely will take up regulation and taxation of home-sharing businesses when legislatures meet next year as industry-leading Airbnb Inc. continues striving to strike deals with authorities across the country.
  • Audit Finds Nepotism, Unlawful Hires at California Tax Board
    California state auditors permanently revoked the State Board of Equalization's authority to hire staff after finding widespread nepotism, disregard for civil service rules, and interference from elected board members in hiring decisions, according to a publicly available special investigation report.
  • States, Localities Chasing 911 Surcharge Revenue
    State and local governments are increasingly taking steps to boost their revenue from 911 surcharges amid questions about whether the collections are being properly spent.
  • Arizona Tax Lawsuit Threatening Future of Development Incentive
    An Arizona lawsuit targeting one of the state's primary tax incentives could change how cities attract new development.
  • Detroit Council Delays $1.88B Project Digging for Tax Incentives
    A $1.88 billion plan to redevelop a 15-acre swath of downtown Detroit and build a new criminal justice center could be delayed or derailed by a lawsuit and a hesitant city council cooling on the project seeking $295 million in state redevelopment tax incentives.
  • Repeal of SALT Deduction to Expire With Individual Tax Breaks
    The federal deduction for taxes paid to state and local governments would be repealed temporarily under the Senate's reform bill introduced Nov. 20.

 

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

  • California Adopts Emergency Rules on Cannabis Excise, Cultivation Taxes
  • Montana Changes Coal Severance Tax Rules
  • Alaska Proposes Amending Carried Forward Annual Losses Rules
  • Rhode Island Adopts Taxpayer Rights, Responsibilities Rule
  • New Jersey Proposes Readopting, Amending Multiple Tax Credits, Exemptions

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 …

Senate Tax Proposal Provides Encouraging News for Wind by Foley & Lardner LLP

*Compiled by Emily White. Emily White is a State Tax Law Editor at Bloomberg Tax and the latest Weekly Round-Up contributor on our team.