Weekly Round-Up: Marijuana, Oil and Gas, and Other Excise Tax Developments
Highlights from the 7/17/17 through 7/21/17
issues of the
Daily Tax Report: State
Cannabis Compromise Sets 20 Percent Pot Tax
Massachusetts General Assembly backed a bill July 20 that revamps the
regulatory and tax framework for the state's marijuana legalization law.
Oil, Gas Tax May Dodge Legal Challenge
legal challenge to a recently enacted oil and gas tax is unlikely despite
multiple other lawsuits challenging tax changes Oklahoma enacted under similar
Legislature Approves Changes to Oil Tax Laws
Legislature has sent to the governor a bill prohibiting oil companies from exchanging
tax credits for cash.
Soda Tax Appealed to Pennsylvania Supreme Court
American Beverage Association and a coalition of Philadelphia businesses have
taken their fight against the city's soda tax to the Pennsylvania Supreme Court
(Williams v. Philadelphia, Pa., Nos.
321 EAL 2017, 322 EAL 2017, petition filed 7/13/17).
Agrees to Collect Green Bay's Room Tax
Inc. has inked an agreement with Green Bay, Wis., to collect and remit the
city's room tax.
Shortage Sparks Nevada Tax Office to Eye Setup
Nevada's new legal marijuana regime equipped to handle surging demand? The
state's tax commission approved an emergency regulation July 13 to find out.
Some notable developments from the
Tax Developments Tracker
BNA’s tool for monitoring important developments in all the states:
- California Legislature Amends Exclusion for Discharge of
Student Loan Indebtedness
- Illinois Supreme Court Finds
Ruling Applied to Hertz Corp.'s Lease Transactions Unconstitutional
- Louisiana Department of Economic Development Adopts Changes to Motion
Picture Production Tax Credit Program
- Minnesota Department of Revenue Issues
Federal Conformity Adjustments Update
- New Jersey Superior Court Finds Qui Tam Lawsuit Excluded From False
- Rhode Island General Assembly Facilitates Sharing of Unclaimed
Property, Tax Collection Information
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In other developments …
Inheritance and Estate Taxes: Rates, Economic Implications, and the Return of
Interstate Competition by the Tax Foundation
B&O Tax Economic Nexus Standard Expanded to Include Retailers by KPMG