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 :

  • Massachusetts Cannabis Compromise Sets 20 Percent Pot Tax
    The Massachusetts General Assembly backed a bill July 20 that revamps the regulatory and tax framework for the state's marijuana legalization law.
  • Oklahoma Oil, Gas Tax May Dodge Legal Challenge
    A legal challenge to a recently enacted oil and gas tax is unlikely despite multiple other lawsuits challenging tax changes Oklahoma enacted under similar circumstances.
  • Alaska Legislature Approves Changes to Oil Tax Laws
    Alaska's Legislature has sent to the governor a bill prohibiting oil companies from exchanging tax credits for cash.
  • Philly Soda Tax Appealed to Pennsylvania Supreme Court
    The 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).
  • Airbnb Agrees to Collect Green Bay's Room Tax
    Airbnb Inc. has inked an agreement with Green Bay, Wis., to collect and remit the city's room tax.
  • Marijuana Shortage Sparks Nevada Tax Office to Eye Setup
    Is 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 State Tax Developments Tracker —Bloomberg 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 Claims Act
  • Rhode Island General Assembly Facilitates Sharing of Unclaimed Property, Tax Collection Information

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 … 

State Inheritance and Estate Taxes: Rates, Economic Implications, and the Return of Interstate Competition by the Tax Foundation

Washington: B&O Tax Economic Nexus Standard Expanded to Include Retailers by KPMG