Highlights from the 9/9/16 issue of the Weekly State Tax Report :
California FTB Adjusts Income Tax Brackets for Inflation
California income tax brackets for 2016 are increasing based on a 2.1 percent inflation rate, with changes to the standard deduction, personal exemption, filing threshold and other credits and adjustments.
Christie Ends Decades-Old Tax Pact With Pennsylvania
New Jersey Gov. Chris Christie (R) pulled out of a decades-old tax pact with Pennsylvania Sept. 2, blaming the state Legislature for his decision.
Oregon Didn't Double-Tax Like in ‘Wynne': State Tax Court
Oregon properly applied state law in taxing the income of individual taxpayers who argued they were being double-taxed in violation of the U.S. Supreme Court's recent landmark Wynne decision, the Oregon tax court ruled in Brillenz v. Dep't of Revenue.
Airbnb Battles Santa Monica, San Francisco; New York Next?
Airbnb Inc. is suing coast to coast and from one end of California to the other as the short-term rental platform fights regulations restricting or banning its business model.
Harley Davidson, Skadden Denied Michigan Tax Compact Appeal
The Michigan Supreme Court won't reverse the retroactive repeal of Michigan's former apportionment formula for Harley Davidson Motor Company and 13 other companies, including T-Mobile USA, Inc. and DirecTV (Harley Davidson Motor Co., Inc. v. Dep't of Treasury, Mich., No. 153594, appeal denied 9/6/16).
Report Blasts State ‘Megadeal' Tax Incentives
State spending on job training programs yields a much better return on investment than tax breaks and other types of economic development incentives for “megadeals,” according to a report from the public policy group Good Jobs First.
Mississippi Would Benefit from Consumption-Based Tax System
Mississippi can make improvements to its tax structure by moving to a more consumption-based tax system, eliminating the local inventory tax and adjusting the tax rates for inflation, a tax expert told the Mississippi tax policy panel during its second round of meetings.
For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library.
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