Weekly Round-Up: Oklahoma Budget Hole and Amazon Headquarters Search


 

Highlights from the 9/5/17 through 9/8/17 issues of the Daily Tax Report: State :

  • Amazon Headquarters Search Is ‘Trophy Deal of the Decade’

    Amazon's announcement that it's looking for a site for a second headquarters—which will have cities and states throughout North America tripping over themselves to offer huge tax breaks in exchange for thousands of high-paying tech jobs—is a big departure from the online retailer's traditional expansion playbook.

  • Let Taxpayers E-File Annual Reports: Multistate Group

    A Multistate Tax Commission work group favors language in state statutes letting consumers opt for an electronic version of an annual report of their online purchases in lieu of a mailed, paper version.

  • Oklahoma Special Session to Fix $215M Budget Hole

    Oklahoma lawmakers are set to tackle a $215 million budget shortfall as part of a special legislative session tentatively scheduled to begin in late September.

  • Hawaii Enacts $2.4B Hotel Tax to Fund Honolulu Rail Project

    Hawaii Gov. David Ige (D) Sept. 5 signed a bill that will impose a statewide 1 percent increase on a hotel tax to raise $2.4 billion for a rail project in Honolulu.

  • New York Equity Manager's Tax Battle Survives Dismissal

    A private-equity manager targeted by the SEC for fraud and “theft” of investor money can continue to contest a tax assessment before the New York Tax Appeals Division.

  • Mazda/Toyota Plant Sets Off Clash for State Tax Credits

    More than a dozen states enticed by potentially adding up to 4,000 jobs are in a race to land a joint Mazda/Toyota plant.

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

  • Alaska Marijuana Control Board Proposes Amending Onsite Marijuana Consumption Endorsement Rules

  • Illinois Publishes Informational Bulletin on Electronic Tax Filing Requirements

  • Nebraska Announces Changes in Local Sales, Use Tax Rates Effective Oct. 1

  • Tennessee Department of Revenue Explains How to Report Federal Income Revisions

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 …  

Virginia - State Supreme Court Rules Subject to Tax Exception Applied on Post-Apportionment Basis, Exception Not Limited to Tax Paid by Royalty Company by PwC

Do Hurricane Harvey Victims Deserve Less Federal Aid Because Texas is a Low-Tax State? by the Tax Foundation