In this week’s issue of the Bloomberg BNA Weekly State Tax Report, state tax law editors Jequetta Byrd and Laura Lieberman discuss states' evolving regulatory regimes governing medical and recreational marijuana. Because of the conflict between federal and states' varied legal treatment of marijuana, as well as potential outcomes of the numerous 2016 marijuana legalization ballot initiative campaigns, marijuana businesses and their affiliates must be thoroughly informed to operate successfully.
The article can be read in its entirety here.
Some notable developments from the State Tax Developments Tracker–Bloomberg BNA’s new tool for monitoring important developments in all the states:
New York Department of Taxation and Finance Publishes Advisory Opinion Regarding Taxation of Information Technology Service
California Franchise Tax Board Announces Registration Changes on MyFTB, CalFile, and Web Pay
Florida Department of Revenue Publishes Delegation of Authority to Settle or Compromise Tax, Penalty, Interest
For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library.
In other developments…
Features of Pennsylvania's Tentative Budget Agreement, by the Tax Foundation
Compiled by Ryan C. Tuck
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