Weekly Round-Up: Uber, Lyft Ready for New York Ride-Hailing Tax; Supreme Court to Consider West Virginia Tax Credits Case

Highlights from the 6/26/17 through 6/30/17 issues of the Daily Tax Report: State :

  • Ohio Supreme Court Asked to Toss Cleveland Stadium Suit
    Petitioners against Cleveland's $45 million of public financing for the Cavaliers’ NBA stadium inserted themselves into a legal dispute about how the city should treat petitions opposing the funding ordinance.
  • Uber, Lyft Ready for New York Ride-Hailing Tax
    Uber Technologies Inc., Lyft Inc. and other ride-hailing companies will begin collecting New York state tax on every trip when the ride-hailing law takes effect June 29.
  • Georgia's $58M in School Tax Credits Survive Challenge
    Georgia's scholarship tax credit program has survived a legal challenge with the Georgia Supreme Court finding that a group of plaintiffs lacked standing to contest its constitutionality.
  • Businesses Face a Patchwork of Trade Show Tax Rules
    Businesses that use trade shows to promote and sell their products would be well-advised to research the hosting state's nexus rules if they hope to avoid long-term sales and use tax duties in that jurisdiction, tax practitioners told Bloomberg BNA.
  • Oklahoma Court OK's Tax Deduction for Gain on ‘Goodwill’
    A taxpayer who sold an indirect ownership interest in an Oklahoma company should receive a full deduction under state law, the state's highest court ruled June 27.
  • States Forced to Address ‘Dark Store’ Valuation Theory
    A growing list of states will revise their property tax codes to help municipalities cope with revenue losses attributable to big box retailers’ widespread use of the “dark store” theory of valuation to cut their assessments, according to property tax attorneys.
  • Supreme Court to Consider West Virginia Tax Credits Case
    The U.S. Supreme Court will consider whether to review a decision by West Virginia's high court concerning the state's refusal to credit CSX Transportation Inc. for taxes it paid on motor fuel to local governments in other states.

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

  • Indiana Department of Revenue Finds Corporate Income Tax Amended Returns Timely
  • Idaho State Tax Commission Discusses Selling, Renting During Total Solar Eclipse
  • New Jersey Tax Court Finds Taxpayer Not Entitled to Marital Deduction
  • Louisiana Legislature Removes Sunset Provision, Makes Permanent Reductions to Certain Tax Credits

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 …

A Bevy of Tax Bills to Raise Long-Term Revenue in Delaware by the Tax Foundation

California partnership returns: penalty relief available for 2016 returns and revised extension period in 2017 by PwC