Upcoming National Meeting

51st Annual Meeting

2 ½ day program offering sessions for every state tax and government affairs professional with tax responsibilities. The meeting presents an extensive program covering all types of state and local taxes that business taxpayers are confronted with today. The ever-popular audit sessions and state chamber of commerce roundtables are included, and other conference sessions provide updates on key SAL

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Newsletters & Media

Cost Conscious

ISSUE 20-09; May 1, 2020

CARES ACT Impact on Your Company – Which CARES Act provision do you anticipate will impact your company the most for state and local tax purposes?

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Bloomberg TAX

California Says OK to Counsel Clients on State Marijuana Laws

 

California, the nation’s largest bar and the world’s largest cannabis market, is now giving guidance to attorneys who advise marijuana businesses on how to represent their clients and protect their licenses. The combined influence of having the most lawyers and the greatest market could easily make the state’s decision influential elsewhere.

Bickering and Confusion Stall $150 Billion Meant to Boost States

 

Weeks after states began receiving billions in federal Cares Act money in response to the Covid-19 crisis, lawmakers are fighting for control of it, interest groups are pushing for a piece of it, and governments are dragging their feet on spending it.

Lawyering Through Covid-19: What We've Heard From the Practices

 

For law firms, the recovery will depend on the health of their clients. Bloomberg Law reporters provide updates on how the pandemic is impacting specific industries and practice areas.

Lawyer at Center of Tax-Sharing Deals Being Probed on Ethics Law

 

California's government ethics watchdog is investigating possible conflict-of-interest violations by a lawyer who brokered sales-tax incentive deals between cities and major e-commerce companies that included multimillion-dollar payouts for himself.

Burden Shifts to States After IRS Eases Donor-Disclosure Rules

 

It's now on states to seek more information about nonprofit donors if they want it, after the IRS rolled back disclosure requirements.

Covering Your Bases: Documentation Is Key in Tax Matters

 

I am a firm believer in cover letters: I don’t even send most school forms without a cover letter. It might feel a little obsessive, but I’ve learned that things you might believe to be obvious may be interpreted differently by someone else.

INSIGHT: Legal Hiring in a Recession—Lessons From the Past Downturn

 

Retaining outstanding attorneys is key for law firms during the pandemic as they react to the pandemic and alter strategies to stay competitive. Robert Major, founding partner of Major, Lindsey & Africa, says now—as in past economic downturns—is not the time for law firms to curtail hiring.

New York Legislature Advances Bill to Drop Virus Tax Breaks for NYC

 

New York state legislators are seeking to make sure a batch of pandemic-related business tax breaks passed by Congress in March won't apply to New York City income tax laws.

NYC Revenue Picture Worsens With Shortfall Rising to $9 Billion

 

New York City’s fiscal crisis has worsened, with Mayor Bill de Blasio projecting a $9 billion loss in tax revenue through mid 2021 because of the coronavirus lockdown.

Cannabis Company Says Tax Break Limit Violates Constitution (1)

 

A tax code provision that bars marijuana companies from business tax breaks violates the 16th Amendment of the U.S. Constitution, an Oakland, Calif. cannabis company told the Ninth Circuit.

Tax Notes

Company's Gain From Sale of LLC Interest Not Apportionable to Idaho

 

Noell Industries Inc.’s $120 million gain from the sale of its interest in a manufacturer of combat and tactical gear was nonbusiness income under Idaho law, according to the state supreme court.

Louisiana Lawmakers Call Special Session to Address Fiscal Bills

 

Louisiana's legislators have called a special session that will allow them to continue working on tax legislation after this year’s regular session was disrupted by the COVID-19 pandemic.

New York Court Declines to Revive Property Assessment Claims

 

A New York trial court properly dismissed select claims raised by several property owners after a town’s reassessment increased the value of their lakefront properties, according to a state appellate court.

Illinois Approves 'Fair Tax' Ballot Language

 

Illinois legislators have approved language for the graduated income tax ballot measure going before voters in November.

Kansas Lawmakers Adjourn Without Approving Facilitator Bill

 

Kansas legislators have adjourned their 2020 session without voting on a marketplace facilitator bill that would have created a remote seller threshold.

Texas Governor Asks Localities Not to Raise Property Taxes

 

Gov. Greg Abbott (R) has urged Texas localities not to raise property taxes as homeowners confront the economic impact of the COVID-19 pandemic.

South Carolina DOR Can’t Amend in Pollution Control Exemption Suit

 

The South Carolina Administrative Law Court has ruled that the Department of Revenue may not amend its pre-hearing statement in an appeal by a pipeline company challenging the denial of a pollution control exemption.

New Haven to Ask Yale for Greater Contribution in Lieu of Taxes

 

New Haven, Connecticut, is planning to ask Yale University to contribute an additional $2.5 million to help the city reduce a fiscal 2021 budget gap.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

City & County of San Francisco v. All Persons Interested in the Matter of Proposition C

COST filed an amicus brief in support of the Appellants (the California Business Properties Association, Howard Jarvis Taxpayers Association and California Business Roundtable) in the City & County of San Francisco v. All Persons Interested in the Matter of Proposition C. In July 2019, the trail court granted the City and County’s motion to validate Proposition C, which asked voters to impose an a

COST - Council on State Taxation

COST Studies, Articles & Reports

The Illusory Benefits of an Accelerated Sales Tax Remittance System

This is the second of two studies commissioned by STRI that examine the costs and benefits of the so-called “Accelerated Sales Tax Remittance” (ASTR) system.

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Opposition to Senate Bill 972 – Corporate Tax Disclosure

COST opposes California legislation which proposes to require the Franchise Tax Board to annually disclose a list containing confidential taxpayer information.