Latest COST Conscious ISSUE 26-12; June 12, 2026 Washington State Margins Tax Proposal – Member Feedback – Washington State Representative April Berg (D) circulated draft legislation that would replace Washington’s B&O tax with a Texas-style margins tax, phased in over five years beginning in 2028. The proposal would apply to all entity types with substantial nexus under current standards and would introduce mandatory unitary combined reporting.
Latest Legislative Alert ISSUE 26-25; June 18, 2026 2026 Second Quarter Enacted Legislation – State Business Taxes
Latest Practitioner Connection ISSUE 26-12; June 19, 2026 The California Billionaire Tax Act: Constitutional Limits on Implementation – The California Billionaire Tax Act (the “BTA”) contains multiple constitutional defects built into its design. It implicates the Due Process Clause, the Dormant Commerce Clause, and other constitutional limits in ways that could lead a court to narrow or invalidate the initiative in whole or in part. These are not theore
