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Read need-to-know updates, commentary, and analysis on Tax issues written by leading professionals.

Pennsylvania Court Provides Commercial Property Owners With Defense to Tax Assessment Appeals

by Pepper Hamilton LLP on

On July 5, the Pennsylvania Supreme Court issued a unanimous decision confirming that all real estate in a taxing district is a single class (i.e., not subject to sub-classifications based on property type, such as...more

2017 N.C. Legislative Session in Review

by Smith Anderson on

The N.C. General Assembly worked into the early morning hours on June 30 to finish its business for the 2017 legislative session. The session officially began January 11 and ran for six months for a total of 93 legislative...more

Selective property tax appeals based on property type or residency status of the owner violates the Pennsylvania Constitution’s...

by Tucker Arensberg, P.C. on

The Pennsylvania Supreme Court recently reversed the Commonwealth Court and held that the Uniformity Clause of the Pennsylvania Constitution does not permit school districts to selectively appeal only the assessments of...more

PA Supreme Court Limits School District Real Estate Tax Appeals

by Ballard Spahr LLP on

In a long-awaited decision on a hotly debated issue, the Pennsylvania Supreme Court has held that taxpayers whose apartment buildings were singled out for school district tax appeals have stated a valid claim that such...more

Illinois Has a Budget But Schools Are Not Yet Out of the Woods

by Franczek Radelet P.C. on

The Illinois House voted last week to override Governor Rauner’s veto of the budget bill, income tax increase, and the budget implementation bill. The House vote came on the heels of the Illinois Senate’s override vote on...more

NC Legislative Update: June 2017 #4

by Nexsen Pruet, PLLC on

This Week - Lawmakers finished a busy week last Thursday, aiming to adjourn the 2017 long session before the 4th of July. Legislative leaders began the week with a press conference to highlight the Conference Report for...more

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 14

by Clark Hill PLC on

House Budget Writers Reach Tentative Agreement: The House Budget Committee is planning to unveil a long-awaited budget resolution next week calling for a spending boost to the Pentagon alongside cuts to domestic programs,...more

News from Second & State

Weekly Wrap - Today marks just one week until the June 30 budget deadline. Seven days. A mere 168 hours to finish hashing out an over $30 billion state spending plan to carry us through the next fiscal year. While we still...more

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 13

by Clark Hill PLC on

Internal House GOP Budget Feud Threatens Agenda: House GOP efforts to write a fiscal 2018 budget are deadlocked amid Republican infighting, a divide that threatens to undermine President Donald Trump’s agenda by stalling tax...more

FY2018 Massachusetts Budget Update: Final Senate Budget

On May 25, 2017, the Massachusetts Senate unanimously approved a $40.84 billion FY2018 budget by a 38-0 roll call vote. Over three days of debate, Senators considered 1,031 amendments to the budget proposed by the Ways and...more

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 12

by Clark Hill PLC on

Budget - Freedom Caucus Proposed to Cancel August Recess: The House Freedom Caucus has called on Republican leadership to cancel the August recess to continue work on the budget, tax reform and other GOP priorities...more

News from Second and State

Weekly Wrap - It was a quiet week at the Capitol, as the Memorial Day holiday meant no session for either chamber. Other than a few House Policy Committee hearings, the last few days leading up to the June budget crunch...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

On May 30, three days following the adjournment of the 2017 First Special Session, Governor Mark Dayton signed all budget bills, the tax bill and a bonding bill to conclude the work of the 2017 Minnesota Legislature —...more

2017 Minnesota Legislature Adjourns But After Special Session

by Stinson Leonard Street on

Minnesota lawmakers used every last minute available to them to try and complete their work prior to the deadline for the 2017 legislative session, but it was not enough time. At 12:01 a.m. early last Tuesday morning,...more

110th Tennessee General Assembly Session Ends for 2017

The Tennessee Legislature completed its first session of the 110th General Assembly this Wednesday. The flag flying over the Capitol, signifying the body is in session, was taken down. The General Assembly will reconvene on...more

Partial Victories to Two Universities in Their Motions to Dismiss Code Section 403(b) Fee Litigation

by McDermott Will & Emery on

Multiple large, class action lawsuits have been filed against prominent higher education institutions claiming fiduciary breaches under their Code Section 403(b) plans as a result of insufficient oversight of plan...more

NC Legislative Update: May 2017 #2

by Nexsen Pruet, PLLC on

This Week - The Senate budget dominated the NCGA this week. Senate leadership released their spending proposal late in the evening on Tuesday and held Committees throughout the day on Wednesday before second reading on...more

News from Second and State

Weekly Wrap - It was a busy week in Harrisburg, with both the House of Representatives and the Senate here for one of only two weeks of voting session scheduled for this month. On Monday, the legislature continued...more

For-Profit Schools Ruled Exempt From Michigan Personal Property Tax

by Miller Canfield on

In a departure from past interpretation, the Michigan Supreme Court issued a ruling on May 1, 2017 expanding the use of personal property tax exemptions available to for-profit institutions. In SBC Health Midwest, Inc. v City...more

If It Doesn’t Say So, It Aint So: Michigan Supreme Court Holds For-Profit Schools Entitled To Property Tax Exemption

by Fraser Trebilcock on

A unanimous Michigan Supreme Court decision this week will have big implications for for-profit schools and colleges – and even for-profit laboratories, research and development facilities, and test centers. On Monday,...more

Leading Tax Counsel For College Athletes Advise They May Not Realize How Good They Now Have It

by Ropes & Gray LLP on

In this interview with the LEAD Association, tax partner Lorry Spitzer examines the tax implications of paying college athletes....more

Final 2016 Cook County Equalization Factor Released

by Franczek Radelet P.C. on

Last Friday the Illinois Department of Revenue released the final 2016 Cook County equalization factor, which will be used to calculate the second installment property tax bills that are anticipated to be due in August 2017....more

FY2018 Massachusetts Budget Update: House Ways and Means Budget

On Monday, April 10th, the House Ways and Means Committee proposed a $40.3 billion budget for FY2018 that calls for increasing spending by 3.8 percent, or about $1.47 billion, above FY2017 levels. The spending increase is...more

New York State lawmakers pass final budget

by Dentons on

The weekend of April 9 saw the passage of the New York State budget after the state Assembly and Senate, respectively, closed out Saturday and Sunday legislative sessions at the state Capitol in Albany. The final passage...more

IRS to Notify 100,000 Taxpayers That Their Information May Have Been Obtained Through Misuse of FAFSA Retrieval Tool

On Thursday, Internal Revenue Service (“IRS”) Commissioner John Koskinen testified that the personal data of up to a 100,000 taxpayers could have been compromised as a result of criminal use of the Free Application for...more

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