5 Key Takeaways | Federal Preemption in State Tax: Where the Lines Are Drawn
Direct Procurement — Surplus Lines 360
5 Key Takeaways | OBBBA: State and Local Tax Issues and Impacts – Analysis and Practical Guidance
5 Key Takeaways | Salt Update: Navigating the Complex Landscape of Sales and Use Tax Sourcing
5 Key Takeaways | Equity and State Taxes: Equitable Doctrines and Their State Tax Application
6 Key Takeaways | Update on Significant Unclaimed Property Issues
5 Key Takeaways | New York Tax Developments
5 Key Takeaways | The Illinois Franchise Tax: A Trap for the Unwary - and Even the Wary
Key Advantages of Using REITs by Funds for US Individuals and GP Stakeholders — The Tax Blueprint Podcast
The Impact of One Big Beautiful Bill on Estate Planning
State AG Pulse | An Early Peek At the 2026 State AG Elections
Nonprofit Quick Tips: State Filings in Alabama and Arkansas
4 Key Takeaways | NY Sales Tax on Cloud-Based Document Management Services
5 Key Takeaways | SALT and Multinational Businesses: Analyzing State and Local Taxation of Foreign Company Transactions
3 Key Takeaways | Update on Chicagoland Local Taxes
4 Key Takeaways | New York Tax Developments
5 Key Takeaways | Income Tax Jeopardy! A Potpourri of Hot Topics
5 Key Takeaways | State Tax Litigation
5 Key Takeaways | National State Tax Cases, Issues, and Policy Matters to Watch
5 Key Takeaways | State Sales Tax in 2024: What Every Retailer Needs to Know
You wouldn’t buy a restaurant or bar without doing a “walk-through,” checking staff and clientele and kicking the floorboards for rats or cockroaches. But you should also kick the financial floorboards for unpaid sales taxes....more
The 2026 Billionaire Tax Act (“BTA”) asks policymakers to rely on revenue that may be slow, contested, and uncertain. The Act’s own design creates four practical problems: (1) court challenges could delay collection for...more
As part of its Fiscal Year 2026-2027 New York State Budget Bill, the New York State Legislature has amended the New York State Tax Law by adding Article 30-C, entitled “City Surcharge on Property That Does Not Serve as a...more
The South Carolina Department of Revenue (“DOR”) issued a draft revenue ruling, Rev. Rul. #26-x, providing welcome clarity on key timing requirements associated with fee in lieu of tax (“FILOT”) agreements. The interplay...more
On May 14, 2026, Governor Newsom’s May Revision proposed extending California’s sales and use tax to digital prewritten software regardless of delivery method—including electronically delivered software and SaaS. Currently,...more
On June 1, the Illinois legislature passed a budget bill (S.B. 3019) (“Bill”) that includes a variety of new taxes along with a number of other important tax changes. Governor Pritzker came out in favor of the budget and is...more
As the Millennial generation begins to enter middle age, there have been several recent articles that discuss the great wealth transfer that will be occurring in the next few years when the baby boomer generation passes their...more
The New York State Legislature on May 26, 2026, enacted the 2026-2027 New York State Budget Bill, Part HH of which amends Article 30-C of the New York State Tax Law by adding Sections 1350 to 1356 titled "City Surcharge on...more
While many are now familiar with New Jersey's 2025 revised “Mansion Tax” rules (N.J.S.A. 46:15-7.2), which shifted the tax burden from buyers to sellers and increased tax rates on transactions exceeding $2 million, a recent...more
On May 27, 2026, Governor Tim Walz signed legislation extending the Minnesota pass-through entity tax (PTET) through December 31, 2027. Prior to this extension, and as contemplated in our previous alert, Minnesota's PTET law...more
Kilpatrick partners David Hughes and Jordan Goodman recently spoke at the annual AGN International “2026 Americas Regional Meeting.” Their presentation discussed “State and Local Tax Hot Topics: 2026 and Beyond.” David and...more
It is the most natural estate plan anyone can think of. You sit down with your spouse and agree: “If I go first, you get everything. When you go, the kids split what is left.” It’s simple, it’s fair, and it reflects your...more
New York’s newly adopted pied-à-terre tax adds yet another layer of complexity for owners of high-value residential property in New York City. Beginning July 1, 2026, certain non-primary residences will be subject to...more
Plug-in solar systems (also known as balcony solar or apartment solar) have been legalized by seven states this year. This opens up new markets to the sellers of small solar panels, microinverters, and their related...more
On June 1, 2026, the Illinois General Assembly passed S.B. 3019. In part one of this Legal Alert series, we addressed the tax on targeted advertising services and a Social Media Platform Fee. In this part two, we address a...more
The South Carolina legislature recently amended the abandoned building tax credit statute, marking the first substantive update since 2018. With the governor’s signature on May 19, Senate Bill 853 became law. ...more
On May 28, 2026, New York Governor Kathy Hochul signed legislation imposing an annual property tax surcharge — referred to as a “pied-à-terre tax” — on certain New York City properties valued at $5 million or more....more
On June 1, 2026, the Illinois General Assembly passed S.B. 3019, which serves as the state’s budget bill. Via a late amendment, Illinois will make a number of significant tax changes. Here, in part one of this Legal Alert...more
New York State lawmakers have enacted a new annual “pied‑à‑terre” tax applicable to certain high‑value residential properties in New York City that are not used as a primary residence. The tax is designed as a surcharge...more
Severance tax is among the largest recurring tax burdens that many upstream producers face, yet it is often one of the least reviewed areas in the tax process. Calculating allowable deductions, particularly marketing costs...more
The North Carolina General Assembly returns to Raleigh on June 1 after a break for Memorial Day. The attention of legislators will be on the state budget bill and remaining policy items....more
As discussed in a prior alert, Oregon enacted a tax bill that, in part, decouples from the beneficial federal tax regime for sales of qualified small business stock (QSBS). As a result, Oregonians selling QSBS will have to...more
South Carolina has taken an important step to make it easier to redevelop abandoned properties. On May 19, 2026, Governor Henry McMaster signed S.853 into law, updating the South Carolina Abandoned Buildings...more
New York State’s legislature is poised to approve a new annual tax on second homes in New York City valued at over $5 million, with the tax expected to take effect on July 1, 2026, and generate approximately $500 million in...more
According to a recent report, Manhattan boasted the most expensive residential real estate market in the country last year. “Manhattan residents spend nearly five times the national average for housing.” That shouldn’t...more