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Tax Exemptions

Davis Wright Tremaine LLP

New Oregon Law Impacts Data Center Development Statewide

Effective June 5, 2026, new data centers in Oregon are barred from accessing the state's largest property tax incentive program, marking a pivotal moment in an increasingly complex regulatory landscape. A moratorium included...more

DLA Piper

Indirect Tax Monthly Alert - May 2026

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In this update, we provide a summary of important VAT and Customs Tax developments from May 2026 with implications for global business operations....more

DLA Piper

VAT treatment of debt factoring clarified following Revenue TDM update

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Irish Revenue has updated its Tax and Duty Manual on the VAT treatment of debt factoring and invoice discounting to reflect the CJEU decision in Kosmiro. ...more

DLA Piper

Italian Tax Authority confirms VAT exemption for import of personal yachts of new Italian residents

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As a preliminary remark, the Italian Tax Authority limits its analysis to VAT, since customs duties fall within the jurisdiction of the Italian Customs Authority and, therefore, lie outside the scope of the ruling. In...more

Harris Beach Murtha

Oneida County Expands Housing Incentives for Rental and Owner-Occupied Projects

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The Oneida County Industrial Development Agency adopted a new Uniform Tax Exemption and Agency Benefits Policy (the “Policy”) for rental and owner-occupied projects, expanding its prior market-rate rental housing policy and...more

Cozen O'Connor

A Comprehensive Guide for Families and Advisors

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A Transformational Planning Tool for Disability Financial Independence - The Achieving a Better Life Experience (ABLE) account, authorized under Internal Revenue Code § 529A, represents one of the most significant...more

McDermott Will & Schulte

EU VAT: What recent CJEU cases mean for bundled or composite supplies

Recent case law from the Court of Justice of the European Union (CJEU) confirms a restrictive approach to treating multiple elements as a single supply for VAT purposes....more

Polsinelli

Congress Considers Expanded Schedule H Reporting Requirements for Tax-Exempt Hospitals

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Key Takeaways: Congress is considering expanded Schedule H reporting requirements for certain tax-exempt hospital organizations required to file Form 990 to require more detail on community benefit, charity care, 340B...more

Lasher

The “I Love You Will” Trap: How Washington Estate Tax Can Cost Families Thousands

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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

Lowndes

Florida’s Proposed Property Tax Constitutional Amendment (Appearing on the November 2026 Ballot)

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A proposed constitutional amendment was passed by both chambers of the Florida Legislature during a special session yesterday. The measure will appear on the November 2026 general election ballot and requires 60% voter...more

DLA Piper

Proposed Section 892 regulations address applicability dates and transition rule: Key takeaways

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The United States Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) published new proposed Section 892 regulations (2026 Proposed Regulations) regarding the applicability dates of...more

Pullman & Comley - For What It May Be Worth

Fair Market Value of Zero!

Connecticut has long grappled with the proper manner in which to value property devoted exclusively to house low- and moderate-income individuals, with court decisions coming down on different sides of the issue...more

Holland & Knight LLP

Compradores de vehículos eléctricos o híbridos en Colombia pueden recuperar el IVA

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Las personas naturales o jurídicas que hayan adquirido vehículos eléctricos o híbridos en Colombia en los últimos cinco años pueden recuperar el monto pagado por concepto de impuesto al valor agregado (IVA) mediante un...more

Ballard Spahr LLP

Oregon Decouples From the QSBS Regime: How a State Tax Policy Change Could Fund Your Year Abroad

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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

Kohrman Jackson & Krantz LLP

Ohio Halts Data Center Tax Incentive Amid Growing Debate

Data center development has been at the center of the economic development conversation in 2026 as states and communities have been debating both the economic development incentive programs for data centers and the positive...more

Cozen O'Connor

Municipal Stormwater Management Charge is a Tax... Or is It?

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A municipal stormwater charge imposed by the Borough of West Chester (Borough) was determined to be a tax, and not a fee, by the Pennsylvania Supreme Court. The Borough of West Chester v. Pennsylvania State System of Higher...more

Venable LLP

QSBS Stacking in the Crosshairs?

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"Just want to give you a little tip. Just keep an eye out for that." With those words on May 20, Kenneth Kies, Treasury's assistant secretary for tax policy and acting IRS chief counsel, put the tax planning community on...more

Tucker Arensberg, P.C.

Recent Pennsylvania Supreme Court Decision Provides Refund Opportunities for Tax Exempt Organization

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The Pennsylvania Supreme Court recently ruled that a tax-exempt organization did not have to pay a Storm Water Management Fee because the charge was a tax and not a fee. This ruling provides a refund opportunity for any...more

Farella Braun + Martel LLP

A Good Environment for Gifting: Taking Advantage of Low Valuations for Family Legacy Planning

Many in the wine industry are part of a legacy, or hope to create one, where properties and business interests are ultimately passed down to the next generation and beyond. While many plan to pass these long-term assets along...more

Otten Johnson Robinson Neff + Ragonetti PC

Colorado’s Unresolved Data Center Debate

As demand for AI and cloud-computing infrastructure continues to accelerate, data center development has become an increasingly important issue for commercial real estate developers, utility companies, municipalities, and...more

Moore & Van Allen PLLC

Client Alert: South Carolina Freezes Certain Nonprofit Low-Income Housing Property Tax Exemption Applications (Updated)

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UPDATE — May 20, 2026: On May 19, 2026, the Governor signed S. 853 into law, enacting the temporary processing freeze on certain Exemption Statute applications discussed below....more

Amundsen Davis LLC

Section 529 Accounts: Expanded Education Uses and New Tax‑Free Planning Opportunities

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It’s not just a crying baby keeping many new parents up at night—rising education costs have made planning for a child’s future a top concern. Section 529 accounts have long served as a powerful tax‑advantaged tool to help...more

Pierce Atwood LLP

March/April 2026 Law Court Roundup: Dentists and Vodka and Weed, Oh My!

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Welcome to our second roundup of recent notable Law Court decisions (our previous roundup for January and February of 2026 is available here). Lots of interesting stuff here on legal topics as far-ranging as qualified and...more

Moore & Van Allen PLLC

Client Alert: South Carolina Freezes Certain Nonprofit Low-Income Housing Property Tax Exemption Applications

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Key Points - This is the second late-session bill affecting the nonprofit housing property tax exemption. As covered in our May 12, 2026, client alert, H. 5006 was amended on the Senate floor to rewrite the exemption under...more

FBT Gibbons LLP

Tax Strategies for QSBS: Stacking and Staggering Section 1202 Exclusions

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Much has been written about IRC Section 1202. Section 1202 affords non-C corporation taxpayers who sell a corporation’s qualified small business stock (“QSBS” or “1202 Stock”) issued after July 4, 2025 (and who satisfied the...more

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