News & Analysis as of

Tax Relief State and Local Government

Woods Rogers

State and Local Tax Law Changes in Effect in 2024

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The Virginia Department of Taxation released its 2024 legislative summary detailing changes, effective July 1, 2024, to Virginia’s state and local tax laws. The following discussion focuses on a few of the changes you may...more

Baker Donelson

The 113th Tennessee General Assembly Adjourns Sine Die – Highlighted Overview

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The 113th Tennessee General Assembly adjourned sine die on April 25, 2024. The session was dominated by debate over the size and scope of the $1.6 billion legislative fix to the state franchise tax that naturally dashed plans...more

Baker Donelson

SALT Select Developments - February 2024

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State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more

McDermott Will & Emery

Following Maryland’s Lead? We Guess Everyone Wants to Go to Court. Icy Challenges to Nebraska’s Advertising Services Tax Act Start...

McDermott Will & Emery on

Nebraska Governor Jim Pillen’s ambitious plan to provide $2 billion in property tax relief via an increase in the sales tax rate and an expansion of the sales tax base is stirring significant debate. Part of his proposal is...more

Baker Donelson

Legislation To Be Filed Addressing Potential Constitutional Issue with Franchise Tax

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On January 4, 2024, Tennessee Governor Bill Lee announced plans to amend the Tennessee franchise tax to simplify the calculation of the franchise tax to "in effect give tax relief to businesses that are invested in our...more

Verrill

2023 Massachusetts Tax Update

Verrill on

Massachusetts Estate Tax: For decedents dying on or after January 1, 2023, there is no Massachusetts estate tax for an estate under $2,000,000. The law does not adjust the filing threshold so state tax returns may still be...more

Sullivan & Worcester

Massachusetts And Maine Receive Hurricane Related Tax Relief

Sullivan & Worcester on

The Internal Revenue Service delivered an unexpected surprise to taxpayers in Massachusetts and Maine this week by postponing to February 15, 2024 the deadline for various individual and business tax returns and tax payments...more

Baker Donelson

SALT Select Developments – June 2023

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain state and local tax (SALT)...more

DarrowEverett LLP

Potential Changes Threaten Estate Planning Strategies, Create Urgency to Act

DarrowEverett LLP on

Actor Will Rogers is widely credited with stating that “the only difference between death and taxes is that death doesn’t get worse every time Congress meets.” While most taxpayers fear tax laws changing for the worse, estate...more

Baker Donelson

SALT Select Developments - April 2023

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain state and local tax (SALT)...more

Pierce Atwood LLP

Rhode Island Businesses Could Soon Receive Tax Relief

Pierce Atwood LLP on

Rhode Island Senate leadership is backing legislation that would exempt the first $100,000 of tangible property from property taxation by municipalities. The tangible tax is currently levied on businesses for property other...more

Pillsbury - SeeSalt Blog

California Extends Deadlines to File and Pay Taxes for Businesses and Individuals Affected by Severe Winter Storms

Following the IRS’s announcement of tax relief for 41 California counties* affected by severe winter storms, the California Franchise Tax Board (FTB) and California Department of Tax and Fee Administration (CDTFA) announced...more

Manatt, Phelps & Phillips, LLP

2022–2023 State Budget Update

California legislators have passed a 2022–23 spending proposal. This year’s budget measure, Senate Bill 154, totals over 1,000 pages. The Senate voted 28 to 8 to send the budget to Governor Newsom. The final Assembly vote was...more

Ervin Cohen & Jessup LLP

California Expands Business Relief Grants

On May 13, 2021, California Governor Gavin Newsom announced an expansion of the state’s COVID-19 Small Business Relief Grant program from $2.5 billion to $4 billion. The expansion makes California’s business relief grants...more

Dentons

Iowa 2021 Legislative Report - Week 11

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The eleventh week brought a steady bustle around the Capitol as we head into the next important legislative deadline, the second and final funnel ends on Friday, April 2. In order for bills to continue to be considered by the...more

Bodman

Michigan Individual Tax Deadline Automatically Extended to May 17

Bodman on

Through the issuance of a Notice posted to its website, The Michigan Department of Treasury (the “Department”) has extended the deadline for individual taxpayers to both file the applicable 2020 income tax return (e.g., Form...more

Morgan Lewis

State and Local Tax Responses to Covid-19 (UPDATED)

Morgan Lewis on

States and localities across the country are continuing to respond as quickly and effectively as possible to the coronavirus (COVID-19) outbreak. These responses include guidance for taxpayers on numerous topics, such as...more

Baker Donelson

S.A.L.T. Select Developments - March 2021

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain SALT developments in several...more

Pullman & Comley, LLC

Governor Lamont Restores Municipal Tax Relief Programs for January 2021

Pullman & Comley, LLC on

On December 16, 2020, Governor Ned Lamont signed Executive Order No. 9R which adopts most components of tax relief programs he had previously created for the April 1 through July 1, 2020 installments, and restores those...more

McDermott Will & Emery

Governor Newsom Announces New Relief for Remitting California Sales Tax

McDermott Will & Emery on

On Monday, November 30, 2020, Governor Gavin Newsom announced that California will provide temporary tax relief for eligible businesses impacted by restrictions imposed to control the COVID-19 pandemic. The announcement...more

Sheppard Mullin Richter & Hampton LLP

California Conforms To Federal Income Tax Treatment Of PPP Loan Forgiveness

As reported in our earlier blog post The CARES ACT – Tax Relief, the federal CARES Act provides for forgiveness of indebtedness for eligible recipients of Paycheck Protection Program (“PPP”) loans in an amount equal to the...more

Schwabe, Williamson & Wyatt PC

Oregon Department of Revenue Provides Tax Relief for Victims of Oregon Wildfires

On September 21, 2020, we outlined in this article relief the IRS provided with respect to certain victims of recent Oregon wildfires. On September 30, 2020, the Department of Revenue (“DOR”) followed the IRS, providing...more

Schwabe, Williamson & Wyatt PC

IRS Provides Tax Relief for Victims of Oregon Wildfires

On September 17, 2020, the IRS postponed various tax filing and payment deadlines for victims of the Oregon wildfires. Who Is Eligible? - Individuals in any area designated by the Federal Emergency Management Agency as...more

Buckingham, Doolittle & Burroughs, LLC

Ohio Bills Seek To Repeal Law Giving Cities Flexibility For Remote Worker Withholdings

In the wake of the Covid-19 pandemic, the Ohio General Assembly passed H.B. 197 to provide tax relief to Ohio citizens through deadline extensions and flexible tax policy. One provision gave employers flexibility to withhold...more

K&L Gates LLP

COVID-19: State Conformity to CARES Act Tax Relief: An Introductory Q&A

K&L Gates LLP on

As states and taxpayers settle in for a longer-term pandemic recovery than many first expected, taxpayers are increasingly focused on assessing whether the states in which they do business will conform to certain federal tax...more

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