Bloomberg Tax
Daily Tax Report: State

Washington Judges Open to Better Business Bureau’s Tax Argument

A Washington state appeals court panel seemed to agree with the Better Business Bureau at oral arguments Friday that its business and occupation tax refund case shouldn’t have been dismissed before trial.

Texas Justices Side With Landfill Owner in Property Tax Suit

The Texas Supreme Court held Friday that a landfill owner’s $2.8 million property tax valuation can’t be contested on grounds independent from the original protest or lower tribunal’s decision.

Washington State Retail Delivery Fee Could Raise $160 Million

A fee of 30 cents for every online retail order delivered to a doorstep in Washington state could generate as much as $160 million a year to fund transportation projects, according to a draft report from the Washington State Joint Transportation Committee.

Kansas Rushes to Lure NFL’s Chiefs After Missouri Rebuffs Team

Kansas Governor Laura Kelly signed a bill intended to entice the National Football League’s Kansas City Chiefs or Major League Baseball’s Kansas City Royals to move across state lines from Missouri.

Texas Justices Say Courts Can Review Property Tax Deals

The Texas Supreme Court held Friday that state courts can review an agreement between an electric utility’s predecessor and appraisers that contains clerical errors that increased the company’s tax liability by about $1.7 million.

Latest Stories

South Carolina Easement Lawsuit Seeks $28 Million Deduction

A South Carolina partnership sued the IRS for denying its $28.4 million charitable contribution deduction, arguing the agency acted arbitrarily and didn’t explain why its easement conveyance couldn’t support its claimed tax benefit.

State of Tax: Cuts in Two States, No Anti-Tax Vote in California

The week in state tax news: Special legislative sessions in Kansas and Arkansas produced income tax cuts, with lawmakers responding to two very different governors’ positions. Meanwhile, California’s Supreme Court dealt anti-tax activists a major blow by throwing their initiative off November’s ballot, and sponsors of a New York bill to provide a business-friendly deadline extension for the SALT-cap workaround aim to push for the measure next year.

Texas Justices Say Courts Can Review Property Tax Deals

The Texas Supreme Court held Friday that state courts can review an agreement between an electric utility’s predecessor and appraisers that contains clerical errors that increased the company’s tax liability by about $1.7 million.

FROM ACROSS BLOOMBERG TAX

Crypto News Daily Tax Report ® Daily Tax Report: International Financial Accounting News
  • Crypto News
  • Daily Tax Report ®
  • Daily Tax Report: International
  • Financial Accounting News

Binance General Counsel Confronts Some of Crypto’s Hardest Tests

<-bsp-bb-link state="{"bbHref":"bbg://securities/1624796D%20CH%20Equity","_id":"00000190-46e2-d497-a7fb-eeef936a0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Binance’s General Counsel Eleanor Hughes has a lot to keep her busy, ranging from the giant crypto exchange’s testy dispute with Nigerian officials to strict monitoring by US authorities as part of a landmark <-bsp-bb-link state="{"bbDocId":"S4HQUFDWX2PS","_id":"00000190-46e2-d497-a7fb-eeef936a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">plea deal.

Winklevoss Twins Refunded After Trump Crypto Gift Exceeded Limit

<-bsp-person state="{"_id":"00000190-3c41-d497-a7fb-fc4d4f010000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Cameron and <-bsp-person state="{"_id":"00000190-3c41-d497-a7fb-fc4d4f010001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Tyler Winklevoss were refunded after their Bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law.

US Lawmakers Visit Ailing Binance Executive in Nigerian Jail (1)

Two US lawmakers who visited a jailed <-bsp-bb-link state="{"bbHref":"bbg://securities/1624796D%20CH%20Equity","_id":"00000190-3bd5-d497-a7fb-ffdd83420000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Binance Holdings Ltd. executive in Nigeria said he is in poor health and asked the American embassy to seek a humanitarian release even as local authorities press on with a fraud trial against him.

Tax Your Crypto and NFTs? Yes, the IRS Wants Its Cut

Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.

Tax Developments

View More

California CDTFA Issues Publication on Statewide Compliance, Outreach Program

The California Department of Tax and Fee Administration (CDTFA) issued a publication on the Statewide Compliance and Outreach Program. The program is part of a statewide effort to educate business ...

Wisconsin DOR Issues Reminder for Real Property Assessment of Mobile Homes

The Wisconsin Department of Revenue (DOR) June 17 issued a reminder to tax payers that state law requires real property assessments of mobile homes unless certain exemptions apply. These exemptions ...

Washington DOR Issues Special Notice on Legislative Changes to Tax Increment Financing

The Washington Department of Revenue (DOR) issued a special notice concerning legislative changes to tax increment financing. The notice provides general guidance and assistance for county assessors, county treasurers, local ...

EXPLORE BLOOMBERG TAX

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: