State taxes

The state's new tax on second homes is nicknamed for its most famous part-time resident, but the levy will also squeeze owners whose houses are far less grand.

The Internal Revenue Service is having trouble keeping track of exactly which other agencies are receiving the data, according to a new report.

The state budget will be bolstered in part by a newly proposed tax on digital software sales.

Governor Gavin Newsom is calling for a federal tax on billionaires after failing to stop a California wealth tax from reaching the November ballot.

The comedian was arrested in Los Angeles for tax evasion and charged with owing over $300,000 to the state of California.

The group behind a proposed 5% wealth tax in California is pushing for a compromise with Governor Gavin Newsom by pitching a 2% levy instead.

The proposal to slash the tax to 4% from 5% can't go before Massachusetts voters in November because of misleading language in the official summary.

The proposal, which would impose a one-time 5% tax on a billionaire's net worth, has become one of the most closely watched political fights in California.

Some state lawmakers are introducing tax legislation targeting the growing use of artificial intelligence, according to a new report.

Local governments in Florida will face "greater credit pressure" if voters OK a plan to largely eliminate property taxes on over half of homes in the state.

Florida lawmakers approved a stripped-down version of a proposal from Gov. Ron DeSantis to slash property taxes, removing local school districts from the plan.

Governor Ron DeSantis floated a plan that could eventually eliminate property taxes for more than 90% of Florida residents who own their homes.

The so-called pied-à-terre tax is expected to take effect July 1 this year and would affect roughly 10,000 single family homes, coops and condominiums citywide.

California's proposed tax on billionaires is an opportunity may change the careers of Massachusetts-educated tech leaders.

The governor proposed to lift the exemption on homesteaded properties to $250,000, which would fully eliminate property taxes for 60% of Floridians.

Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.

Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row.

Representative Mike Lawler, a key negotiator behind the temporary increase to the cap on state and local tax deductions, pushed back on efforts to expand it.

California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.