State taxes

The unexpected revenue may undercut their push for federal aid to deal with the pandemic.

New York, New Jersey, Connecticut and Maryland faced skeptical questioning from a panel of federal judges considering whether to revive a lawsuit that challenges a U.S. cap on individual deductions for state and local taxes.

The pandemic has forced states to consider where to tax work, but the rules remain tangled.

A Massachusetts plan would make remittances automatic and immediate.

Voters turned down Proposition 15, which would have changed how property taxes are assessed.

Tax policy for the next two years, and therefore tax planning strategies, may be determined in Georgia early next year.

Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.

The auction house was accused of helping a wealthy shipping company owner avoid paying income taxes on artwork he purchased.

The NJCPA is calling on state lawmakers and regulators to allow cannabis merchants to deduct business expenses.

Despite lingering uncertainty over the U.S. election, the country’s ultra-rich already have plenty to celebrate from Silicon Valley to Illinois.

The New York Stock Exchange told New Jersey lawmakers that it’s prepared to move operations out of state should they impose a new tax on electronic trades via data servers.

Revenue dropped 6 percent as the pandemic triggered economic shutdowns across the country, according to data from 44 states compiled by the Urban Institute.

Foxconn Technology Group’s request for tax credits from Wisconsin for a factory there was rejected by the state, which said the electronics manufacturer fell far short of the promises it made three years ago for the proposed $10 billion plant.

A distributed workforce may lower an organizations tax obligations in some jurisdictions.

The recent announcement of potential financial transaction taxes in New York and New Jersey alongside new regulations represent a growing operational challenge.

Coronavirus costs and revenue shortfalls may mean increases at all levels.

As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens.

Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.

State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown, a positive sign for governors and mayors who had been bracing for the biggest fiscal crisis in decades.

The tax hike will fund rebates for about 800,000 middle-class households.