Tax Law

Recent Posts

State Net Capitol Journal – May 13, 2013
Posted on 13 May 2013 by State Net

Budget & Taxes TAX REVENUE SURGE YIELDS SURPLUS IN CA: On April 17 California received nearly $2.8 billion in personal income tax payments, the third-largest amount collected on a single day in the state's history. That haul - combined with... Read More

2012 ALEC-Laffer Report Strikes Familiar Theme
Posted on 13 Apr 2012 by Peter Miller

The just-released 5 th edition of Rich States, Poor States , the American Legislative Exchange Council's (ALEC) report on economic competitiveness of the states, reaches familiar conclusions shadowing those set forth in preceding editions: How the... Read More

Tax Treatment of Gift, Dividends, or Loans to Employees
Posted on 4 Sep 2012 by LexisNexis Tax Law Community Staff

by Mary Howley * Although gifts are generally excluded from income, gifts from employers to employees are generally included in income. Achievement awards given to employees from employers may be excluded from income in certain cases. Holiday gifts... Read More

State Net Capitol Journal – June 15, 2015; California Considering Prop 13 Reform
Posted on 15 Jun 2015 by State Net

Budget & Taxes CA Considering Prop 13 Reform A bill introduced last week in California would overhaul Proposition 13 -- the landmark property tax limit initiative approved by the state’s voters in 1978 -- to allow regular reassessments... Read More

Tax Protestors Alive and Well and Living in Canada
Posted on 16 Apr 2012 by Allison Christians

The tax protestor movement is alive and well in Canada and getting some publicity just in time to serve as a warning to Canadian taxpayers readying their annual returns.* I read with interest the recent case of Russell Porisky and his wife Elaine Gould... Read More

State Net Capitol Journal – November 3, 2014; Massachusetts Casino Study At Odds With Experience Of Other States
Posted on 3 Nov 2014 by State Net

MA CASINO STUDY AT ODDS WITH EXPERIENCE OF OTHER STATES: Supporters of a November ballot measure in Massachusetts (Question 3) aimed at repealing the 2011 law authorizing as many as three resort casinos and a slots parlor in the state issued a press release... Read More

State Net Capitol Journal – March 9, 2015; Louisiana Governor Proposes Tax-Credit Changes
Posted on 9 Mar 2015 by State Net

Budget & Taxes LA GOV PROPOSES TAX-CREDIT CHANGES: Louisiana Gov. Bobby Jindal's (R) administration proposed a 2016 budget last month that included deep cuts that would close community health clinics and historic sites, as well as force more... Read More

State Net Capitol Journal – July 21, 2014; Philadelphia Cigarette Tax In Limbo
Posted on 21 Jul 2014 by State Net

Budget & Taxes PHILADELPHIA CIGARETTE TAX IN LIMBO: The cash-strapped school district and city of Philadelphia have been pushing for a bill imposing a $2 surcharge on every pack of cigarettes sold in the city to provide enough funding to avert... Read More

Tax Treatment of Gift, Dividends, or Loans to Employees
Posted on 4 Sep 2012 by LexisNexis Tax Law Community Staff

by Mary Howley * Although gifts are generally excluded from income, gifts from employers to employees are generally included in income. Achievement awards given to employees from employers may be excluded from income in certain cases. Holiday gifts... Read More

2012 ALEC-Laffer Report Strikes Familiar Theme
Posted on 13 Apr 2012 by Peter Miller

The just-released 5 th edition of Rich States, Poor States , the American Legislative Exchange Council's (ALEC) report on economic competitiveness of the states, reaches familiar conclusions shadowing those set forth in preceding editions: How the... Read More

Pepper Hamilton LLP: Congress Seeks to Simplify Multistate Income Tax Withholding Requirements for Employees
Posted on 24 Jun 2011 by Pepper Hamilton LLP

By Lance S. Jacobs and Callie Perkins Recently introduced legislation aims to simplify global income tax reporting by establishing a national standard for filing and withholding income taxes for nonresident workers. Currently 43 states... Read More

Caplin & Drysdale: District of Columbia Alters Treatment of Municipal Bond Interest
Posted on 14 Dec 2011 by Caplin and Drysdale

By Beth Kaufman , Lucy Lee and Michael Pfeifer Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities. Income from the following bonds will continue to be tax exempt... Read More

CCA Applies Anti-Abuse Rule for Transactions between a Consolidated Group and a Non-Member where a Partnership Is Interposed
Posted on 13 Feb 2011 by Pepper Hamilton LLP

By Todd B. Reinstein Most transactions between members of the same consolidated group generally do not result in current recognition of federal income tax. Treasury Regulations require that "intercompany" items of income, gain,... Read More

Estate, Capital Gains and Other Taxes in 2011: What Will Happen Now?
Posted on 16 Nov 2010 by Deirdre R. Wheatley-Liss

The people have spoken and the end is drawing near. The people are all of us who exercised our right to vote earlier this month and the end is the end of the tax cuts passed in 2001. If Congress does nothing, here is what happens. Income Taxes will... Read More

Tax Protestors Alive and Well and Living in Canada
Posted on 16 Apr 2012 by Allison Christians

The tax protestor movement is alive and well in Canada and getting some publicity just in time to serve as a warning to Canadian taxpayers readying their annual returns.* I read with interest the recent case of Russell Porisky and his wife Elaine Gould... Read More