U.S. House Speaker Nancy Pelosi tells senior Democrats a draft coronavirus relief bill would be about $2.4 trillion because it is to include airlines, restaurants and PPP small business aid, according to a person familiar with the matter

New Jersey’s legislature approved a $32.7 billion budget that borrows almost 14% of the total, raises millionaires’ income taxes and cuts the proposed pension payment. Governor Phil Murphy, whose fellow Democrats control the Assembly and Senate, has said he will sign it.

House Ways and Means Cmte Chairman Richard Neal says he is putting language together for a possible Democratic coronavirus relief bill that could be voted on next week.

Victims of Hurricane Sally—the Category 2 hurricane which ravaged parts of the Gulf Coast earlier this month—will have some more time to file their taxes.

The return of professional sports drove a bounty of sports gambling taxes in August for Colorado, which posted a 117% jump in bets compared with July.

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.

When a government initiative is called the “Paycheck Protection Program,” the assumption is it will keep workers on the job. But that hasn’t necessarily been the case.

Tech entrepreneur Justin Kan failed to build a business automating lawyers’ work, but a former Seyfarth Shaw partner has been quietly chipping away at the same task. Now, he’s looking to scale.

Governors and legislatures are examining options for tax relief against purchases of personal protective equipment during the Covid-19 pandemic, particularly as employers develop return-to-work strategies.

Sometimes, you can learn a lesson from reading a tax case even if it’s not what was likely intended by the Tax Court. That’s precisely what happened when I browsed through a recent summary opinion, Armstrong v. Commissioner.