American Airlines Seems to Sway Texas Court on Tax Preemption

American Airlines Inc. appeared to convince two Texas appeals court justices at oral arguments Thursday that federal law bars the state from imposing franchise taxes on its air transportation earnings.

Wall Street Boom to Reduce New York Budget Deficit by $3 Billion

New York state’s projected budget deficit narrowed by more than $3 billion, as the state expects a record-breaking stock market and improved outlook for Wall Street bonuses.

Michigan Property Owner Filed Tax Lawsuit Too Late, Court Says

A property owner’s suit challenging an increase to the property’s taxable value was untimely, the Michigan Court of Appeals held in dismissing the suit.

Delaware County Property Tax Rate Split Upheld by State Court

A temporary law implementing a split tax rate on non-residential and residential properties is proper because the scheme still conforms with the state constitution, a Delaware court held.

NBA’s Spurs Look to Voters to Seal $311 Million Arena Subsidy

The San Antonio Spurs are off to a strong start this season with star player Victor Wembanyama. Now the team is hoping momentum on the court carries over to the ballot box.

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Illinois Bill on Immigrant Job Protections Headed to Pritzker

Illinois is set to further restrict employers’ ability to fire immigrant workers over mismatches in their identity and work authorization documents, increasing penalties and giving interested parties such as labor unions the power to sue businesses for violations.

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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.

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Vermont Department of Taxes Updates Education Property Tax Rate FAQs

The Vermont Department of Taxes updated their education tax rate calculations frequently asked questions (FAQs). The update provides information on how the income limit for property tax credit eligibility is ...

Texas Comptroller Amends Regulation on Rural Law Enforcement Salary Assistance Program

The Texas Comptroller of Public Accounts adopted amendments to regulations concerning the Rural Law Enforcement Salary Assistance Program. The amendments modify definition of “grant” to clarify sources of funding, clarify ...

Nevada Tax Commission Adopts Regulation for Non-Resident Alcoholic Beverage Producers

The Nevada Tax Commission has adopted a regulation relating to alcoholic beverages produced outside of Nevada. The regulation requires out-of-state producers of alcoholic beverages who use warehouses, bonded warehouses, or ...

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