Comcast Files First Challenge to Washington Digital Ad Tax

A Comcast Corp. subsidiary is challenging Washington state’s new application of sales tax to digital advertising, a move that was expected to draw litigation.

Chicago Advised to Weigh Furloughs, Tax Hikes to Fix Deficit

Chicago Mayor Brandon Johnson’s budget working group has given him dozens of options — including furloughs, hiring freezes, fee increases and a property tax hike tied to inflation — to choose from as he works to close a $1.15 billion deficit for next year.

California Lawmakers Leave Manufacturing Tax Credit for 2026

The California legislature plans next year to revisit an industrial tax credit that failed to advance before lawmakers ended their 2025 session Sept. 13.

Chicago Lends Pension Cash to Stop Asset Sale From Tax Delay

Chicago is stepping in to lend cash to its underfunded pensions so they have enough money to avoid asset sales to cover retirement checks as they wait for property taxes to come in after a computer issue delayed collections.

Oregon Taxpayer Denied $14,000 Deduction for Charity Donations

An Oregon resident was denied more than $14,000 in noncash charitable contributions deductions on her income tax return because she failed to substantiate the market value of the items she donated to charity, the state tax court announced Tuesday.

Latest Stories

Ohio Farmer With Crop Delays Gets Partial Agricultural Tax Break

An Ohio farmer is entitled to a partial property tax break under the current agricultural use valuation program despite not fully using the land for that purpose because external circumstances prevented the company from doing so, a state tax tribunal decided Wednesday.

Bessent, Like Fed Governor, Made Contradictory Mortgage Pledges

US Treasury Secretary Scott Bessent once agreed to occupy two different houses as his “principal residence” at the same time, mortgage documents show — the same kind of contradictory pledges that President Donald Trump has been using to try to oust Federal Reserve Governor Lisa Cook.

FROM ACROSS BLOOMBERG TAX

CryptoDaily Tax Report ®Daily Tax Report InternationalFinancial Accounting
  • Crypto
  • Daily Tax Report ®
  • Daily Tax Report International
  • Financial Accounting

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.

Tax Developments

View More

Washington Appeals Board Sets Aside County Board’s Assisted Living Facility Property Tax Valuation

The Washington Board of Tax Appeals (BTA) set aside the County Board of Equalization’s (County Board) property tax valuation of an assisted living facility. The County Board sustained the assessor’s ...

Washington Appeals Board Sets Aside County Board’s Seattle Bar Property Tax Valuation

The Washington Board of Tax Appeals (BTA) set aside the County Board of Equalization’s (County Board) property tax valuation of a Seattle bar. The County Board sustained the assessor’s valuation. ...

Washington Appeals Board Partially Sustains Taxpayer’s Property Valuation Appeal

The Washington Board of Tax Appeals issued a decision partially granting taxpayer’s property tax appeal. The dispute involved the Jan. 1, 2021, true and fair market value of taxpayer’s properties ...

EXPLORE BLOOMBERG TAX

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: