News & Analysis as of

State and Local Government Tax Relief

Cozen O'Connor

Virginia Viewpoint: Reconvened Session Update

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As the dogwoods bloom, so did debate in the Capitol — where Governor Glenn Youngkin’s amendments and vetoes took center stage. On Wednesday, the Virginia General Assembly reconvened in Richmond to consider the Governor’s...more

Faegre Drinker Biddle & Reath LLP

A Guide for Property Owners Affected by the 2025 Los Angeles and Ventura Wildfires

Los Angeles and Ventura counties continue to reel from the devastating firestorm that led Governor Newsom to declare a state of emergency on January 7, 2025. The resulting fires, including the Palisades, Eaton, Hurst, Lidia,...more

Cozen O'Connor

Virginia Viewpoint: Late Out of the Gate

Cozen O'Connor on

The 2025 General Assembly commenced its legislative business this week following an unexpected delay due to widespread water outages that impacted the city of Richmond last week. With only 46 days in this "short" session — as...more

Fox Rothschild LLP

Property Tax Relief Available for Los Angeles County Residences Damaged or Destroyed by Wildfires

Fox Rothschild LLP on

In the wake of the ongoing wildfires in Los Angeles County, our heart goes out to all those affected by this devastating disaster. The destruction has been overwhelming to witness, and the loss of homes, businesses and lives...more

Nossaman LLP

IRS and California Provide Tax Relief for LA County Residents and Businesses

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The IRS on Friday, January 10, 2025 extended tax payment and filing deadlines to October 15, 2025 for Los Angeles County individuals and businesses because of the recent fires. The California Governor’s office followed suit...more

Cozen O'Connor

New York Note: State of the City, New Legislative Session, Council Hearing

Cozen O'Connor on

In his 2025 State of the City address, Mayor Eric Adams detailed his administration’s efforts to create a safer, more equitable, and family-centered New York City. He noted achievements like reducing crime, expanding...more

Woods Rogers

State and Local Tax Law Changes in Effect in 2024

Woods Rogers on

The Virginia Department of Taxation released its 2024 legislative summary detailing changes, effective July 1, 2024, to Virginia’s state and local tax laws. The following discussion focuses on a few of the changes you may...more

Baker Donelson

The 113th Tennessee General Assembly Adjourns Sine Die – Highlighted Overview

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The 113th Tennessee General Assembly adjourned sine die on April 25, 2024. The session was dominated by debate over the size and scope of the $1.6 billion legislative fix to the state franchise tax that naturally dashed plans...more

Baker Donelson

SALT Select Developments - February 2024

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more

McDermott Will & Emery

Following Maryland’s Lead? We Guess Everyone Wants to Go to Court. Icy Challenges to Nebraska’s Advertising Services Tax Act Start...

McDermott Will & Emery on

Nebraska Governor Jim Pillen’s ambitious plan to provide $2 billion in property tax relief via an increase in the sales tax rate and an expansion of the sales tax base is stirring significant debate. Part of his proposal is...more

Baker Donelson

Legislation To Be Filed Addressing Potential Constitutional Issue with Franchise Tax

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On January 4, 2024, Tennessee Governor Bill Lee announced plans to amend the Tennessee franchise tax to simplify the calculation of the franchise tax to "in effect give tax relief to businesses that are invested in our...more

Verrill

2023 Massachusetts Tax Update

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Massachusetts Estate Tax: For decedents dying on or after January 1, 2023, there is no Massachusetts estate tax for an estate under $2,000,000. The law does not adjust the filing threshold so state tax returns may still be...more

Sullivan & Worcester

Massachusetts And Maine Receive Hurricane Related Tax Relief

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The Internal Revenue Service delivered an unexpected surprise to taxpayers in Massachusetts and Maine this week by postponing to February 15, 2024 the deadline for various individual and business tax returns and tax payments...more

Baker Donelson

SALT Select Developments – June 2023

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain state and local tax (SALT)...more

DarrowEverett LLP

Potential Changes Threaten Estate Planning Strategies, Create Urgency to Act

DarrowEverett LLP on

Actor Will Rogers is widely credited with stating that “the only difference between death and taxes is that death doesn’t get worse every time Congress meets.” While most taxpayers fear tax laws changing for the worse, estate...more

Baker Donelson

SALT Select Developments - April 2023

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain state and local tax (SALT)...more

Pierce Atwood LLP

Rhode Island Businesses Could Soon Receive Tax Relief

Pierce Atwood LLP on

Rhode Island Senate leadership is backing legislation that would exempt the first $100,000 of tangible property from property taxation by municipalities. The tangible tax is currently levied on businesses for property other...more

Pillsbury - SeeSalt Blog

California Extends Deadlines to File and Pay Taxes for Businesses and Individuals Affected by Severe Winter Storms

Following the IRS’s announcement of tax relief for 41 California counties* affected by severe winter storms, the California Franchise Tax Board (FTB) and California Department of Tax and Fee Administration (CDTFA) announced...more

Ervin Cohen & Jessup LLP

California Expands Business Relief Grants

On May 13, 2021, California Governor Gavin Newsom announced an expansion of the state’s COVID-19 Small Business Relief Grant program from $2.5 billion to $4 billion. The expansion makes California’s business relief grants...more

Dentons

Iowa 2021 Legislative Report - Week 11

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The eleventh week brought a steady bustle around the Capitol as we head into the next important legislative deadline, the second and final funnel ends on Friday, April 2. In order for bills to continue to be considered by the...more

Bodman

Michigan Individual Tax Deadline Automatically Extended to May 17

Bodman on

Through the issuance of a Notice posted to its website, The Michigan Department of Treasury (the “Department”) has extended the deadline for individual taxpayers to both file the applicable 2020 income tax return (e.g., Form...more

Morgan Lewis

State and Local Tax Responses to Covid-19 (UPDATED)

Morgan Lewis on

States and localities across the country are continuing to respond as quickly and effectively as possible to the coronavirus (COVID-19) outbreak. These responses include guidance for taxpayers on numerous topics, such as...more

Baker Donelson

S.A.L.T. Select Developments - March 2021

Baker Donelson on

State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain SALT developments in several...more

Pullman & Comley, LLC

Governor Lamont Restores Municipal Tax Relief Programs for January 2021

Pullman & Comley, LLC on

On December 16, 2020, Governor Ned Lamont signed Executive Order No. 9R which adopts most components of tax relief programs he had previously created for the April 1 through July 1, 2020 installments, and restores those...more

McDermott Will & Emery

Governor Newsom Announces New Relief for Remitting California Sales Tax

McDermott Will & Emery on

On Monday, November 30, 2020, Governor Gavin Newsom announced that California will provide temporary tax relief for eligible businesses impacted by restrictions imposed to control the COVID-19 pandemic. The announcement...more

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