Tax

George Callas most recently was senior tax counsel to House Speaker Paul Ryan and was a chief architect of the tax reform legislation enacted in December.

The study adds to the growing body of findings by think tanks and credit rating agencies that highlight the pitfalls states face when considering new taxes on e-cigarettes and marijuana because of the changing habits of American consumers.

California reported an $8.5 billion surplus in the budget passed last month.

An SEC advisory committee heard critics say the muni market is lacking in pre-trade price transparency and that hurts retail investors. But industry officials said MSRB rules have vastly improved muni market transparency.

State and local governments were advised Thursday to avoid imposing burdens on out-of-state e-commerce retailers that could spark a new round of litigation as they begin implementing the Supreme Court’s June 21 South Dakota v. Wayfair, Inc. ruling on sales taxes.

During a webinar Thursday moderated by the National League of Cities, officials pointed out that the South Dakota v. Wayfair, Inc. sales tax case has been remanded by the U.S. Supreme Court back to the South Dakota Supreme Court.

The firm is expanding its bond counsel practice in Virginia and the Southeast.

Congress might provide clarity by preventing states any state from imposing retroactive liability.

Membership in the Streamlined Sales Tax Governing Board is voluntary, but the Supreme Court ruling may serve as an impetus for more states and e-commerce retailers to join.

The tax would fund the voter-approved Medicaid expansion that was supposed to take effect July 2.

Texas maintained its torrid pace of sales tax collections in June with its sixth monthly record in 2018.

Tax accountants, financial advisors, private schools, and other organizations are advertising tax credits for donating to private K-12 voucher funds as ways to "sidestep," "bypass," "circumvent," or "mitigate" the impact of the federal SALT deduction cap, according to a survey.

CDFA said it is surveying local, state and multi-jurisdictional issuers about private activity bond fees in conduit transactions.

Sen. Jon Tester, D-Mont., and co-sponsors of a recently offered bill want to prevent businesses in their states from being forced to collect sales taxes from e-commerce transactions.

State workarounds for the new $10,000 cap on the deduction for state and local taxes may present new legal issues for the service, nominee Charles Rettig says.

Google, the city's largest employer, would pay around $3.3 million under the plan

Eric Papenfuse called for a hiring freeze and renewed scrutiny for all non-essential spending after the state budget did not give him the taxing flexibility he seeks.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

With the need for Congressional action lessened, governors and state legislatures can focus on fine tuning their own laws, officials said.

Thursday's 5-4 ruling involves a 2016 law enacted by South Dakota requiring out-of-state e-commerce retailers to collect sales tax if they have more than 200 transactions annually or $100,000 in sales within the state.