Last week at the NYU Intermediate Summer SALT Seminar, tax department leaders from across the country participated in a roundtable discussion, addressing topics such as department staffing, information sharing among states, and — everyone’s favorite — the fairness of retroactive legislation. My partner, Alysse McLoughlin, moderated the panel.
On the topic of retroactive legislation
On July 11, 2024, the Secretary of Revenue for the State of Louisiana, Richard Nelson, briefed a joint meeting of the Louisiana House Ways and Means Committee and the Senate Revenue and Fiscal Affairs Committee on the administration’s tax proposals for a potential limited constitutional convention later this summer and the upcoming 2025 Louisiana Legislative
As Louisiana heads towards a fiscal cliff, the Department of Revenue has been tasked with developing a plan to avoid the cliff and to address long called-for tax reform. Richard Nelson, Secretary of the Department of Revenue, reports that his Department is 1) reviewing approximately 200 sales tax exemptions for possible amendment, 2) reviewing the
For anyone interested in Louisiana property tax issues, the Louisiana Tax Commission has given notice of the dates for its annual Rules and Regulations hearings. Any interested party can submit a proposal to amend the current regulations to the Commission during this process. The Commission accepts written proposals that are presented in an open
Multinational corporations have long battled the IRS and other nations’ taxing authorities over their transfer pricing arrangements.
But transfer pricing examinations and disputes at the state level can be even more challenging due to a lack of consistency and transparency, particularly in states that require entities conducting a unitary business to file separate
Reprinted from Tax Notes State, April 22, 2024
It’s hard to believe it’s been over five years since the Maryland Court of Special Appeals held in Staples Inc. that an out-of-state parent could be subject to tax in the state by virtue of royalty payments made by in-state related entities despite all intercompany transactions
Reprinted from Tax Notes State, April 15, 2024
To incentivize investment in clean or renewable energy, the Inflation Reduction Act of 2022 (IRA) created — and in some cases improved on existing — federal income tax credits availablemto investors in eligible clean or renewable energy projects. Some of these credits are popular, at least
Governor-elect Jeff Landry announced today appointments to the Louisiana Department of Revenue.
“I am happy to make these announcements today, and I look forward to working
It is time for Louisiana assessors to open their rolls for taxpayer review! Many assessors began the two-week exposure period on August 15th, but the dates vary by parish. As such, if you want to review the fair market value placed on your property by an assessor in a particular parish, you can find the
The New York State Department of Taxation and Finance has formally proposed its 2015 corporate tax reform regulations under the State Administrative Procedure Act (SAPA). The regulations have been submitted for publication in the August 9, 2023 edition of the State Register.
These regulations have a long history. There were several iterations of the