While details of the plan have not been released, he did indicate that the proposal would expand sales taxes on services, including on lobbyists. The Governor indicated that the “package” would be sent to
Cooking with SALT
Key Ingredients Impacting State & Local Tax Issues by Jones Walker LLP
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Join COST and Jones Walker in Memphis for the Southeast Regional State Tax Seminar
Who: Council on State Taxation (COST)
When: Thursday, September 19
Where: Pfizer Inc. | 949 S. Shady Grove | 5th Floor | Memphis, TN 38120
Registration Fee: COST Member Company Registrant $50 | Non-COST Member Company $125
Jones Walker Presents Annual State & Local Tax Seminar in Houston, TX on October 3 – Registration Open!
Thursday, October 3, 2024 | Houston, Texas
The Jones Walker LLP State and Local Tax Team is back in Houston, TX with a day-long program on Thursday, October 3, 2024, titled Jones Walker: Viva Las Vegas! What happens in Vegas, stays in Vegas – but taxes follow you everywhere. This state and local tax seminar will provide practical and solution-focused…
About Face…La. Special Session on Tax Reform in the Works!
Although on August 1 we reported that a special session to address the pending “fiscal cliff” and tax reform in Louisiana was unlikely in 2024, and the deadline to get any constitutional changes on the November election ballot has passed, it appears there is growing momentum to convene a special session later this year to…
Loper Bright Is Fuel for Future State Transfer Pricing Challenges
In Loper Bright Enterprises v. Raimondo, the US Supreme Court overturned the 40-year-old Chevron doctrine, which instructed courts to defer to any reasonable agency interpretation of an ambiguous law. This move has led many in the state and local tax community to consider the potential impact on state agencies authorized with administering revenue statutes.
Although Loper…
Here Comes the Sun: Keep the Sunscreen Handy When Dealing with IRA Credits
There is a strong market in the transferability of IRA credits. However, be careful as there could be some unexpected state tax implications.
To fuel the market for IRA credits, proposed Treasury regulations provide that the purchaser will not recognize gain on its use of the credit for federal income tax purposes (which is not…
Beer and Liquor Lobbies Quarrel over Tax Policies While Facing TCJA Sunset
With the impending sunset of alcohol related tax provisions, the beer and liquor lobbies have begun sparring over the proper policies going forward, as each industry spotlights their needs and while disputing their competitor’s position. At the center of the fight is the taxability of seltzers and other ready to drink cocktails, as these drinks…
Curious Developments in New Jersey Audits
Great analysis by my colleague, Katie Quinn, on New Jersey’s request for quotes for transfer pricing consultants.
New Jersey transitioned to combined reporting, why do they anticipate a need for transfer pricing assistance moving forward?
Quinn said the timing of the notice was curious because New Jersey switched to combined reporting, which requires related…
Don’t Get “Roll”ed over: Time to Review Parish Property Assessment Rolls
As we look towards Fall, cooler weather and the start of football season, another annual event is about to kick off – the opening of the Louisiana Parish Property tax assessment rolls.
This is the time for taxpayers to meet with assessors and discuss the assessment of their moveable (personal) and immovable (real) and…
Mississippi Comprehensively Overhauls Its Sales Taxation of Oil and Gas Activities Effective July 1
A recent bill comprehensively overhauled how Mississippi applies its sales tax to oil and gas activities and related equipment. The Department of Revenue recently issued a notice explaining the changes and the newly adopted rates.
Effective July 1, 2024, the 3.5% Mississippi contractor’s tax no longer applies to drilling, redrilling, completing, or working over an…