State and Local Taxes
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The Most Complex States for Personal Property Tax Compliance
Filing property tax returns is the first hurdle your company must overcome if you do business in any of the 37 states that tax tangible personal property.
Some States Are Looking to Abolish Property Taxes Entirely
As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.
Let’s End Tax Break Giveaways for the Fat Cats of Pro Sports
Billions in tax-sheltered municipal bonds are sold to fund stadiums that enrich team owners while fueling federal deficits.
Arizona AG Asks Federal Court to Stop IRS From Taxing Family Rebate
Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing last year’s rebate.
SALT Bill Goes Down in the House, Likely Sealing Its Fate
The legislation was championed by blue-state Republicans opposed to the $10,000 state and local tax deduction cap.
Jeff Bezos Will Avoid Capital Gains Tax Thanks to His Move to Florida
The billionaire avoided Washington state's 7% capital gains tax on a recent sale of $2 billion worth of Amazon stock.
State and Local Tax (SALT) Predictions for 2024
The SALT professionals at Grant Thornton have compiled it's top predictions for what it expects to see in the coming year in this volatile space.
GOP SALT Bill on Shaky Ground After Getting Over House Rules Hump
Democrats back lifting deductions cap but argue Republican-backed legislation is an election-year gift.