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New York City Initiates Rulemaking Process for Business Corporation Tax

New York City’s Department of Finance (DOF) has issued the first tranche of proposed regulations under new Chapter 11A of Title 19 of the Rules of the City of New York (Proposed Rules) to implement its 2015 corporate tax reform—moving straight into formal rulemaking, in contrast with State’s multi-stage drafting…

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Billion-Dollar Question: California Initiative Targets the Ultra-Wealthy with One-Time Tax

  Proponents have filed a California ballot initiative proposing a one-time wealth tax on individuals with more than $1 billion in net worth. The “2026 Billionaire Tax Act” would impose, for tax year 2026, a 5% tax on “all forms of personal property and wealth, whether tangible or intangible” exceeding…

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2025 Annual Meeting of the Tax Bar and Tax Policy Conference

Pillsbury SALT attorneys Carley Roberts, Robert P. Merten III and Jeff Phang will be presenting at this year’s Annual Meeting on November 12–14, 2025. Robert P. Merten III: Nuts and Bolts Bootcamp Wednesday, November 12 This workshop is designed specifically for law students and younger tax attorneys looking to gain a…

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32nd Annual Paul J. Hartman State & Local Tax Forum

Pillsbury SALT partners Carley Roberts, Zachary Atkins and Aruna Chittiappa will be presenting at the 32nd Annual State and Local Tax Forum taking place Oct. 27–29, 2025. This Forum provides industry, practitioners and state revenue employees the opportunity to participate in a quality forum exploring significant national developments and trends…

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Sourced and Settled: California FTB Finalizes its Long-Awaited Market-Sourcing Regulation, Applicable to Tax Year 2026 and Beyond

After nearly a decade in development, the California Franchise Tax Board (FTB) has finalized its amended market-based sourcing regulation under Regulation Section 25136-2, which governs the sourcing of receipts from services and intangible property. The regulation was approved by the Office of Administrative Law and filed with the Secretary of…

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COST 56th Annual Meeting

Join Pillsbury SALT partners Zachary Atkins and Evan Hamme for their presentations at COST’s 56th Annual Meeting. On September 18, Zack will join fellow panelists to discuss the topic, “Deep Dive into COST of Performance and Market-Based Sourcing: Methods of Multistate Analysis, Planning and Tax Accounts.” This session will provide…

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California Updates Tax Regulations on Technology Transfer Agreements

In a move to untangle the complexities surrounding sales and use tax in technology transfer arrangements, California’s tax regulator has laid out three major proposals. SALT attorneys Jeff Vesely and Richard Nielsen dissect these changes—from adding clarification to introducing rebuttable presumptions—that could dial down uncertainty at the crossroads of sales/use…