SALT partner Aruna Chittiappa will be presenting at TEI’s Midyear Conference on March 17.
Articles Posted in Issues
2025 ABA-IPT Advanced Property Tax Seminar
Pillsbury SALT partner Breann Robowski will present at the 2025 ABA-IPT Advanced Property Tax Seminar on March 13.
California OTA Denies Credit for NYC Business Taxes in Precedential Opinion
In the Appeal of Mather, the California Office of Tax Appeals (OTA) held in a precedential opinion that New York City’s (NYC) Unincorporated Business Tax (UBT) was not a tax “imposed by and paid to another state,” as required to claim the Other State Tax Credit (OSTC), because New York State (NYS) did not require NYC to impose the UBT. The OTA also held that the NYS Metropolitan Commuter Transportation Mobility Tax (MCTMT) met the requirements to claim the OSTC, but that the taxpayers failed to substantiate the amount of their claim.
COST Pacific Northwest Regional State Tax Seminar
SALT attorneys Zachary Atkins, Evan Hamme, Taylor Wolff and Breanna Zagorski will be presenting at the COST Pacific Northwest Regional State Tax Seminar on December 5.
California Imposes Further Disclosure Requirements for Local Sales Tax Sharing Agreements
On September 28, 2024, California enacted Assembly Bill 2854, which imposes new disclosure requirements on local agencies (i.e., chartered or general law cities and counties) that have entered into local sales tax sharing agreements with retailers. Generally, pursuant to a local sales tax sharing agreement, a retailer will agree to establish a new sales or fulfillment center in a local jurisdiction and source its sales to that local jurisdiction. In exchange, the local jurisdiction will provide the retailer a rebate on the local sales tax revenue generated for the local jurisdiction.
2024 CATA Annual Conference
Pillsbury SALT partner Craig Becker will be presenting at the California Alliance of Taxpayer Advocates 2024 Annual Conference on December 12.
California’s Market-Based Sourcing Amendments; Public Hearing Requests Due by Oct. 16
The California Franchise Tax Board (FTB) announced it has initiated the formal rulemaking process to amend Regulation Section 25136-2, which governs the sourcing of receipts from services and intangible property. The proposed changes would apply to taxable years beginning on or after January 1, 2024. Continue Reading ›
31st Annual Paul J. Hartman SALT Forum
Pillsbury SALT partner Zachary Atkins will present at the 31st Annual Paul J. Hartman SALT Forum on October 28.
California Lawyers Association Tax Policy Seminar
Pillsbury SALT partner Robert P. Merten III will present at a tax policy seminar hosted by the California Lawyers Association on October 18.
Arizona Court Shines (Sun)Light on Property Tax Treatment of ITCs
The Arizona Court of Appeals held that an investment tax credit (ITC)
deferred as a tax asset has “value” and therefore is properly excluded from the taxable original cost of renewable energy equipment for Arizona property tax purposes. In so holding, the court rejected the argument that an ITC has no monetary worth until its owner derives an actual economic benefit from the ITC, i.e., by using it to reduce a federal income tax liability.