State Tax
This is FindLaw’s collection of State Tax articles, part of the Finance section of the Corporate Counsel Center. Tax law for state and local government is contained in state codes sections, regulations, administrative codes, procedures and statements issued by the respective government authorities, as well as state court decisions. Business are also required to pay taxes. Business expenses are the associated costs of carrying on a business. Such expenses are typically deductible if a business is operated to make a profit. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Tax
State Tax Articles
-
Governor Finally Releases Tax and Accountability Proposals
After months of discussions, debates, and trial balloons, Governor Bob Riley (R) finally released on Monday, May 19th his proposed plan for overcoming the more than $600 million deficit the State of Alabama is facing in the coming fiscal year. The ...
Read More » -
Governor Proposes Income Tax Rebate
In his address to a joint session of the Connecticut General Assembly on February 10, Gov. John Rowland (R) introduced his budget and tax packages for the fiscal 2000-01 biennium. The budget proposes spending $11.6 billion in fiscal 2000 (July 1 ...
Read More » -
Hercules and Firstar: Nondomiciliary Taxpayers Successfully Defend Nonbusiness Income Treatment Before The Minnesota Supreme Court
In two recent cases, the Minnesota Supreme Court reversed the state's Tax Court and held that capital gains, arising in one case from the sale of stock and in the other from the sale of out-of-state office property, were nonapportionable ...
Read More » -
Housing Update
Public Housing Section 8 Contracts (Comparability Studies) Section 236 Interest Reduction Payment "Decoupling" Tax Credits and Tax-Exempt Bonds Requirements for this year’s HOPE VI funding round were included in the FY2000 HOPE VI NOFA, released ...
Read More » -
Individual Tax ID Numbers:
The Internal Revenue Service is implementing new procedures to provide individual taxpayer identification numbers ("ITINs") to certain foreign nationals for tax purposes. ITINs are used by the I RS as tax account numbers. U.S. citizens use their ...
Read More » -
IRS Issues Updates to Training Textbooks Possible effect on 501(c)(3) Bonds
The IRS has just published a series of updates to its Continuing Professional Education Textbooks that are of interest to the public finance community, when issuing 501(c)(3) bonds. These are the textbooks that the IRS uses in its continuing ...
Read More » -
Labeling Alternative Fueled Vehicles
Introduction The Federal Trade Commission (FTC) prepared this booklet to help you comply with a new FTC rule that requires labeling on alternative fueled vehicles. The Labeling Requirements for Alternative Fuels and Alternative Fueled Vehicles Rule ...
Read More » -
Major California Legislation Enacted in 1997 Relating to Land Use
Senate Bill 919, an urgency statute that became effective July 1, 1997, clarifies certain aspects of Proposition 218 as approved by voters in November 1996. Proposition 218 added Articles XIIIC and XIIID to the California Constitution and was ...
Read More » -
Market-Adjusted Institutional Indexed Assets Decline in Latter Part of 1998
Institutional tax-exempt indexed assets increased almost 7% in the second half of 1998, to more than $1.3 Trillion. But when adjusted for market growth, overall institutional indexed assets actually declined 3.5% for the seven-month period ended ...
Read More » -
New Developments Affecting Private Foundations
©1999 Victoria B. Bjorklund-All rights reserved. Reprinted with permission. I. hanks to America's longest period of private wealth accumulation, Americans are experiencing the largest intergenerational transfer of wealth in history. Estimate ...
Read More »