Vote Against Marijuana Taxes in Washington

By | Canna Law Blog ™ | October 17, 2014
Vote Against Marijuana Taxes in Washington

On Washington State voting ballots this year, there is an advisory vote — Advisory Vote No. 8 to be exact — on whether Washington State cannabis businesses should receive tax breaks to which they are technically required. In other words, should marijuana taxes be different than all other taxes?

Taxpayer Prevails with Respect to Claimed Research and Development Tax Credits in Eric G. Suder, Et Al. V. Commissioner, TC Memo 2014-201

Taxpayer Prevails with Respect to Claimed Research and Development Tax Credits in Eric G. Suder, Et Al. V. Commissioner, TC Memo 2014-201

The decision in this case, issued as a Memorandum decision by the Court, J. Vasquez, reflects the analytical complexity of the Section 41 tax credit rules for qualified research and development costs and further highlights the taxpayer’s burden to prove that it properly claimed the tax credits based on the evidence presented on the record at trial or by stipulation prior to trial, and including the submission of expert reports.