Senate Bill (S.B.) 1291, recently filed in the current session of the 84th Texas Legislature along with its identical companion, House Bill (H.B.) 4005, proposes to significantly alter the procedures applicable to the resolution of disputes involving Texas’s statewide taxes administered and enforced by the Texas Comptroller of Public Accounts.
It is a rare that one can say that something exciting for tax whistleblowers has occurred with the proposed budget. However, today is that day.
With the April 15th tax filing deadline quickly approaching, I am beginning to see an increase of the tax-related issues arise in my client’s cases.
Marijuana businesses are in for quite a trip this tax season. Even though marijuana has been legalized in some form in many states—17 states and Washington, D.C. have decriminalized marijuana (including New York); 23 states and Washington, D.C. have legalized it for medical use (including New York and New Jersey); 4 states and Washington, D.C. have legalized it for personal recreational use—it is still illegal under federal law.
The prospects of significant tax legislation this year are low. Nevertheless, when the President proposes “tax reform” it makes headlines.
Today’s New York Times has a very interesting article that those involved with crowdfunding should read and consider.
We have previously discussed the “mess,” to use a polite word, arising from the 2011 revaluation of property in Mecklenburg County [Charlotte].
For the first time, New York will classify silvopasture as agricultural land for the purpose of real property tax exemptions.