3+ day, 19+ hour ago   (106+ words) news.bloombergtax.com A parking structure owned by Duluth, Minn., isn’t wholly exempt from property tax because the city leases certain parking spaces to a nearby hotel, the Minnesota Tax Court ruled. Minnesota law generally exempts publicly owned parking structures…...

3+ day, 16+ hour ago   (97+ words) news.bloombergtax.com Michael Kuczynski joined McGuireWoods as a partner in its tax practice in Atlanta, the firm announced Thursday. Kuczynski assists public charities, including hospitals and educational institutions and their affiliated foundations, private foundations and other tax-exempt organizations with…...

4+ day, 1+ hour ago   (73+ words) news.bloombergtax.com A recent Massachusetts decision called into question the dominant method for determining how to apportion a unitary group’s taxable income in combined filing states. The approach Massachusetts follows tends to bring in more money for states, and…...

4+ day, 2+ hour ago   (941+ words) Grant Thornton’s $5 billion all-cash purchase of CBIZ will create a business of roughly 34,500 people and the fifth-largest professional services, tax and advisory business in the US. Almost all the commentary so far has been about scale, but the more significant…...

5+ day, 1+ hour ago   (104+ words) news.bloombergtax.com Democrats want to make the country’s housing shortage a priority if they flip the House in November, but they’re in disagreement over how to address it. Housing costs have been at the center of Democrats’ election strategy…...

5+ day, 20+ hour ago   (79+ words) news.bloombergtax.com A breakout summer of victories for candidates associated with the Democratic Socialists of America has set up a referendum this fall to determine just how revolutionary the nation is feeling. Leftist candidates have toppled establishment favorites in…...

6+ day, 2+ hour ago   (1185+ words) Courts are testing the boundaries of a landmark Supreme Court ruling on federal regulatory authority, which left open a path for judges to defer to executive branch agencies in certain circumstances. But federal agency decisionmakers can still count on some…...

1+ week, 4+ day ago   (106+ words) news.bloombergtax.com The expanded state and local tax deduction championed by New York lawmakers is gaining favor around the US, benefiting well-heeled taxpayers in states like Ohio, Colorado, North Carolina, Michigan and Pennsylvania. “I saw benefits for clients in…...

1+ week, 5+ day ago   (90+ words) news.bloombergtax.com The Colorado Secretary of State’s office confirmed that proponents of moving to a graduated income tax had secured enough valid signatures to place the proposal on the Nov. 3 ballot. Voters will be given a say on Initiative…...

1+ week, 6+ day ago   (74+ words) news.bloombergtax.com The owner of a Texas wind farm built for $399 million recently convinced a court to slash its valuation to $37 million, eroding much of its property tax liability and highlighting tensions between renewable companies and rural districts in…...