During the November 17th D.C. Council meetings, the Council marked-up the False Claims Amendment Act of 2020 and passed it on first reading by an 8-5 vote. The bill now moves to second – and final – reading as soon as December 1st. If passed, the bill would expand the D.C. False
Tax Policy
D.C.’s Proposed False Claims Act Expansion Threatens Taxpayers Once Again
By Charlie Kearns & Charles Capouet on
Posted in In the News, Policy and Legislation
In a rapidly escalating matter of concern to all District business taxpayers, the D.C. Council again will consider B23-35, the D.C. False Claims Amendment Act of 2020, which would expand the D.C. False Claims Act to tax matters above specified thresholds. The Council will review the committee mark-up tomorrow, November 17th. First reading would…
Legal Alert: State and local tax ballot measures
Voters headed to the polls (or mailboxes) this Election Day not only to choose the next president of the United States but also to make decisions on a range of significant tax issues across the country.
Although voters in California and the Portland-Metro area struck down significant business tax increases and the voters of Illinois…
California 2020 Ballot Measures – Latest Results
Voters in California headed to the polls (or mailboxes) this Election Day not only to choose the next president of the United States but also to make decisions on a range of tax policy questions. From removing property tax protections for commercial properties to imposing new and increased business gross receipts taxes in San Francisco,…
Oregon Ballot Measure Results: Here’s Which Portland Metro Area Ballot Measures Passed
By Nikki Dobay & Eversheds Sutherland SALT on
Posted in In the News, Policy and Legislation
Two significant tax ballot measures were on the ballot for voters in the Portland area this Election Day. Here’s a look at what measures passed and which ones failed.
Failed. The Portland Metro Council Measure 26-218 proposed authorizing a payroll tax on employers for workers in the metropolitan Portland areas to fund transit improvements and…
New Jersey Governor Signs Corporation Surtax Increase Bill, A. 4721
Posted in Policy and Legislation
On September 29, 2020, Governor Philip Murphy signed A. 4721, the bill extending and retroactively increasing New Jersey’s Corporation Business Tax (“CBT”) surtax.
Instead of eliminating the surtax after December 31, 2021, as was previously scheduled, A. 4721 increases the CBT surtax rate to 2.5% and extends the surtax through December 31, 2023 for corporations…
Taxpayer Privacy Rights Prevail: California Governor Vetoes Controversial California Corporate Tax Disclosure Bill, S.B. 972
On September 29, 2020, Democratic Governor Gavin Newsom vetoed S.B. 972, the controversial taxpayer disclosure bill that would have required the California Franchise Tax Board (FTB) to provide the Legislature annually with the names, tax liabilities, and tax credits claimed by corporate taxpayers that meet a $5 billion gross receipts threshold.
S.B. 972 proposed…
Legal Alert: New York tax reform to impact captive insurance companies
In January, New York Governor Andrew Cuomo proposed broad corporate tax reform in his budget bill, which is currently winding its way through the legislature. The most significant proposal is a shift from a separate entity reporting regime to a full unitary combined group reporting regime. As part of this combined reporting methodology, the proposal…