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Md. To Allow Baltimore Tax Hike On Vacant Nonprofit Property

by usoftax_admin | Apr 24, 2025 | Tax News

Baltimore will be able to impose a special property tax rate on nonprofit owned properties that have gone untouched for at least five years under a bill signed by the Maryland governor. 

Md. To Allow Counties To Negotiate Payments With Broadband

by usoftax_admin | Apr 24, 2025 | Tax News

Maryland counties will be able to negotiate payments with broadband providers instead of imposing property tax on the providers’ real and personal property under bills signed by the governor.

Silicon Valley Bank Liquidators Fight $41M Bill In Tax Court

by usoftax_admin | Apr 24, 2025 | Tax News

The trust responsible for liquidating assets of the shuttered Silicon Valley Bank told the U.S. Tax Court that the IRS has wrongly charged the bank’s operator more than $41 million in additional taxes by claiming it didn’t substantiate losses and research...

Md. Authorizes Property Tax Breaks For Affordable Housing

by usoftax_admin | Apr 24, 2025 | Tax News

Maryland authorized county governments to exempt real property used for rental housing from local property taxes if the owner maintains a portion of the property as affordable housing and enters a payment-in-lieu-of-taxes agreement under legislation signed by the...

10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

by usoftax_admin | Apr 24, 2025 | Tax News

The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month’s Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer...
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