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Mich. Bill Would Bar Local Property Tax Caps Tied To Rate Cut

by usoftax_admin | Nov 27, 2024 | Tax News

Michigan would bar local governments from imposing caps on annual property tax revenue that require an automatic rate reduction as part of a bill introduced in the state House of Representatives.

UN Approves Start Of Formal Talks On Global Tax Convention

by usoftax_admin | Nov 27, 2024 | Tax News

The United Nations General Assembly voted Wednesday in favor of beginning formal negotiations on a global tax convention next year with the goal of finishing in 2027, a proposal that was led by the body’s African bloc and won support from 125 countries.

US Says Prof’s 8th Amendment Argument Fails In FBAR Case

by usoftax_admin | Nov 27, 2024 | Tax News

An 86-year-old former professor cannot claim that his $545,000 penalty for failing to report foreign bank accounts violates the Eighth Amendment, the U.S. told a federal court, saying the penalty is neither excessive nor a fine, and that he never raised the argument...

City Golf Course Exempt From Property Tax, Fla. Justices Say

by usoftax_admin | Nov 27, 2024 | Tax News

A municipal golf course in Florida is exempt from property taxes despite a management agreement with a for-profit company, the state Supreme Court ruled Wednesday, reversing an appeals court decision.

Conn. High Court Snapshot: Bank Regulation, Workers’ Comp

by usoftax_admin | Nov 27, 2024 | Tax News

When it convenes for the third term of the season, the Connecticut Supreme Court will hear cases that could affect the scope of the state banking department’s authority to determine its own jurisdiction and clarify a workers’ compensation benefits...

Up Next At The High Court: Transgender Care, Holocaust Art

by usoftax_admin | Nov 27, 2024 | Tax News

The U.S. Supreme Court will return to the bench Monday for its December arguments session, which will include blockbuster questions about the constitutionality of state laws banning gender-affirming care for transgender minors and whether Hungary can be held liable...
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