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Colorado Judge Tosses Counties’ Suit Over $25M Tax Transfer

by usoftax_admin | Apr 15, 2025 | Tax News

A Colorado state judge has dismissed a lawsuit brought by seven counties challenging the transfer of $25 million from a state fund aimed at offsetting the impacts of extractive industries, finding in an order that the state Legislature had full authority to move the...

Trump’s Tariff Reprieves Buy Lawyers Time To Strategize

by usoftax_admin | Apr 15, 2025 | Tax News

President Donald Trump’s expanded tariff exclusion for electronic goods from China and the pause on higher rates for all countries except China gives lawyers an opportunity to seek mitigation solutions for importers, but the moves do little to create long-term...

Mo. House OKs Earnings Tax Break In Opportunity Zones

by usoftax_admin | Apr 15, 2025 | Tax News

Individuals and businesses that perform work in opportunity zones in St. Louis and Kansas City, Missouri, would be exempt from those cities’ earnings taxes under a bill approved by the state’s House of Representatives.

NY Manufacturers Highly Gloomy Amid Tariffs, Fed Says

by usoftax_admin | Apr 15, 2025 | Tax News

New York manufacturers in early April became pessimistic about general business conditions over the next six months to an extent rarely matched in the history of a monthly survey by the Federal Reserve Bank of New York, coinciding with the imposition of tariffs, the...

DC Maintains, Expands Tax Exemptions For NBA, NHL Arena

by usoftax_admin | Apr 15, 2025 | Tax News

The District of Columbia maintained and expanded tax breaks for the property and airspace of Capital One Arena, home to the NBA’s Washington Wizards and NHL’s Washington Capitals, as part of legislation that became law, according to a notice published in...

La. Panel Advances New Measure To Eliminate Inventory Tax

by usoftax_admin | Apr 15, 2025 | Tax News

Louisiana voters would be offered another chance to permit local governments to eliminate inventory taxes under legislation the state House tax-writing committee approved Tuesday, less than a month after voters defeated a more comprehensive measure that included a...
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