Laura Mahoney

4 days ago | news.bloombergtax.com | Laura Mahoney |David Hood |Andrea Vittorio

New details showing California cities have given $831.6 million to an array of companies through decades-long tax-sharing deals are fodder for changes to the rules that give rise to them. The data, posted Monday by the California Department of Tax and Fee Administration, shows for the first time how much businesses have received in local taxes from cities where they have warehouses, offices, or headquarters.

1 week ago | news.bloombergtax.com | Laura Mahoney

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2 weeks ago | news.bloombergtax.com | Laura Mahoney

Washington Gov. Bob Ferguson signed a package of tax bills on Tuesday meant to boost state revenue by $9 billion, with increases in the state’s largest tax programs to help close a multibillion dollar deficit. The tax package is part of the state’s overall budget for the next two years, which Ferguson (D) also signed on Tuesday.

2 weeks ago | news.bloombergtax.com | Laura Mahoney

Washington state made multiple tweaks to its capital gains tax based on three years of experience with the levy under a bill signed on Tuesday by Gov. Bob Ferguson (D). The Washington Department of Revenue requested the bill (S.B. 5314) from Sen. Derek Stanford (D) with technical fixes and administrative changes to the tax that was enacted in 2022, the department’s legislative and external affairs staff member Steve Ewing told lawmakers during hearings on the bill before it passed.

2 weeks ago | news.bloombergtax.com | Laura Mahoney

A new Washington state law limiting application of the business and occupations tax to credit card processing fees is poised to settle a court dispute between state revenue collectors and payments processing giant Fiserv Inc. Gov.