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Sep 18, 2024 | 
natlawreview.com | Stephen P. Kranz
In a controversial move, the Texas Comptroller is poised to amend Rule 3.330, Data Processing Services, effectively rewriting the rules to favor the contentious stance it has adopted in recent audits and litigation.
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Jul 3, 2024 | 
jdsupra.com | Michael Hilkin |David Jasphy |Stephen P. Kranz
The California State Legislature overturned Microsoft’s recent win at the Office of Tax Appeals, which held that the gross amount of dividends received from foreign affiliates outside its water’s-edge group should be included in its sales factor denominator, regardless of the application of a dividends-received deduction excluding 75% of such dividends from its taxable base.
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Jul 3, 2024 | 
jdsupra.com | Michael Hilkin |David Jasphy |Stephen P. Kranz
New Jersey Governor Phil Murphy’s proposed flip-flop, which reneges on his promise to allow the state’s 2.5% corporate business tax surtax to expire, has now passed both the New Jersey State Assembly and Senate and been signed by the governor. As a result, New Jersey will once again have the highest corporate income tax rate in the nation at 11.5%.
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Jul 3, 2024 | 
natlawreview.com | Jennifer Driscoll |Michael K. Molzberger |J. Michael Showalter |Stephen P. Kranz
The Health Sector Cybersecurity Coordination Center (HC3) provides timely updates to the health care sector on cybersecurity threats and mitigation. In the last several weeks, HC3 has issued two alerts worth paying close attention to if you are in the health care sector. The first, issued on June 18, 2024, warns of Qilin, aka Agenda Ransomware.
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Jul 3, 2024 | 
natlawreview.com | Stephen P. Kranz
Skip to main content July 03, 2024 Volume XIV, Number 185 Legal Analysis. Expertly Written. Quickly Found.
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Jul 3, 2024 | 
natlawreview.com | Stephen P. Kranz |Michael Hilkin |Sean Griffin |Varu Chilakamarri
July is Military Consumer Month. On the eve of the Fourth of July, we celebrate democracy and the past service of our veterans and those presently in service for protecting us and our democracy. Thank you so very much. It is therefore fitting for July to be deemed Military Consumer Month. Special attention should be given to our service men and women to protect them from fraud, identity theft, and imposter scams.
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Jul 3, 2024 | 
lexology.com | Stephen P. Kranz |Michael Hilkin |David Jasphy
The California State Legislature overturned Microsoft’s recent win at the Office of Tax Appeals, which held that the gross amount of dividends received from foreign affiliates outside its water’s-edge group should be included in its sales factor denominator, regardless of the application of a dividends-received deduction excluding 75% of such dividends from its taxable base.
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Jul 2, 2024 | 
natlawreview.com | Stephen P. Kranz
Skip to main content July 02, 2024 Volume XIV, Number 184 Legal Analysis. Expertly Written. Quickly Found.
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Jul 2, 2024 | 
lexology.com | Stephen P. Kranz |Michael Hilkin |David Jasphy
USAJuly 2 2024New Jersey Governor Phil Murphy’s proposed flip-flop, which reneges on his promise to allow the state’s 2.5% corporate business tax surtax to expire, has now passed both the New Jersey State Assembly and Senate and been signed by the governor. As a result, New Jersey will once again have the highest corporate income tax rate in the nation at 11.5%.
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Jun 30, 2024 | 
natlawreview.com | Stephen P. Kranz
On June 28, 2024, in Loper Bright Enterprises v. Secretary of Commerce, the Supreme Court of the United States ruled to overturn its four-decade-old decision in Chevron USA Inc. v. Natural Resources Defense Counsel. While the Loper case addressed deference to administrative agencies under the federal Administrative Procedure Act (APA), its outcome may give state and local taxpayers a better chance of persuading state courts that a tax authority’s interpretation of a tax statute is invalid.
