State legislatures considering hundreds of sales tax bills

An estimated 800 sales tax bills are under consideration by state legislators each month, according to a new report, as lawmakers grapple with the complexity of sales and use tax four years after the Supreme Court handed down the South Dakota v. Wayfair decision. The report, released Wednesday by the tax compliance software company Sovos, … Read more

Former Trump Organization CFO says New York lacks tax case jurisdiction

Former Trump Organization chief financial officer Allen Weisselberg, facing a tax fraud trial, argued that prosecutors are improperly trying to enforce federal laws. “There are, quite simply, no cases like this one, where the federal government has not determined a federal tax liability and a state court is asked to make that determination so that … Read more

New Jersey to more than double property-tax relief to $2B

New Jersey will expand its planned property-tax relief program, providing more than $2 billion to more than 2 million households, Governor Phil Murphy said. Residents with income of as much as $250,000 will be eligible, Murphy said Wednesday at a press conference in South Brunswick, New Jersey. Homeowners will get as much as $1,500, while … Read more

NY sportsbooks limit promos, ask for tax breaks as losses rise

Mobile sports betting exploded when it was first offered in New York in January, with the state quickly becoming the top market for such wagers in the US But five months in, the business is starting to look a lot like the rest of the country, with operators cutting back on their marketing and promotional … Read more