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The Biden administration last month asked the justices to not take this case involving temporary taxation of remote workers who live in New Hampshire and formerly worked in Massachusetts. The nine justices of the Supreme Court are scheduled to huddle June 24 to decide whether a potentially landmark case involving the taxation of telework will be placed on their docket for the fall term. New Hampshire, which has no state income tax, filed the lawsuit after Massachusetts enacted a temporary rule continuing to impose Massachusetts income taxes on out-of-state commuters who began working from home because of the pandemic. [Extracted from the article]

Bipartisan Senate legislation would set a 30-day in-state threshold before states could levy income taxes on nonresident workers. Growing battles among the states over how they levy income taxes on nonresident remote workers could be resolved under legislation that's languishing in Congress. This year the Senate bill added a two-year pandemic-related waiver to the proposal in order to not penalize workers who temporarily have relocated to another state. [Extracted from the article]

"This year, states will receive income tax revenue information filed for Tax Year 2020 a month later, leaving them with a tight time window to finalize FY 2022 budgets", Dadayan said. The delay in the federal tax filing deadline until May 17 is expected to force many states to enact similar delays. [Extracted from the article]

The Supreme Court invited the Biden administration Monday to weigh in on a challenge to whether states can impose income taxes on out-of-state workers who no longer commute to their workplace due to the pandemic. New Hampshire is challenging Massachusetts' effort to tax remote workers during the pandemic who live in the Granite State, which has no state income tax. New Jersey estimates that during 2020 the state may credit anywhere from $928.7 million to $1.2 billion to its residents for income taxes paid to New York state while working at home in New Jersey. [Extracted from the article]

The Biden administration's nominee for Treasury secretary on Tuesday highlighted her belief in the need for another round of federal aid to state and local governments. "In 2008 when the economy suffered such a serious downturn, state and local governments saw a huge shortfall in revenue and increased need to spend on safety net-type programs and they faced massive deficits", Yellen said. GRAPH: Yellen Calls For More State Relief PHOTO (BLACK & WHITE): Janet Yellen, U.S. Treasury secretary nominee, speaks remotely during a Senate Finance Committee confirmation hearing Tuesday. [Extracted from the article]

The roughly $1 trillion bipartisan plan would rely heavily on municipal financing tools to achieve $1 trillion in investment with any new federal taxes. [ABSTRACT FROM AUTHOR]

The nine justices of the Supreme Court are scheduled to hold a closed-door conference June 24 to decide whether to put the case on their docket for the fall term. [ABSTRACT FROM AUTHOR]

The justices will consider whether to put the New Hampshire v. Massachusetts case on the fall docket. [ABSTRACT FROM AUTHOR]

A high court ruling on online sales taxes that favors the states "could gradually improve long-term revenue growth prospects," Fitch said. [ABSTRACT FROM AUTHOR]

The current prohibition against tax-exempt advance refunding was used as a minor pay-for in the GOP's Tax Cuts and Jobs Act that cut personal and corporate tax rates. [ABSTRACT FROM AUTHOR]

Nineteen states recognized delayed payments due to last year's IRS delay in the tax deadline to July 15. [ABSTRACT FROM AUTHOR]

The case has also has fiscal implications for Arkansas, Delaware, Nebraska, New York, and Pennsylvania. [ABSTRACT FROM AUTHOR]

The IRS will post quarterly updates of its enforcement strategy on the webpage of the Tax Exempt and Government Entities Division-Compliance Programs and Priorities. [ABSTRACT FROM AUTHOR]

One example of the growth of the industry is the nearly tenfold increase in Colorado's marijuana tax revenue to $250.7 million in 2018 from $25.3 million in 2014. [ABSTRACT FROM AUTHOR]

The $4.89 billion in emergency earthquake disaster aid for Puerto Rico and another $16 billion in tax breaks are likely to be scaled back in size if it's taken up by the Senate. [ABSTRACT FROM AUTHOR]

States collected more than $45.2 billion in motor fuel taxes in 2017, compared with $36.8 billion 10 years earlier, according to the Federal Highway Administration. [ABSTRACT FROM AUTHOR]

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee. [ABSTRACT FROM AUTHOR]

New York, New Jersey and Connecticut are the first states to have created charitable funds that taxpayers can contribute to in order to claim a charitable deduction in lieu of paying state and local taxes. [ABSTRACT FROM AUTHOR]

A high court ruling on online sales taxes that favors the states "could gradually improve long-term revenue growth prospects," Fitch said. [ABSTRACT FROM AUTHOR]

The House GOP bill would limit the deductibility of property taxes to $10,000 annually. [ABSTRACT FROM AUTHOR]

The current prohibition against tax-exempt advance refunding was used as a minor pay-for in the GOP's Tax Cuts and Jobs Act that cut personal and corporate tax rates. [ABSTRACT FROM AUTHOR]

Nineteen states recognized delayed payments due to last year's IRS delay in the tax deadline to July 15. [ABSTRACT FROM AUTHOR]

The IRS will post quarterly updates of its enforcement strategy on the webpage of the Tax Exempt and Government Entities Division-Compliance Programs and Priorities. [ABSTRACT FROM AUTHOR]

Tax changes sought by the municipal bond industry are likely to be embedded into infrastructure legislation. [ABSTRACT FROM AUTHOR]

One example of the growth of the industry is the nearly tenfold increase in Colorado's marijuana tax revenue to $250.7 million in 2018 from $25.3 million in 2014. [ABSTRACT FROM AUTHOR]

With retail sales' record decline, budget pain will continue. [ABSTRACT FROM AUTHOR]

The $4.89 billion in emergency earthquake disaster aid for Puerto Rico and another $16 billion in tax breaks are likely to be scaled back in size if it's taken up by the Senate. [ABSTRACT FROM AUTHOR]

Longtime IRS employee Allyson Belsome will serve as senior manager for the office of Tax Exempt Bonds. [ABSTRACT FROM AUTHOR]

Cross, who served as associate tax legislative counsel at the Office of Tax Policy until Friday, said that he resigned in order to be closer to family. [ABSTRACT FROM AUTHOR]

Only Florida and Louisiana remain among the sales tax states that have not enacted laws to require remote collection to reap the benefit of the June 2018 Supreme Court ruling in Wayfair v. South Dakota. [ABSTRACT FROM AUTHOR]

Thirty seven states and the District of Columbia now have laws requiring remote sales tax collection, according to the National Conference of State Legislatures. [ABSTRACT FROM AUTHOR]

States collected more than $45.2 billion in motor fuel taxes in 2017, compared with $36.8 billion 10 years earlier, according to the Federal Highway Administration. [ABSTRACT FROM AUTHOR]

Thursday's 5-4 ruling involves a 2016 law enacted by South Dakota requiring out-of-state e-commerce retailers to collect sales tax if they have more than 200 transactions annually or $100,000 in sales within the state. [ABSTRACT FROM AUTHOR]

States could gain $8 billion to $33.9 billion in additional annual revenue if the high court rules in favor of South Dakota, while a loss would mean the status quo. [ABSTRACT FROM AUTHOR]

Tax administrators will consult with governors and governors, in turn, will consult with their legislatures before responding to any of several possible rulings in the case by the high court, officials said. [ABSTRACT FROM AUTHOR]

New York, New Jersey and Connecticut are the first states to have created charitable funds that taxpayers can contribute to in order to claim a charitable deduction in lieu of paying state and local taxes. [ABSTRACT FROM AUTHOR]

Midwest Fertilizer Co. announced Monday it has settled with the IRS Office of Appeals an audit that originally disqualified the tax-exempt status of $1.259 billion of refunding bonds that will be used to help finance a fertilizer plant in Posey County, Indiana. [ABSTRACT FROM AUTHOR]

The federal tax issue that is at stake in both audits involve the federal payments for the direct-pay subsidy. [ABSTRACT FROM AUTHOR]

The household sector owned 42.2% of the nation's $3.83 trillion in municipal securities in the second and third quarters of 2018, according to Federal Reserve data. [ABSTRACT FROM AUTHOR]

"Major banking organizations have now used this abusive tax shelter scheme to illegally shelter well over $1 billion in taxable income," said the letter by W. Mark Scott. [ABSTRACT FROM AUTHOR]

Richard Neal, D-Mass., raised optimism among state treasurers that advance refunding of municipal bonds may be part of "a combination of funding sources." [ABSTRACT FROM AUTHOR]

None of the 12 recommendations require congressional action and all are within the scope of the administrative powers of the IRS, according to NABL. [ABSTRACT FROM AUTHOR]

New York will require out-of-state retailers with annual sales of more than $300,000 or 100 transactions in the state to collect and remit sales tax. [ABSTRACT FROM AUTHOR]

Rep. Richard Neal, D-Mass., has pledged to ask mayors, governors and other municipal market advocates to testify at hearings early in 2019. [ABSTRACT FROM AUTHOR]

The tax fix is being lost in the rush by Congress to enact a temporary spending measure to keep the government operating through Feb. 8. [ABSTRACT FROM AUTHOR]

Four states will become the latest to require out-of-state e-commerce retailers to collect sales tax on Jan. 1 while 10 others aren't expected to do so until later in 2019. [ABSTRACT FROM AUTHOR]

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee. [ABSTRACT FROM AUTHOR]

Only a few of the 45 states that levy sales taxes have announced plans to begin implementation before the end of this year. [ABSTRACT FROM AUTHOR]

The Trump administration's effort to publish a proposed rule comes just over two months after the IRS announced May 23 it was working on the regulations to enforce the $10,000 cap on what previously was an unlimited personal deduction of state and local taxes, also known as SALT. [ABSTRACT FROM AUTHOR]