Conclusion: While the seventh circuit decision does not directly address a state tax issue, it provides an important framework to understand the scope of First Amendment protection when it comes to tax credits, subsidies, or other tax and spend programs.
Citigroup Inc. will no longer be allowed to operate in the roughly $3.4 billion municipal bond market in the state of Texas. Texas Attorney General Brent Paxton announced in December that he would investigate to determine whether Citi discriminates against
The Internal Revenue service issued guidance Friday that answers lurking questions about whether payments issued by 21 state governments will be considered taxable income.
The guidance largely breaks down to whether the payments were simply a rebate of state and
In 2020, Illinois voters overwhelmingly voted down a signature initiative of Governor Pritzker that sought to enact a graduated income tax system in the State of Illinois. Senator Martwick proposed SB2105 this past week, the bill proposes installing a graduated income
This case provides interesting insight into how a tax can be assessed in a relatively new area, the court can claim that it is well established to assess a tax in said area, and the taxpayer can still obtain relief
This case provides useful information as it pertains to voir dire, it also provides insight into the scope of the trial court’s discretion as it pertains to voir dire. While there are constitutional boundaries, namely ethnicity, race, or sex in
For jurisdiction to be proper, generally the order must be either final and appealable, or be interlocutory. It is interesting to note that evidently this issue was not briefed, neither was it discussed at the oral arguments. One argument that
The U.S. Tax Court denied a taxpayer’s claims looking to reverse his Passport being revoked. The court first held that the taxes had been assessed and therefore, the decision was not erroneous. Second, the court holds that it lacks jurisdiction
On February 2, 2023, the Illinois Supreme Court affirmed in part and reversed in part, the decision from the Illinois Appellate Court. The Supreme Court found that the five-year limitations period, rather than the one-year period, applies to cases brought
Hughes v. Northwestern, 595 U.S. __ (2022)
INTRODUCTION
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that largely regulates pension, 401(k), and similar employer provided retirement benefit plans. The statute is intensive, it provides strict