Artificial intelligence, or more commonly AI, seems to be what everyone is talking about nowadays. Businesses are investing hundreds of billions into AI research and, in parallel, integrating AI products into their day-to-day operations in order to maximize business savings
SALT Savvy
SALT Savvy, published by Baker McKenzie, focuses on state and local tax (SALT) issues affecting businesses and individuals. The blog covers developments in tax legislation, regulations, and court decisions at the state and municipal levels, including topics such as tax uniformity, business corporation tax regulations, tax treatment of emerging technologies like artificial intelligence, and implications of federal tax reforms on state tax systems. It also addresses practical compliance considerations, tax policy changes, and enforcement trends relevant to SALT practitioners and taxpayers navigating complex multi-jurisdictional tax environments.
Latest from SALT Savvy - Page 2
SALT Implications of the One Big, Beautiful Bill Act
By Maria Eberle, Niki Ford & Matt Musano
On July 4, 2025, President Donald Trump signed the One Big, Beautiful Bill Act (hereinafter, “OBBBA” or “the Act”) into law. OBBBA enacts sweeping changes to the Internal Revenue Code (“Code”), many of which will impact taxpayers at the state…
Illinois Brings Back Its Tax Amnesty Programs With A New Remote Retailer Feature
On June 16, 2025, Illinois Governor J.B. Pritzker signed House Bill 2755 (“H.B. 2755”) into law, which includes comprehensive amnesty programs covering taxes administered by both the Illinois Department of Revenue (the “Department”) and the Office of the Secretary of…
FY2026 Budget Bill Brings Major Changes to Illinois Taxes
On May 31, 2025, the Illinois General Assembly passed HB2755 as part of the FY2026 budget bill, which contains a number of significant tax changes to the Illinois Income Tax Act and other taxes. Governor Pritzker appears set to sign…
Public Law 86-272 – Federal Law Seeks to Giveth what the States Continue to Taketh Away with a Retroactive Twist
The U.S. states’ tireless attempts at diminishing protections afforded under Public Law 86-272 (“P.L. 86-272”) have been headlining the state tax press for the last several years. For example, we saw, among other developments: (1) the MTC publish its revised…
Love and Taxes—Washington’s Proposed Dating App Tax
By Drew Hemmings & Leah Regan
Joining a dating app may soon have tax implications in Washington. On April 8, 2025, House Bill 2071 was introduced with the intent of placing a monthly excise tax of $1 per resident user, to be paid by the owner…
Rhode Island Enters the Fray, Proposes Second in the Nation Digital Advertising Tax
On February 6, 2025, Rhode Island lawmakers heard testimony about Rhode Island Governor Daniel McKee’s proposed Digital Advertising Gross Revenue Tax (“RI Ad Tax”). If enacted, the RI Ad Tax, which is included in Governor McKee’s proposed 2026 budget released…
New Year, Same New York—Bill Proposes Significant Tax Increases for Corporations
Starting the new year off with legislation aimed directly at the pockets of corporate taxpayers, New York has issued a legislative proposal to nearly cut in half corporate taxpayers’ available GILTI exemptions, and at the same time almost double the…