The California Franchise Tax Board’s method of taxing banks and financial institutions is consistently complex, and a bit messy. This complexity would worsen under the January budget proposal of California Governor Gavin Newsom to tax banks (and savings and loans)
SALT Shaker
Shaking things up in state and local tax
SALT trivia – March 19, 2025
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award a prize for the smartest (and fastest) participant.
This week’s question: Which state’s governor recently proposed eliminating its sales tax on groceries?…
Legal Alert: San Francisco’s proposed regulation imitates California’s proposed regulation
In November 2024, voters approved Proposition M which provided for an overhaul of San Francisco’s gross receipts tax. (See our prior coverage here.) Proposition M changed the allocation and apportionment rules for most industries, generally requiring that three quarters…
Washington Board of Tax Appeals agrees content delivery network services are subject to retailing B&O tax and retail sales tax
A content delivery network (CDN) services provider appealed the Department’s assessment of retail sales tax in which the Department determined that the taxpayer’s CDN services were “digital automated services” subject to the retailing B&O tax and retail sales tax. The…
Voter approval required: Michigan Supreme Court invalidates franchise fee
The Michigan Supreme Court held that a franchise fee imposed by the City of East Lansing and charged to customers by the Lansing Board of Water and Light (LBWL) violated Michigan’s constitution because the fee constituted a new local tax…
TEI’s 75th Midyear Conference
This week, we’re pleased to support Tax Executives Institute’s (TEI) 75th Midyear Conference, held in Washington, DC.
SALT Partners Michele Borens and Todd Betor will present during the conference, covering the below topics:
- Audits and Litigation in SALT: Top Emerging
…
New York Tax Appeals Tribunal upholds DTA ruling on deferred fees and appreciation allocation
By Scott Wright & Madison Ball
The New York Tax Appeals Tribunal affirmed a Division of Tax Appeals (DTA) ruling, holding that deferred compensation earned by a partnership should be allocated to New York based on the business allocation percentage (BAP) from the year in which…
SALT trivia – March 12, 2025
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
This week’s question: A trial court in what state recently ruled that a capital loss…
SALT trivia – March 5, 2025
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
This week’s question: In Maryland, a bill was recently introduced that would impose a 2…
SALT trivia – February 26, 2025
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
This week’s question: A lawmaker in which state recently proposed a bill that would provide…