A Los Angeles County superior court judge dismissed a lawsuit that sought to invalidate Measure ULA, also called the mansion tax. Measure ULA, which took effect in April 2023, significantlyContinue Reading Los Angeles ULA ‘Mansion Tax’ Survives Latest Bout
James T. Smith is a member of the Tax Practice in Greenberg Traurig’s San Francisco office. Prior to joining the firm, he served as an honors intern clerk for the Honorable Mitchell S. Goldberg at the U.S. District Court for the Eastern District of Pennsylvania. He was also a volunteer law clerk in the Northern Civil Trial Section of the U.S. Department of Justice Tax Division.
On March 16, 2023, California Assembly Bill 52 (AB 52) was amended to provide a manufacturing equipment tax credit. If signed into law, taxpayers would be authorized to take an …Continue Reading Will California Provide a De Facto Local Tax Exemption for the Sale or Use of Manufacturing Equipment?
On April 7, 2023, the Second District of the California Court of Appeal published a landmark opinion on California property tax law that expands the tax-exempt status of intangible assets…Continue Reading California Court of Appeal Landmark Opinion Expands Intangible Asset Exemption from Property Tax Assessment