To help offset some production costs associated with producing digital games in New York state, the Department of Economic Development on Aug. 10 issued an emergency regulation (at page 9)
Continue Reading New York Provides Tax Credit for Video Game Production
Greenberg Traurig Shareholders Erik de Bie and Glenn Newman presented on how state and local sales and use taxes can be traps for the unwary when purchasing or selling horses
Continue Reading Tax Hurdles on Equine Acquisitions
On Dec. 16, 2020, New York legislation was submitted to impose an unincorporated business tax (UBT) on partnerships and limited liability companies that are treated as partnerships for federal tax
Continue Reading Proposed New York State Unincorporated Business Tax Provides SALT Limitation Workaround
Taxpayers are generally limited in their options for contesting state and local tax matters. The statutes imposing income, corporate, sales and property taxes prescribe the steps to be taken and
San Francisco’s 2020 Ballot will include five tax and bond measures, which if passed would provide for a total of $980 million in debt service for bonds, and tax increases
Continue Reading Tax Measures on San Francisco’s November 2020 Ballot
In November 2020, California voters will decide whether to fundamentally change how real property is taxed in the state. Proposition 15, if approved, would establish a “split roll” property tax
Continue Reading California Voters to Decide Whether to Increase Property Taxes on Commercial and Industrial Properties
The 2017 Tax Cuts and Jobs Act provided a 100% first year write-off for many types of capital expenditures. Congressional tax writers intended this benefit to be available for leasehold
Continue Reading Retailers Not Eligible for 100% Leasehold Improvement Write-Off Due to Legislative Glitch
Many blame rising home prices, construction and land costs, and a lack of inventory, but a large part of the reason for this disconnect between home sales and the economy
Continue Reading Is the 2017 Tax Law the Reason Home Sales Are Not Booming?
This GT Alert addresses the recent Court of Appeal decision in DFS Group LP v. County of San Mateo (Calif. Ct. App., 1st Dist., January 31, 2019, 31 Cal.App.5th
Continue Reading Airport Concessionaire’s Exclusive Operating Right is Tax-Exempt Intangible Asset, and Assessor Had Burden of Removing Value of Asset in Making Property Tax Assessment