Chicago Authorities Say Federal Law Permits Social Media TaxChicago’s social media amusement tax isn’t preempted by a federal law protecting electronic commerce from discriminatory taxes because there are no offline services similar to social media, city authorities said in a filing.Bloomberg Tax News2d agoWhole story →CultureTechnologychicago social media tax lawsuit
Judge Seems Likely to Expand Scope of Pandemic-Era Tax ReliefA federal judge indicated during oral arguments Monday he probably will broaden the scope of a ruling from 2025 that called into question billions of tax dollars paid to the IRS during the Covid-19 pandemic.Bloomberg Tax News3d agoWhole story →HealthEconomytax relief ruling
California Court Backs County Tax to Offset Federal Funding CutsSanta Clara County properly held a special election to get voter approval of a sales tax increase to address budget shortfalls created by federal cuts to Medicaid and SNAP benefits, a state court ruled.Bloomberg Tax News14d agoWhole story →JusticeHealthcalifornia tax ruling
Newsom Signs Bills Expanding California Film and TV Tax CreditsCalifornia Gov. Gavin Newsom (D) signed two measures Saturday expanding tax incentives for the state’s entertainment industry, including one for post-production work.Bloomberg Tax News19d agoWhole story →CultureEconomyGavin Newsomcalifornia film tax credits expansion
IRS Says Court Must Strike Down ‘Staggering’ Covid-19 Tax RulingA lower court ruling that would retroactively invalidate all tax administration that took place during the Covid-19 pandemic has “staggering” implications and must be overturned, the IRS told a federal appeals court.Bloomberg Tax News21d agoWhole story →HealthEconomycovid 19 tax ruling appeal
House Panel Moves Crypto Tax Measure With Bipartisan Support (1)House Ways and Means Committee lawmakers advanced bipartisan cryptocurrency taxation legislation Wednesday, along with tax administration and healthcare legislation, though some proved contentious.Bloomberg Tax News22d agoWhole story →HealthEconomyHR 10357ways and means markup
Dems Circulate Memo Alleging HHS No. 2 Pick Dodged Taxes (3)Chris Klomp, nominee to be the second-in-command for the Department of Health and Human Services, allegedly used legal maneuvers allowing him to pay less in taxes that contribute to Medicare and Social Security, according to a memo circulating among Senate Finance Committee staff.Bloomberg Tax News23d agoWhole story →HealthEconomyhhs nominee vetting
Illinois Taxes on Ads, Social Media Meet First Legal ChallengesIllinois’s new taxes on social media and targeted advertising are preempted by federal law and violate the US Constitution, tech industry trade association NetChoice told a state trial court in a pair of complaints filed Friday.Bloomberg Tax News26d agoWhole story →JusticeCultureillinois ad tax lawsuit
Trump to Make $500 Payouts Ahead of Midterms, Citing ObamacareThe Trump administration said it would issue $500 payments to nearly 1 million Americans, citing what it called “overcharges” of people who purchased health insurance through federal Affordable Care Act exchanges.Bloomberg Tax News28d agoWhole story →HealthEconomymidterm elections
