BGOV OnPoint: Crypto Tax Push Sees Late Momentum as Clock TicksA renewed bipartisan effort to streamline tax reporting rules for cryptocurrency users has inched forward on Capitol Hill, but lawmakers’ window for action is tightening with few legislative days left on the calendar.Bloomberg Tax News1d agoWhole story →TechnologyEconomyS 5616HR 10357crypto tax legislation
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 →TechnologyCulturechicago social media tax lawsuit
NJ Tax Court Tosses Online Sellers’ Income Tax Expansion CaseNew Jersey’s regulations expanding income tax obligations to out-of-state online merchants don’t exceed the state’s authority under federal law, the state tax court ruled Thursday.Bloomberg Tax News7d agoWhole story →TechnologyEconomynj online sales tax ruling
Bipartisan Crypto Bill Gets Markup, Some Don’t Like It: BGOV TaxNews with a congressional focus, including legislation, nominees, and executive actionBloomberg Tax News22d agoWhole story →GovernmentTechnologycrypto taxation bill markup
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 News27d agoWhole story →TechnologyCultureillinois ad tax lawsuit
