State Law Extends Tax Foreclosure Cases’ Deadline, Judges SayA federal district court wrongly relied on federal law when it dismissed a group of Michiganders’ cases seeking recovery of surplus proceeds a county retained after foreclosing on their homes, the US Court of Appeals for the Sixth Circuit said Monday.Bloomberg Tax News2d agoWhole story →BuildJusticetax foreclosure ruling
Bipartisan Caucus Wants More HUD Funding in Fight to Add HousingA bipartisan pro-growth caucus in the House is calling for more resources, funding, and oversight for the Department of Housing and Urban Development to implement the housing package passed over the summer.Bloomberg Tax News3d agoWhole story →Buildhud funding request
Bessent’s Rosy Forecasts Are Putting His Credibility at RiskIn his 20 months on the job, Treasury Secretary Scott Bessent has made a habit of putting his economic predictions on the record. The housing market, he said in February 2025, will “unfreeze” within weeks, and inflation could return “quickly” to the Federal Reserve’s 2% target. In April, he offered a forecast that spoke directly to the pocketbook…Bloomberg Tax News3d agoWhole story →BuildEconomytreasury forecasts
California Sets Rounding Rules for Retailers Post-Penny PhaseoutCalifornia Gov. Gavin Newsom (D) signed Wednesday legislation establishing statewide rules for retailers to round cash transactions to the nearest nickel as businesses adjust to the penny phaseout.Bloomberg Tax News7d agoWhole story →EconomyCommerceGavin NewsomHR 10167california common cents act signing
California Cracks Down on Montana-Plated Vehicles as Tax DodgeCalifornia revenue officials will gain new authority to pursue residents behind the shell companies used to dodge sales taxes and fees on cars, trucks, boats, and aircraft under legislation signed Wednesday by Gov. Gavin Newsom (D).Bloomberg Tax News7d agoWhole story →EconomyCommerceGavin Newsomcalifornia tax loophole closure
