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Some States Are Looking to Abolish Property Taxes Entirely

CPA Practice

By Zina Hutton, Governing (TNS) No one likes paying taxes and property taxes are always the least popular. Nebraska Republican Gov. He looks to offset reduced revenues by raising the sales tax and expanding it to include services such as veterinary care, large advertisers and legal fees for businesses. c)2024 Governing.

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Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

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Supreme Court Strikes Down Student Loan Forgiveness Plan

CPA Practice

The Supreme Court on Friday rejected President Biden’s plan to forgive millions of student loans, ruling the nation’s chief executive did not have legal authority to waive more than $400 billion owed to the government. But its legal status of the policy had remained in doubt.

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What's new in May for state sales and use taxes

TaxConnex

Opponents promise legal challenges. Nebraska has enacted a bill that will exempt sales tax on certain purchases made by large data centers. New York local government sales tax collections grew 21.1%, or $901 million, in 1Q22 compared with the same period last year, according to the state comptroller. Additional updates.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

by Colorado Attorney General Phil Weiser, and represents the third government antitrust suit that Alphabet-owned Google is facing. A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec.

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Friday Footnotes: PwC Slashes Partner Class; Accounting Firm Rescues Dog; Do We Still Need CPAs? | 4.19.24

Going Concern

The bar for possible enforcement actions is set too low under draft rules the Public Company Accounting Oversight Board released in February, exposing firms to greater legal liability, auditors and accounting groups told the regulator in feedback submitted through April 15. In Footnotes?

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The Blockchain Wave Isn’t Always Smooth Sailing

PYMNTS

Some policymakers are beginning to step into the space, including in the state of Nebraska, in which a lawmaker has submitted three bills focused on distributed ledger and cryptocurrency technology. The Swiss government is taking exploratory measures on blockchain regulation too.