California’s tax landscape is shifting fast. This episode breaks down Governor Newsom’s newly signed budget, including a SaaS sales tax and credit limitations, alongside the ballot measures California voters will face in 2026 – from a proposed billionaire wealth tax to a personal income tax surcharge extension.
Recent state court decisions are reshaping how states source receipts for income, franchise, and gross receipts tax purposes—particularly for businesses that sell through intermediaries.
Continue Reading Retail’s New Fault Line: ‘Ultimate Destination’ Reshapes Sales Sourcing
On June 18, 2026, the Massachusetts Supreme Judicial Court (SJC) held that a proposed initiative petition, No. 25-18, to reduce the Commonwealth’s personal income tax rate from 5% to 4% cannot appear on the November 2026 ballot. In Lewis Finfer & others v. Attorney General & others, SJC-13885, the Court found that the
Illinois’ fiscal year 2027 budget introduces a series of state and local tax changes aimed primarily at digital business models, platform-based revenue, and emerging industries, while also incorporating limited relief provisions and targeted business tax changes.
Continue Reading Illinois Enacts FY 2027 Budget with Significant State and Local Tax Changes
On June 22, the Virginia legislature approved its 2026 biennial budget, which includes a first-of-its-kind tax on electricity certain data centers consume.
Continue Reading Virginia Legislature Approves Tax on Data Center Electricity Consumption
Comments and testimony were submitted on proposed Illinois tax regulations addressing addback provisions for interest and intangible expenses.
Continue Reading Illinois Proposed Addback Regulations Raise Questions on Clarity, Administrability
A California budget trailer bill would extend sales tax to software and SaaS and adjust business credit limits, with potential implications for tax planning and compliance.
Two tax measures aimed at addressing transit funding shortfalls in San Francisco and the surrounding region have gathered enough signatures to potentially qualify for the November 3, 2026, ballot. Property owners, commercial tenants, and consumers across five Bay Area counties may wish to monitor developments as certification proceeds and final ballot language takes shape.
Continue Reading 2 Tax Measures, 1 Ballot: San Francisco Parcel Tax, Regional Sales Tax Move Forward
This discussion covers Keith’s vision for the MTC’s future, including his focus on organizational excellence, talent development, expanded engagement with local taxing jurisdictions, and deeper outreach to the business and practitioner communities.
The proposed rules place significant weight on objective documentation and would create a structured process for annual determinations, appeals, and enforcement.
Continue Reading What Taxpayers Need to Know About the Proposed NYC Pied-à-Terre Tax Rules