Tax Law and International Tax Law

In the weeks since New York City's enactment of a Pied-à-Terre (PAT) tax, or surcharge, on homeowners in late May 2026, multiple additional flaws in the legislation, including those contained in the rules issued...

The New York State Legislature recently enacted the Pied‑à‑Terre Tax (PAT) Surcharge, introducing a significant, additional annual real estate tax on certain high-value New York City residential properties...

Now that we are halfway through 2026, we want to provide a summary of the proposed and enacted wealth taxes emerging in states and localities. Our mid-year update surveys six recent developments...

This weekly digest from Lowenstein Crypto examines critical developments in digital asset regulation, including new ethics provisions in the CLARITY Act that would prohibit federal officials from issuing cryptocurrencies, SEC Commissioner Hester Peirce's guidance on crypto vaults and lending strategies, and a legal challenge to Illinois' controversial digital asset tax. The brief also covers BitMEX's planned shutdown and Russia's new retail crypto trading framework.

Representative Mike Kelly has introduced legislation to establish up to 100 maritime prosperity zones across coastal areas, major rivers, and the Great Lakes, offering targeted tax incentives to maritime supply chain companies, workforce training programs, and advanced manufacturing operations. The proposal aligns with the Trump administration's broader initiative to revitalize the domestic maritime industry by layering new maritime designations onto the existing Qualified Opportunity Zones framework.

AI-generated performers like Tilly Norwood and Xania Monet are creating real revenue streams through licensing, streaming, and brand partnerships. How should creators, managers, and agencies structure ownership, navigate international tax obligations, and build sustainable business models around digital talent that exists entirely as intellectual property?

Morgan Scarboro joins Nikki Dobay to analyze the unexpected trends shaping state and local tax legislation in 2026, from the resurgence of digital advertising taxes to states using NOL caps as budget tools. They examine key developments across Illinois, Virginia, New Jersey, and Pennsylvania, while exploring whether proposed large-scale tax restructuring represents genuine momentum or political theater.

The Louisiana Department of Revenue has initiated rulemaking to amend regulations governing sales and use tax responsibilities for materials used in construction and renovation of immovable property. The proposed amendments establish new presumptions based on invoicing practices and introduce standards for rebutting those presumptions through contractual evidence. These changes will significantly impact how contractors and customers allocate tax obligations for materials, supplies, and equipment in construc

Colorado expanded its sales and use tax base through HB 26-1223, enacted on June 4, 2026. Effective Jan. 1, 2027, the state will impose sales and use tax on most downloaded and remotely accessed computer software...

When adding a partner or outside investor to your business, understanding the tax implications is crucial for both personal and business finances. This comprehensive guide explores entity structure considerations...

The One Big Beautiful Bill Act has fundamentally transformed Section 1202's qualified small business stock (QSBS) tax benefits, introducing tiered holding periods that allow partial capital gains exclusions...

Illinois has enacted legislation that decouples the state’s income tax from the federal exclusion for gain from the sale of Qualified Small Business Stock (QSBS).