Tax Law and International Tax Law

The Internal Revenue Service announced it would hold a hearing on June 18, 2026, regarding a petition to add methyl methacrylate-ethyl methacrylate-methacrylic acid copolymer in a styrene solution to the list of taxable substances under the Superfund excise tax. However, due to receiving no requests to testify or topic outlines by the deadline, the IRS has canceled the scheduled hearing.

Ohio has opened a 30-day window for stakeholders to nominate census tracts for the next generation of federal opportunity zone designations, with the state projected to have 62 fewer zones than the original program.

New York City has introduced an annual tax on luxury residential properties not used as primary residences, targeting owners of high-value second homes who benefit from city services without paying resident income tax.