Tax Headlines

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Washington ~ Multiple Taxes: Liquor Control Board Discusses Implementation of Marijuana Initiative

The Washington State Liquor Control Board has issued a set of questions and answers regarding Initiative 502, which establishes a regulatory scheme for the production, sale, and taxation of marijuana for recreational use. With regard to taxation, the board notes that the initiative applies a 25% excise tax on each level of the system: producer to processor, processor to retailer, and retailer to consumer. In addition, business and occupation (B&O) taxes on production and local retail sales taxes apply.

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California ~ Property Tax: School District Tax Could Not Have Different Classes, Rates

A California statutory provision that authorizes school districts to levy qualified special taxes that apply uniformly to all taxpayers or all real property within the taxing district was intended to be a constraint on the taxing authority delegated to local governmental entities, rather than an acknowledgment of established equal protection principles.

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Supreme Court Docket: Certiorari Granted in Windsor Case

E. Windsor, CA-2, 2012-2ustc ¶60,654 . Certiorari has been granted by the Supreme Court in E. Windsor. In addition to the issues addressed in the Second Circuit decision, the Supreme Court will address whether the Executive Branch’s agreement with the appellate court that the Defense of Marriage Act (DOMA) is unconstitutional deprives the Supreme Court of the jurisdiction to decide the case and whether the Bipartisan Legal Advisory Group of the U.S. House of Representatives (BLAG) has Article III standing.

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Cumulative List of Changes in Plan Qualification Requirements Issued (Notice 2012-76)

The IRS has published the 2012 Cumulative List of Changes in Plan Qualification Requirements (2012 Cumulative List). The 2012 Cumulative List informs plan sponsors and practitioners of issues the IRS has specifically identified for review when determining whether individually designed single-employer plans filing in Cycle C have been properly updated.

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