The following are state tax and business developments I have curated since September 21st, and posted in the LEVERAGE SALT LinkedIn group:
Some of the items may be on the same state/issue/topic, but they are from different sources which may give you a broader perspective to help your company or client.
PRACTICE AND PROCEDURE: STATES KEEP TAXPAYERS AFLOAT BY PROVIDING TAX RELIEF FOR HARVEY AND IRMA VICTIMS
Cuomo Announces New Amazon Office in New York City will Create 2,000 Jobs
Whole Foods Told To Pay $3.5M On Add-Backs Per NY Tax Law
California holds IPM on withholding for pass through entities
State Tax Developments: Captives
Wisconsin Eliminates Alternative Minimum Tax
Alaska 80% DRD for dividends received from 80 20 company
State sales tax could be costing Nashville tech jobs
Multistate Insider: Local Policy Digest
California Governor Signs Cleanup Legislation Related to Restructuring of State BOE and New OTA
Virginia Governor Reminds that Amnesty Program Has Begun
New York Extends Gramm-Leach Bliley Transition Rules for Certain New York City Financial Institutions
New York City Tax Appeals Tribunal Requires Taxpayer to Recognize Property Gain on Final Tax Return
Taxpayer Asks US Supreme Court to Review Florida Supreme Court Holding Which Held that Taxing Satellite Services Versus Cable TV Services at Different Rates is Constitutionally Valid
Amended Oklahoma Rules Reflect Remote Seller and Affiliate Nexus Provisions
South Dakota Supreme Court Affirms that Remote Seller Economic Nexus Law is Unconstitutional
Wisconsin Governor Signs Budget Bill with Various Tax Law Changes Including Updated State Conformity to IRC, Revised Sourcing and Apportionment Provisions, and NOL Limitations
Proposed Alabama Amended Rule Reflects New Law that Includes Loans and Credit Card Receivables in Property Factor for FIET Purposes
California FTB Chief Counsel Ruling Addresses Impact of Recorded Goodwill for Deemed Water-Edge Election Business Assets Test
New Mexico AHO Holds in Taxpayer Favor that Interest Income from Payment-in-Kind Notes is Nonbusiness Income Allocable Out-of-State
North Carolina Supreme Court Affirms that Taxpayer Cannot Claim Interest Deduction for Market Discount Income on Discounted US Bonds
Illinois Appellate Court Holds that Internet Retailer Lacks Substantial Nexus and Thus Not Liable for Use Tax
Massachusetts Supreme Judicial Court Affirms that Wholesale Distributor Must Collect and Remit Tax on Goods Sold to Out-of-State Retailers in Drop Shipment Scenarios
Holders Beware: Delaware Department of State Notices to be Mailed in Two Weeks!
Why Does Missouri Want a Gross Receipts Tax?
Ohio’s Commercial Activity Tax: A Reappraisal
State and Local Tax Aspects of Republican Tax Reform Framework
The above represents 'general curating' of state tax developments into one spot. If you still feel overwhelmed by the volume of state tax developments, please consider my 'custom curating' service. Meaning, clients hire LEVERAGE SALT to daily curate state tax developments relating to a specific industry, state(s), tax type and issue. You can make it as granular as you prefer. This allows you to reduce information overload, and only get the information you need to help your clients or company. This service is provided on a fixed-fee or subscription basis. Contact me at strahle@leveragesalt.com.
