The following are state tax and business developments I have curated since April 11th, 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.
Maryland Legislature Sends Single-Sales Factor Bill to Governor
Oregon Extends Interstate Broadcaster Apportionment Provisions
Virginia Allows Modified Apportionment Factors for Certain Companies
Tennessee Allows Financial Asset Managers to Elect Single Receipts Factor Apportionment
New Arizona Law Updates State Conformity to Some Provisions of IRC
Kentucky Broadens Sales Tax Base, Hikes Cigarette Tax, Makes Other Changes
Digital Tax Arguments Focus on Role of Congress, Compliance Costs
Insight: ‘Wayfair: Covering the Waterfront—Amicus Briefs Supporting Respondents
A Brief History of the Biggest State Tax Case in a Generation
South Dakota v. Wayfair - TTR Explains What Tax Technology Options Really are Available
Cap on the State and Local Tax Deduction Likely to Affect States Beyond New York and California
Adopt or adapt? New IRS partnership audit rules affect states
New Jersey Permits Dedicated Prepayment of Anticipated Taxes
Maryland Phases in Single-Sales Factor Apportionment Formula
California FTB Issues Fourth and Final Report to Legislature on Recently Enacted Federal Tax Reforms
New Maryland Law Phases in Single-Sales Factor Apportionment for Corporate Income Tax Purposes
New Nebraska Law Provides Adjusted Basis Computation for Certain IRC Sec 179 Depreciable Property
New York City Memo Explains Deemed Repatriation Income under GTC, BTX, and UBT
Pennsylvania DOR Discusses Application of IRC Sec 965 RTT to State CNIT
MTC Approves Hearing Officer Report on Apportionment Regulation Amendments
Years of work to simplify the collection of remote state sales taxes may soon pay off.
Alabama Provides Guidance on IRC Sec. 965 Repatriation Income
Kentucky Clarifies Definition of Prewritten Computer Software
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.