The following are state tax and business developments I have curated since October 24, 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.
State Rundown 10/25: Marijuana Taxes a Bright Spot amid Underperforming State Revenues
TN ruling: single-member LLCs owned by a partnership are exempt from Tennessee Franchise & Excise Tax. The partnership is subject to the TN franchise & excise tax
Bloomberg BNA’s 2017 Trust State Tax Nexus Survey
The State Tax Function and Emerging Technologies
California OTA Proposes Draft Emergency Regulations on Administration and Procedures for Appeals and Petitions for Rehearing
California FTB Now Permitting Oral Presentations in Petitioning for Use of Alternative Apportionment
Maryland Tax Court Holds that Out-of-State Loaning Subsidiary Has Nexus Based on Relationship with In-State Parent
Ohio Issues and Updates Bulletins Pursuant to New Law that Includes a 500K USD Gross Receipts Nexus Threshold
California A.B. 131 enacted | Deloitte US
State Rundown 11/1: Connecticut Balances Budget, Leaves Tax Code Out of Whack
New Connecticut Law Provides for Fresh Start Program that Permits Potential Waiver of Most Penalties and 50 Percent Interest
New Connecticut Law Revises Claimant Period for Combined Reporting-Related ASC 740 Deduction
Florida DOR Proposes Administrative Rule Changes Reflecting New Law on Return Filing and Payment Due Dates
Massachusetts DOR Issues Ruling on Net Worth Calculation Where Subsidiaries are Owned Indirectly through a Pass-Through Entity
New Pennsylvania Law Revises NOL Carryover Deduction Limitation and Reflects State Supreme Court Ruling on NOL Carryovers
Tennessee DOR Explains that Federally Disregarded SMLLCs of Partnerships Are Classified as Partnerships for Purposes of Qualifying for Certain Franchise and Excise Tax Exemption
New Pennsylvania Law Imposes Information Reporting Notice Requirements on Some Remote Sellers, Including Marketplace Facilitators
California’s New Office of Tax Appeals Issues Preliminary Draft of Procedural Rules that Is Silent on Discovery Matters
2017 State Ballot Measures Preview: Taxes
October Tax Retrospective: Two Down, One to Go
WEBINAR: State-Specific Property and Other Tax Challenges Affecting Data Centers Coast to Coast
Pennsylvania net loss carryover modified, remote seller sales tax notice
Finishing SALT: Inside SALT’s Monthly Recap
State tax implications of federal tax reform
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.
