New State Digital Ad Taxes? Will Maryland’s Take Effect? Which States Will...
On March 18, 2020, Maryland legislature sent a massive new tax on digital advertising services to Governor Hogan for consideration. The tax imposes a rate of up to 10% on annual gross revenue in the...
View ArticleCOVID-19 State Tax Relief for Illinois | Quarterly Estimated State Income Tax...
Illinois has announced the following tax-related relief measures related to COVID-19. Taxpayers who file quarterly estimated returns should note that unlike the federal government, Illinois has not...
View ArticleCARES Act Could Result in Taxation of More GILTI in New Jersey
The federal stimulus bill (the CARES Act), HR 748, which was signed into law by President Trump on March 27, includes certain corporate income tax provisions designed to provide relief to corporate...
View ArticleThe Nexus Implications of Teleworking
Over the past several weeks, state and local governments have issued a slew of “stay-in-place” or “shelter-in-place” orders mandating the closure of all “nonessential businesses” and requiring all...
View ArticleFederal COVID-19 Relief Bill Brings State Tax Policy to a Grinding Halt
On March 11, 2021, US President Joe Biden signed the American Rescue Plan Act of 2021 (ARPA), the COVID-19 relief bill that includes $350 billion in relief to states and localities. To prevent states...
View ArticleMcDermott Provides Treasury Department with Concrete Suggestions for Guidance...
The recently enacted American Rescue Plan Act of 2021 (ARPA) includes an ambiguous claw-back provision that has brought the world of state and local tax policymaking to a grinding halt. Because ARPA’s...
View ArticleThe US Department of the Treasury Says State IRC Conformity Bills Do Not...
As we’ve blogged about in the past, the recently enacted American Rescue Plan Act of 2021 (ARPA) includes an ambiguous claw-back provision. If broadly interpreted, it could result in states losing...
View ArticleKansas Decouples from GILTI and 163j
Yesterday afternoon the Kansas legislature overrode Governor Laura Kelly’s veto of Senate Bill (SB) 50, effectively enacting the provisions of the bill into law. Among those are provisions decoupling...
View ArticleUS Treasury Issues Guidance on the ARPA Claw-Back Provision
Earlier this week, the US Department of the Treasury (Treasury) issued formal guidance regarding the administration of the American Rescue Plan Act of 2021 (ARPA) claw-back provision. The guidance...
View ArticleNebraska District Court Holds That GIL 24-19-1 is Not Afforded Deference
Last week, the Lancaster County District Court granted the state’s motion to dismiss in COST v. Nebraska Department of Revenue. COST brought this declaratory judgment action to invalidate GIL 24-19-1,...
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