Finishing SALT: April State Focus & March Wrap-Up
A Grain of SALT: April State Focus – South Dakota On April 17, the United States Supreme Court will hear oral argument in South Dakota’s case challenging the Court’s physical presence requirement for...
View ArticleNew Mexico Administrative Hearings Office Issues Timely Opinion Regarding...
Earlier this month, the New Mexico Administrative Hearings Office issued an opinion that addressed the questions on the minds of many state tax professionals in the wake of federal tax reform: under...
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2018 Recap: State Responses to the Repatriation Transition Tax in the Tax...
Since the Tax Cuts and Jobs Act (TCJA) passed in December 2017, over 100 bills were proposed by state legislatures responding to the federal legislation. Thus far in 2018, nearly half of states have...
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STAR Partnership and State Responses to GILTI
While the state treatment of global intangible low-taxed income (GILTI) was on the mind of many taxpayers, most state legislatures that enacted legislation in 2018 focused on the state treatment of...
View ArticleNevada Bill Proposes Broad New Excise Tax on Sales of Digital Goods and Services
A bill (AB 447) was introduced on March 25th in the Nevada Assembly that would create a broad new excise tax on the retail sale of “specified digital products” to Nevada customers. Instead of expanding...
View ArticleTennessee Joins Other States in Excluding GILTI and 965 Income from the Tax Base
On May 8, Governor Bill Lee (R) signed SB 558, which provides for the exclusion of 95% of Global Intangible Low-Taxed Income (GILTI) and foreign earnings deemed repatriated under IRC section 965 (965...
View ArticleKentucky to Begin Taxing Video Streaming Services under Telecom Tax
Legislators in Frankfort added a new “video streaming service” tax to the omnibus tax bill (HB 354) as part of a closed-door conference committee process before the bill was hastily passed in the House...
View ArticleIllinois Fiscal Year 2020 Income and Franchise Tax Changes
The Illinois General Assembly enacted a number of new tax measures in a flurry of activity at the end of its legislative session. Some of the changes are taxpayer friendly and others are not. Unlike...
View ArticleNew York Clarifies GILTI Exemption; New Jersey Now Lone Major Commercial...
Stephen Kranz is quoted in a press release from STAR Partnership regarding state-level action on the Tax Cuts and Jobs Act’s GILTI provisions. Read the full real press release. Continue Reading
View ArticleBREAKING NEWS: More States Opt Not to Tax GILTI
This has been an eventful and exciting week for those interested in the states’ taxation of global intangible low-taxed income (GILTI). On Monday, taxpayers received the good news that New York...
View ArticleWisconsin Enacts Discriminatory Exit Charge for Businesses Moving out of State
On June 24, 2019, Wisconsin Governor Tony Evers (D), signed into law AB 10, entitled “2019 Wisconsin Act 7.” This Act either bars a deduction for, or requires that amounts deducted be added back to,...
View ArticleBatten Down the Hatches: Digital Tax Nor’easter Coming This Fall
Recently passed budget legislation in both Connecticut and Rhode Island included tax increases on sales of digital goods and services. The Connecticut bill has been signed into law. The Rhode Island...
View ArticleBREAKING NEWS: New Jersey Is Not GILTI! The Division Withdraws TB-85
Many New Jersey taxpayers have a reason to celebrate today as the Division of Taxation withdrew Technical Bulletin-85, providing for a special apportionment regime for global intangible low-taxed...
View ArticleBREAKING NEWS: New Jersey Is GILTI, Again!
Taxpayers may have celebrated too soon when the New Jersey Division of Taxation announced that it was withdrawing TB-85 and the GDP-based apportionment regime for global intangible low-taxed income...
View ArticleNew Trend Developing? Another Digital Advertising Tax Proposal
On January 14, LB 989 was introduced in the Nebraska Legislature, which would impose sales and use tax on “the retail sale of digital advertisements.” The bill defines “digital advertisement” as “an...
View ArticleVermont Bill Would Repeal Cloud Software Tax Exemption
On January 16, a bill (H. 756) was introduced in the Vermont Assembly that would repeal the sales and use tax exemption for remotely accessed prewritten computer software. If enacted as introduced, the...
View ArticleBREAKING NEWS: New York Considers 5% Gross Receipts Tax on Almost Every...
On January 21, A. 9112 was introduced in the New York Assembly. An identical Senate companion bill, S. 6102, has been referred to the Senate Budget & Revenues Committee after being introduced in...
View ArticleBREAKING NEWS: Nebraska Bill Clarifies GILTI and Repatriation Are Deductible
Most states have historically not subjected foreign-source income to state income tax. Consequently, since the passage of TCJA, the vast majority of states have opted not to tax GILTI (with most states...
View ArticleNew 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...
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