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July 23, 2015 Article 1 min read

Plante Moran’s State and Local Tax team issues periodic newsletters to keep you apprised of important state and local tax changes.

Read the full July 2015 SALT Advisor>>

Topics in this issue include:


  • Governor signs budget that includes mandatory combined reporting and other tax changes


  • Tax amnesty to be continued in Fall 2015
  • Electricity used by restaurants was exempt


  • Same-sex marriage recognized for filing
  • State essential services assessment and alternative assessment provisions modified
  • Certain personal property exemption provisions modified
  • Industrial facility exemption extended


  • Taxpayer not permitted to use MTC three-factor apportionment formula

New York

  • Taxation of nonresidents' gain from asset sale constitutional
  • Retroactive application of installment obligation sourcing provision upheld


  • Budget bill reduces personal income tax rates, extends small business tax exemption
  • Budget bill enacts click-through nexus provision, creates new exemptions, and authorizes local taxes
  • Guidance issued for returns of same-gender married couples
  • Withholding guidance issued for employers of same-gender married employees

Read the full July 2015 State and Local Tax Advisor>>

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The information provided in this alert is only a general summary and is being distributed with the understanding that Plante & Moran, PLLC is not rendering legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly, assumes no liability whatsoever in connection with its use.

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