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October 27, 2015 Article 1 min read
Here are the latest and greatest state and local tax updates, including AL, IL, IA, MD, MI, NH, and NC.

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

Topics in this issue include:

Alabama

  • Amnesty Bill Enacted

Illinois

  • Pass-Through Treatment of River Edge Historic Preservation Credit Addressed
  • Subtraction Adjustment for Attribute Reductions Under IRC §108 Not Allowed

Iowa

  • Guidance Provided on Impact of Wynne on Credit for Taxes Paid to Other States

Maryland

  • Wynne Tax Refund Website Launched

Michigan

  • Retroactive Repeal of MTC Provisions Was Valid and Constitutional 
  • Guidance on Delivery and Installation Charges Updated

New Hampshire

  • Amnesty Provisions Enacted
  • Voluntary Disclosure, MTC Provisions Enacted

North Carolina

  • Budget Bill Reduces Tax Rates, Revises Apportionment Formula

 

Read the full October 2015 SALT 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. ©2015 CCH. All Rights Reserved