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Curtis Ruppal Mike Merkel Julie Corrigan Ron Cook
July 26, 2016 Article 1 min read
What’s new in state and local tax? Here are some updates on developments in Colorado, Louisiana, Michigan, Minnesota, Pennsylvania, Tennessee and Utah.

Topics in this issue include:

Colorado

  • Applicability of credit for sale of intangible interest in pass-through entity discussed

Louisiana

  • Single-sales factor apportionment formula, market-based sourcing adopted
  • Remote retailers must provide use tax notice to Louisiana purchasers
  • Limits placed on capital gains deduction
  • Due dates and transferred credit procedures amended

Michigan

  • Certifying and paying the essential services assessment discussed
  • Repeal of flow-through withholding addressed
  • No review of decision preventing use of MTC formula

Minnesota

  • Disregarded foreign subsidiary properly included in combined return

Pennsylvania

  •  Corporate due date, amended returns and withholding amended; new credits enacted

Tennessee

  • Rule on disregarded entities adopted

Utah

  • Income from installment sales flowed through to nonresident shareholder
  • Income from sale of interest in LLC was apportionable business income

Read the full 2016 July SALT Advisor >> 

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