What's new in state and local tax? Here are a few updates within Alabama, California, the District of Columbia, Michigan, Missouri, New Hampshire, North Dakota, Ohio, Pennsylvania, Virginia and Wisconsin.
Topics in this issue include:
Alabama
- Income tax deduction rule replaced
- California Franchise tax board addresses economic nexus and sales factor issues
District of Columbia
- Corporation franchise tax due date changed, rate reduction mechanism extended, hospital fees enacted and more
Michigan
- Appellate court rules IBM may use MTC formula for 2008 taxes
Missouri
- Sales and use taxation of delivery charges discussed
New Hampshire
- Guidance issued on how to report the sale or exchange of an interest in a business organization
North Dakota
- Adopts sales factor weighting election rules, revises, repeals other rules
Ohio
- Sales and use tax guidance on nexus standards updated
Pennsylvania
- Sales and use tax on downloads, refund for data centers, exemptions, and more enacted
Virginia
- Department of taxation discusses tax consequences of purchasing and selling software
Wisconsin
- Corporate and partnership return due dates, other topics discussed
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. ©2016 CCH. All Rights Reserved.