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State & local tax advisor: January 2017

January 24, 2017 Article 1 min read
Curtis Ruppal Mike Merkel Ron Cook
What’s new in state and local tax? Here are a few updates on activities within Illinois, Indiana, Michigan, New York City, and Oregon.

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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:


  • 2016 tax return due dates, expiring credits, and other changes summarized
  • Personal property lease tax does not apply outside Chicago
  • Taxpayers required to file quarterly withholding tax returns in 2017


  • Invalid corporate loans taxable as income of shareholder


  • Material and supplies deductible from MBT tax base
  • Certain farmland preservation credits transferred to a trust can be claimed under MBT
  • Sales tax refund allowed as taxpayer remitted tax out of profits

New York City

  • Changes to mandatory first installment of estimated tax discussed
  • Entire gain from installment sale included in final year return


  • Finance company had nexus with Oregon

Read the full January 2017 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. ©2017 CCH. All Rights Reserved.

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