Topics in this issue include:
Arizona
- Legislation specifies when change in organizational structure of entity is a nontaxable event
- Changes to electronic filing and payment, audit provisions, others enacted
California
- Guidance provided regarding mergers and acquisitions for apportioning taxpayers
- S corporation’s built-in gains and losses apportioned in year of sale
Colorado
- Electronic filing and payment provisions amended
Connecticut
- Apportionment and market-based sourcing changes addressed, sourcing procedures established
Massachusetts
- New federal income tax filing deadlines adopted for 2017 business tax returns
Maryland
- Manufacturing incentive program enacted
New Jersey
- S corporations must pay tax owed by nonconsenting shareholders
Ohio
- Guidance issued regarding the definition of “indirect ownership”
Texas
- Taxpayer not allowed to amend reports to change method used to calculate COGS deduction
Read the full 2017 April SALT Advisor >>
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