State & local tax advisor: May 2017
What’s new in state and local tax? Here are a few updates on activities within Colorado, Indiana, Michigan, Montana, and more.
Colorado
- Colorado-source income regulation amended
Indiana
- Certain remote merchants required to collect Indiana sales tax
Michigan
- U.S. Supreme Court declines to review retroactive repeal of multistate tax compact
- HMOs remain subject to corporate income tax
Montana
- Market-based sourcing enacted
New York City
- Basis adjustments under IRC §734 and §743 discussed
Ohio
- Manufacturing corporation’s purchase of natural gas taxable
Oklahoma
- Oil and gas royalty payments exempt from withholding requirements
Oregon
- Crediting of overpayments as estimated tax addressed
Pennsylvania
- DOR reminds taxpayers that amnesty has begun
Tennessee
- Phase-out of hall income rates enacted; apportionment method election permitted for manufactures
- Streamlined sales tax effective dates delayed
Virginia
- Amnesty program enacted and guidance issued
Washington
- Taxability of property temporarily used in state for business purposes explained
Wisconsin
- Composite return e-filing, partnership apportionment, other topics discussed
Read the full May 2017 SALT advisor >>
