State & local tax advisor: July 2017

California

• Maximum extension period for filing partnership returns increased

Colorado

• Colorado sales and use tax notice and reporting requirements for retailers became effective July 1, 2017

Delaware

• Franchise tax increases enacted

Illinois

• Income tax rate increase, domestic production activities addback, and other changes enacted
• Budget bill creates and extends sales and use tax exemptions

Kansas

• Estimated tax payments for nonwage business income addressed

Michigan

• Department announces availability of ESA statements for certification
• Bulletin regarding tax treatment of rental income issued

Ohio

• Budget bill eliminates some personal income tax brackets, makes other changes
• Budget bill expands sales and use tax nexus provision, authorizes tax holiday, and revises local taxes
• Amnesty, cigar tax enacted; Property tax appeal process, other provisions amended

Oregon

• Market based sourcing adopted

Texas

• State supreme court grants review of multistate tax compact apportionment election case

Wisconsin

• “Investment” defined for capital gains deferral, other changes enacted

Read the full July 2017 SALT advisor >>