What’s new in state and local tax? Here are a few updates on activities within California, Colorado, Delaware, Kansas, and more.
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