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September 20, 2017 Article 13 min read
What’s new in state and local tax? Here are a few updates on activities within Colorado, Michigan, Minnesota, and more.

Colorado

  • Consolidated returns rule amended

Florida

  • Sourcing of income from services discussed

Illinois

  • Sales and use tax rolling stock exemption amended
  • Sunset date for new markets credit extended, recapture provision revised
  • Sales and use tax for consumer rentals enacted
  • Sales and use tax electronic filing requirements for 2018 enacted

Michigan

  • MBT surcharge ends

Minnesota

  • Unrelated business income tax, calculation of income, and NOL carryforwards discussed

New York

  • Transfer tax rate reductions for REIT conveyances extended

Virginia

  • Tax amnesty program announced

Read the full September 2017 SALT advisor >>

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.

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