State & local tax advisor: September 2017
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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