State & local tax advisor: October 2017
What’s new in state and local tax? Here are a few updates on activities within California, Michigan, Minnesota, Ohio, and Rhode Island.
California
- Guidance on water's-edge elections expanded
Michigan
- U.S. Supreme Court declines to review removal of pension benefit exemptions
- Principal residence exemption claim procedures amended, penalties for duplicative claims enacted
- Taxpayer did not qualify for MBT deduction, exclusion or credit
- Distributions from IRAs discussed
Minnesota
- Impact of Ashland Inc. v. Commissioner of Revenue addressed
Ohio
- Sales and use tax changes to nexus standard explained
Rhode Island
- Amnesty program highlighted
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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