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State & Local Tax Advisor: December 2017

December 22, 2017 Article 1 min read
Authors:
Curtis Ruppal Mike Merkel Julie Corrigan Ron Cook
What’s new in state and local tax? Here are a few updates on activities within California, Colorado, Illinois, and more. 

California

  • Corporation could exclude sale of U.S. business from sales factor

Colorado

  • Holding company properly excluded from Colorado combined return

Illinois

  • Lenders not entitled to bad debt credit for sales tax

Indiana

  • Market-based sourcing disallowed for online course revenue

Michigan

  • Principal residence qualified for exemption despite renting out property

Montana

  • Rules updated to adopt Finnigan, implement market-based sourcing

Tennessee

  • Self-study online training courses are subject to tax

Read the full December 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.

©2017 CCH Incorporated and its affiliates. All rights reserved.

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