State & Local Tax Advisor: December 2017
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 >>
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