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State & local tax advisor: January 2018

January 22, 2018 Article 1 min read
Curtis Ruppal Mike Merkel Julie Corrigan Ron Cook
What’s new in state and local tax? Here are a few updates on activities within , Colorado, Illinois, Indiana, and more.

Image of person typing on calculator


  • Presence of employee in-state created nexus


  • Rule proposed on subtraction modification for partnerships


  • Guidance regarding taxation of nonresident professional athlete team members updated


  • Kentucky and federal tax reform FAQs issued


  • Remote sellers must send annual notice to online shoppers


  • Schedule of trade-in values for motor vehicle sales is accelerated
  • New alternative dispute resolution process discussed
  • Unitary business group not disqualified from MBT small business alternative credit


  • Changes to 2017 UBIT form discussed

New Jersey

  • Bulk sale notification requirement exemptions expanded

North Carolina

  • Corporations must file annual report with Secretary of State's Office


  • Pass through distributive income discussed


  • Corporate income tax depreciation addback required

South Dakota

  • U.S. Supreme Court agrees to review Quill’s physical presence requirement
Read the full January 2018 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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