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State & local tax advisor: February 2018

February 26, 2018 Article 1 min read
Curtis Ruppal Mike Merkel Ron Cook Julie Corrigan
What’s new in state and local tax? Here are a few updates on activities within Idaho, Illinois, Indiana, and more.
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  • IRC conformity legislation enacted


  • Sales and use tax occasional sale exemption discussed


  • Sales to foreign country not subject to throwback rules


  • Services for clients located outside Detroit not included in sales factor
  • Personal income tax changes regarding filing of amended return discussed


  • Impact of Tax Cuts and Jobs Act of 2017 on Minnesota taxpayers explained

New York City

  • Receipts allocation had to reflect salespeople and independent consultants

North Carolina

  • Impact of federal tax law changes discussed


  • Net operating loss increases effective

South Dakota

  • IRC conformity updated


  • Tax amnesty runs May 1 through June 29


  • Sales and use tax guidance regarding occasional sales exemption for business asset sales issued

Read the full February 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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