State & local tax advisor: February 2018
What’s new in state and local tax? Here are a few updates on activities within Idaho, Illinois, Indiana, and more.
Idaho
- IRC conformity legislation enacted
Illinois
- Sales and use tax occasional sale exemption discussed
Indiana
- Sales to foreign country not subject to throwback rules
Michigan
- Services for clients located outside Detroit not included in sales factor
- Personal income tax changes regarding filing of amended return discussed
Minnesota
- 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
Pennsylvania
- Net operating loss increases effective
South Dakota
- IRC conformity updated
Texas
- Tax amnesty runs May 1 through June 29
Wisconsin
- 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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