State & local tax advisor: March 2018
- Tax amnesty program enacted Consumers/purchasers now allowed to directly petition for refunds of certain taxes
- Treatment of gain from sale of interest in LLC discussed
- Governor signs IRC conformity update, rate cut
- Loss, credit carryovers available to offset certain income increases
- Tax reform legislation enacted
- Impact of the Tax Cuts and Jobs Act explained
- Guidance on using blended rate or schedule SA with schedule K-1-P or K-1-T issued
- Personal exemptions continued, IRC conformity update
- Sales and use tax apportionment of industrial processing exemption for electricity and natural gas providers explained
- Health maintenance organizations exempt from premiums tax
- Section 965 personal income guidance issued
- IRC conformity legislation enacted Filing guidance provided for conformity legislation
- IRC conformity tie-in date updated
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