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State & local tax advisor: April 2018

April 27, 2018 Article 15 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 Alabama, Florida, Idaho, Michigan, and more.

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  • Simplified Sellers Use Tax Program changed; marketplace facilitators required to register


  • IRC conformity updatedConnecticutIRC §965 repatriation transition tax guidance issued


  • IRC conformity, rate reduction legislation enacted


  • Global intangible low-taxed income subtraction enacted


  • Idaho updates IRC conformity
  • Sales and use tax click-through nexus provisions enacted


  • IRC §965 foreign income repatriation transition tax guidance issued
  • Guidance regarding exemption application forms for hospitals issued


  • Cloud services exempt from sales tax


  • Apportionment formula, rate, and other changes enacted
  • Bill subjects more services to sales tax, makes other changes


  • Federal extenders legislation may affect 2017 state returns

New Jersey

  • Refund of tax imposed on foreign-source income upheld

New York

  • Enacted budget includes IRC conformity changes, opt-in payroll tax, and other provisions
  • Personal income tax guidance issued on IRC §965 repatriation income


  • IRC conformity updated


  • Enacted marketplace sales legislation detailed


  • IRC conformity updated, tax haven law repealed
  • Corporate income tax guidance on IRC §965 issued


  • Treatment of repatriated earnings explained


  • Corporations may pay tax on deferred foreign income in installments
  • Tax rate cuts, single sales factor apportionment enacted


  • IRC conformity updated, many federal TCJA provisions excluded

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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