State & local tax advisor: April 2018

Alabama

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

Arizona

• IRC conformity updatedConnecticutIRC §965 repatriation transition tax guidance issued

Florida

• IRC conformity, rate reduction legislation enacted

Georgia

• Global intangible low-taxed income subtraction enacted

Idaho

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

Illinois

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

Indiana

• Cloud services exempt from sales tax

Kentucky

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

Michigan

• 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

Ohio

• IRC conformity updated

Oklahoma

• Enacted marketplace sales legislation detailed

Oregon

• IRC conformity updated, tax haven law repealed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

Tennessee

• Treatment of repatriated earnings explained

Utah

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

Wisconsin

• IRC conformity updated, many federal TCJA provisions excluded