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State & local tax advisor: September 2018

September 18, 2018 Article 15 min read
Authors:
Curtis Ruppal Mike Merkel Ron Cook Julie Corrigan
What’s new in state and local tax? Here are a few updates on activities within Colorado, Kentucky, North Carolina, and more.

Photo of five people sitting around a meeting table in discussion.

Colorado

  • Out-of-state retailers must begin collecting sales tax soon

Illinois

  • Illinois sales thresholds for remote sellers addressed in emergency rules

Indiana

  • Indiana ready to enforce economic nexus for sales tax

Kentucky

  • Kentucky provides guidance on global intangible low-taxed income (GILTI)

Maine

  • Conformity legislation enacted

Massachusetts

  • Massachusetts issues draft IRC §965 guidance

North Carolina

  • North Carolina provides IRC §965 reporting guidance
  • North Carolina provides guidance on IRC conformity update

North Dakota

  • Corporate income tax guidance issued on repatriation income, GILTI, and FDII

South Carolina

  • Collection from remote sellers begins November 1

South Dakota

  • Remote sellers and marketplace providers soon subject to economic nexus laws

Tennessee

  • Post-Wayfair tax collection by out-of-state dealers discussed

Texas

  • Company’s sourcing of subscription revenues upheld

Wisconsin

  • Remote seller registration, collection dates announced

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.

©2018 CCH Incorporated and its affiliates. All rights reserved.

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