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State & local tax advisor: October 2018

October 25, 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 Colorado, Kentucky, North Carolina, and more.

Man looking at new SOC 2 Requirements on computer


  • Arkansas issues IRC §965 guidance


  • Collection from certain remote sellers begins January 1


  • Illinois adds regulation on subtraction for federal recovery items


  • Guidance provided on changes to IRC §965 repatriation income


  • Guidance on conformity legislation released
  • Guidance provided on IRC §965 repatriation income


  • Economic nexus thresholds set
  • Guidance provided on IRC §965 repatriation income


  • Massachusetts issues final guidance on IRC §965 income


  • Successor liability explained
  • New consumer refund procedure explained


  • Sales and use tax economic nexus thresholds set
  • Sales and use tax economic nexus rules in effect

New Jersey

  • Economic nexus for remote sellers established; marketplace facilitators must collect tax
  • Deduction for foreign income enacted, combined reporting and alternative surtax provisions amended

New York City

  • Treatment of IRC §965 repatriation amounts for 2017 explained


  • Simplified remote seller registration open

South Carolina

  • Sellers with nexus have local nexus
  • IRC conformity updated, dependent exemption created


  • Receipts from sale of SMLLC sourced to location of payor
  • Physical presence required for franchise tax nexus

West Virginia

  • Sales and use tax economic nexus thresholds announced for remote sellers

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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