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State & local tax advisor: November 2018

November 26, 2018 Article 20 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, Michigan, and more.

Image of business people talking around a table

All states

  • Income tax nexus legislation introduced in Congress


  • Ruling on business entity members of multiple-member LLCs modified


  • Sales and use tax destination sourcing for local taxes will begin soon


  • Sales of cloud services not taxable in Indiana


  • Idaho issues temporary rule on pass-through entity treatment of IRC §965 deemed repatriation income


  • IRC §965 guidance issued


  • Kentucky issues guidance on business inventory credit
  • Issues guidance on deduction for state taxes


  • Massachusetts creates addbacks for TCJA deductions
  • Addresses GILTI and Subpart F income treatment


  • Assessments for unpaid state real estate transfer taxes and interest upheld

New Jersey

  • Additional guidance issued for reporting IRC §965 income
  • Information provided on sales through marketplaces


  • Statement issued on Wayfair nexus decision


  • Oklahoma addresses treatment of IRC §965 and §951(A) income


  • Guidance on factor representation and IRC §965 issued


  • Airfreight-forwarding company apportionment adopted

South Dakota

  • Wayfair settlement reached


  • Guidance on Wayfair decision provided


  • Remote seller nexus guidelines updated

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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