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State & local tax advisor: December 2018

December 27, 2018 Article 15 min read
Authors:
Curtis Ruppal Mike Merkel Ron Cook Julie Corrigan Jeanette Tolar
What’s new in state and local tax? Here are a few updates on activities within Connecticut, Illinois, Wisconsin, and more.

Image of hands on table full of business papers and a coffee mug.

California

  • Sales and use tax new economic nexus requirements for retailers announced
  • Regulations on allocation and apportionment of partnership income amended
  • P.L. 86‐272 protection for company vehicle deliveries addressed
  • San Francisco voters approve economic nexus

Colorado

  • Grace periods extended for economic nexus and destination sourcing compliance

Connecticut

  • Guidance on marketplace facilitators and sellers provided
  • Pass‐through entity tax payment recharacterization due December 31, 2018

Illinois

  • Sales and use tax collection obligation of facilitator businesses discussed

Montana

  • IRC §965 guidance issued; IRC §199A pass‐through deduction not allowed

New Jersey

  • Tax amnesty period set
  • Income tax summary of major recent changes issued

North Dakota

  • Additional IRC §965 guidance issued

Wisconsin

  • Sales and use tax economic nexus law enacted
  • State allows pass‐throughs to elect entity level tax

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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