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State & local tax advisor: January 2019

January 31, 2019 Article 20 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 Colorado, Michigan, New York, and more. 

 People looking at screen

Colorado

  • Sales and use tax emergency nexus and sourcing regulations readopted

Illinois

  • Bulletin informing about Fast Track Resolution (FTR) pilot program issued

Louisiana

  • Sales and use tax bulletin providing definition of and guidance to remote sellers issued

Michigan

  • Alternative apportionment procedures explained
  • Department authorized to apply state refunds to city income tax liabilities

Nebraska

  • Nebraska issues IRC §965 transition tax guidance

New Jersey

  • Guidance issued on treatment of foreign income
  • Personal income tax Q&A issued on application of IRC §965 and §951A to state gross income
  • Included and excluded business entities in combined groups discussed

New York

  • State decouples from certain personal income tax Internal Revenue Code changes
  • New York economic nexus provisions effective

Pennsylvania

  • Pennsylvania adopts sales tax economic nexus standard
  • Pennsylvania measures sales and use tax economic nexus sales threshold by calendar year

Tennessee

  • Taxpayer allowed to apportion tax liability as it was incorporated in another state

Texas

  • Sales and use tax economic nexus rules for remote sellers issued

Washington

  • Economic nexus thresholds 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.

©2019 CCH Incorporated and its affiliates. All rights reserved.

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