State & local tax advisor: January 2019
What’s new in state and local tax? Here are a few updates on activities within Colorado, Michigan, New York, and more.
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.
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