State & Local Tax Advisor February 2014
Your Source for State & Local Tax Updates
Plante Moran’s State & Local Tax team issues periodic newsletters to keep you apprised of important state and local tax changes. Topics in this issue include:
Alabama
California
Illinois
- Emergency Rules on Sourcing Local Retailers’ Occupation Tax Liability Issued
- Out-of-State Watercraft Purchase Not Subject to Watercraft Use Tax
Indiana
Michigan
- Income from Sale of Limited Partnership Interest was Business Income
- Aircraft Owner was Taxable on Lease Transaction Despite Lack of Actual Possession
- Statute of Limitations Extended
- Corporate Income Tax: Guidance for Nexus Standards Issued
Ohio
- Reminder for Small Business Deduction Issued
- Boat Purchased and Harbored Out of State was Exempt
- Taxation of Lump-Sum Retirement Payment Upheld
- Pass-Through Entity Could Not Rescind Composite Returns
