Washington ~ Sales and Use Tax: Economic Nexus Legislation Introduced
CCH Tax Day Report Legislation has been introduced in the Washington Senate that would authorize an economic nexus standard for the collection of sales and use tax. A seller would have substantial...
View ArticleTax Reform, Infrastructure Spending, ACA Replacement Debated After...
CCH Tax Day Report Lawmakers continue to debate tax reform, infrastructure spending and the future of the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148), two days after President Trump...
View ArticleDemocrats Ask for Hearings on ACA Repeal and Replacement Bill Before Markup
CCH Tax Day Report House Ways and Means Committee Democrats sent a letter dated March 2 to Chairman Kevin Brady, R-Tex., asking that hearings be held to examine the GOP bill to repeal and replace the...
View ArticleCalifornia ~ Personal Income Tax: Credit Allowed for Taxes Paid to “Reverse...
CCH Tax Day Report The personal income tax credit for taxes paid to another state is allowed for taxes paid to a “reverse credit” state by a California resident that is included in a group (composite)...
View ArticleGeorgia ~ Personal Income Tax: Flat Tax Rate Passes House
CCH Tax Day Report The Georgia House of Representatives has passed a bill that would, if enacted, replace the current personal income tax rates ranging from 1% to 6% with a flat rate of 5.4%,...
View ArticleNew Jersey ~ Corporate Income Tax: Regulation Limiting Definition of...
CCH Tax Day Report The New Jersey Tax Court granted part of a taxpayer’s motion for summary judgment finding that the Director of the New Jersey Division of Taxation did not have the statutory...
View ArticleWyoming ~ Sales and Use Tax: Certain Remote Sellers Must Remit Tax on Sales...
CCH Tax Day Report A seller without a physical presence in Wyoming must remit Wyoming sales tax on its sales of tangible personal property, admissions, or services delivered into Wyoming once the...
View ArticleWeekly Report from Washington, D.C.
CCH Tax Day Report Congress continues to focus on Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) replacement and tax reform. The Treasury Inspector General for Tax Administration...
View Article“Stars Have Aligned” for Tax Reform in 2017, Way and Means Chief Tax Counsel...
CCH Tax Day Report Congressional taxwriting committees’ senior staff and the Joint Committee on Taxation’s (JCT) chief of staff provided a legislative update at the Federal Bar Association’s (FBA) 41st...
View ArticleAll States ~ Corporate Income Tax: MTC Approves Changes to Model Allocation...
CCH Tax Day Report The Multistate Tax Commission (MTC) approved amendments to its General Allocation and Apportionment Regulations to make the model regulations consistent with changes to Article IV,...
View ArticleAll States ~ Corporate, Personal Income Taxes: Webinar: Multistate Income Tax...
CCH Tax Day Report Wolters Kluwer is hosting a live two-hour webinar, Multistate Income Tax for Passthrough Entities, on Wednesday, March 8, 2017, at 1 p.m. Eastern; noon Central; 11 a.m. Mountain; 10...
View ArticleArizona ~ Corporate, Personal Income Taxes: IRC Conformity Date Update and...
CCH Tax Day Report Arizona legislation has been enacted that updates the state’s conformity to the Internal Revenue Code (IRC) for corporate and personal income tax purposes for taxable years beginning...
View ArticleIowa ~ Multiple Taxes: Increased Expensing Allowance Bill Introduced
CCH Tax Day Report Legislation has been introduced in the Iowa Senate that would, if enacted, permanently couple with federal changes made to the expensing of certain depreciable business assets under...
View ArticleNorth Carolina ~ Multiple Taxes: Governor’s Budget Includes Income Tax...
CCH Tax Day Report North Carolina Gov. Roy Cooper has released his recommended budget for 2017-2019, which contains no state tax or fee increases. The budget proposal includes a child and dependent...
View ArticleHouse Republicans Unveil ACA Repeal, Replacement Bill; Markup Scheduled This...
CCH Tax Day Report House Republicans on the evening of March 6 unveiled their much anticipated Patient Protection and Affordable Care Act (ACA), P.L. 111-148, repeal and replacement legislation. A...
View ArticleFormer Treasury Official Concerned Over IRS Budget Cuts, Limits on Tax...
CCH Tax Day Report Former Treasury Deputy Assistant Secretary for International Tax Affairs Robert Stack discussed IRS resources and tax regulations at the March 3 Federal Bar Association’s 41st Annual...
View ArticleAll States ~ Corporate, Personal Income Taxes: Webinar: Multistate Income Tax...
CCH Tax Day Report Wolters Kluwer is hosting a live two-hour webinar, Multistate Income Tax for Passthrough Entities, on Wednesday, March 8, 2017, at 1 p.m. Eastern; noon Central; 11 a.m. Mountain; 10...
View ArticleDistrict of Columbia ~ Multiple Taxes: District’s CFO Certifies Rate...
CCH Tax Day Report The District of Columbia’s Chief Financial Officer certified in his new February 2017 Revenue Estimate forecast that sufficient recurring revenues are available to implement all the...
View ArticleFlorida ~ Property Tax: PILOT Agreement Did Not Violate Statute or Constitution
CCH Tax Day Report For Florida property tax purposes, a payments in lieu of taxes (PILOT) agreement between a city and a nonprofit affordable housing provider did not violate either the state’s...
View ArticleNew York City ~ Corporate Income Tax: Worksheet Revised for Calculating...
CCH Tax Day Report The New York City Department of Finance has updated its recently issued (TAXDAY, 2017/03/03, S.27) business corporation tax memorandum that explains the method used for attributing...
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