Welcome to the February 2018 issue of the Aprio State & Local Tax (SALT) Newsletter.
With dozens of different taxes imposed by the 50 states (and thousands of local jurisdictions), we recognize how challenging it is to keep up with current issues and developments. This newsletter is designed to provide insights on developments in state and local taxes including new legislation, regulations, rulings and cases addressing issues such as corporate and personal income taxes, sales and use taxes, nexus, franchise/net worth taxes, etc.
This issue of the newsletter contains articles concerning (i) how states may or may not conform to federal tax reform, (ii) a potential refund opportunity in Michigan cities with a local income tax based on a Court of Appeals decision regarding revenue sourcing, (iii) California guidance explaining the “throwback” rule and the “subject to tax” test, (iv) a new small business tax credit to the New York City Commercial Rent Tax, and (v) a Texas letter ruling addressing Franchise Tax revenue sourcing for certain wireless data and voice services.
In case you missed prior issues of this newsletter, please click here.
If you have any comments, questions or suggestions regarding current or future topics, or if you would like to learn more about Aprio's SALT Practice, please email us at jeff.glickman@aprio.com. Thank you.
Jeff Glickman, J.D., LL.M.
Partner-in-Charge, State & Local Tax Practice
Webinar: Multi-State Issues in Tax Reform
By Jeff Glickman, SALT partner
Join Aprio’s Jeff Glickman for a webinar on March 26 from 1 - 2:30 p.m. to gain a better understanding of the multistate tax considerations of federal tax reform. Use discount code: Y1519491 to receive 50% off the registration price.
It's Our Turn: How will State Legislatures Conform (or Not) to Federal Tax Reform?
By Jeff Glickman, SALT partner
Even though most of the reforms under the Tax Cuts and Jobs Act are effective for tax years beginning on or after Jan. 1, 2018, failure of states to update their IRC conformity can impact the 2017 tax year.
Michigan Court Ruling Reveals Refund Opportunity for Services Providers Paying City Income Tax
By Jeff Weinkle, SALT manager
Taxpayers that file city income taxes in Michigan may have refund opportunities if they have been sourcing revenues based on where services were performed.
Texas Rules That Reseller of Voice and Data Services Is Not Selling an Intangible Asset for Apportionment Purposes
By Jess Johannesen, SALT manager
Ruling highlights the importance of properly characterizing revenue streams for apportionment purposes, since different revenue streams get sourced differently.
Aprio's State and Local Tax (SALT) practice advises clients on the state and local tax implications of their business operations, allowing clients to strategically minimize their liabilities and risks. Our team has over 50 years of combined SALT experience working in industry, state departments of revenue, public accounting and private law practice. We specialize in all areas of SALT, including matters related to state tax nexus, corporate and personal income taxes, sales/use tax, franchise/net worth taxes, credits and incentives, and mergers and acquisitions. In addition, we represent clients in administrative matters before state revenue departments around the country, including audit defense and settlement negotiations, pursuing voluntary disclosure agreements and obtaining letter rulings.
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