On January 14, LB 989 was introduced in the Nebraska Legislature, which would impose sales and use tax on “the retail sale of digital advertisements.” The bill defines “digital advertisement” as “an advertising message delivered over the Internet that markets
Inside SALT
In-Depth Coverage of Issues Surrounding State and Local Tax
Inside SALT, published by McDermott Will & Emery, focuses on state and local tax (SALT) developments, legislation, and enforcement trends. The blog covers topics such as tax policy changes, false claims acts related to tax enforcement, tax privacy and confidentiality issues, state tax litigation, and the impact of tax laws on businesses and financial institutions. It also addresses tax controversies, tax credits, surtaxes, and budgetary tax measures at the state level. The content includes analysis of legislative proposals, court rulings, and regulatory actions affecting state and local taxation, with an emphasis on practical implications for taxpayers and tax practitioners.
Latest from Inside SALT - Page 4
BREAKING NEWS: Maryland Proposes (French) Tax on Advertising – Digital Platforms and Advertisers Beware!
On January 8, SB 2 was introduced to establish a new digital advertising gross revenue tax of up to 10% on “annual gross revenues of a person derived from digital advertising services in the state.” This uncharted new tax would…
Illinois Amnesty Programs Now Underway
As previously announced, the Illinois Department of Revenue has begun a new amnesty program, running October 1 through November 15, 2019. All taxes paid to the Illinois Department of Revenue for taxable periods ending after June 30, 2011, and prior…
Gross Receipts Taxes Face Policy and Legal Challenges
Vultures Circling as Bill to Expand California FCA to Tax Looms in Legislature
Legislators in Sacramento are mulling over one of the most (if not the most) troubling state and local tax bills of the past decade. AB 1270, introduced earlier this year and passed by the Assembly in late May, would…
BREAKING NEWS: New Jersey Is GILTI, Again!
Taxpayers may have celebrated too soon when the New Jersey Division of Taxation announced that it was withdrawing TB-85 and the GDP-based apportionment regime for global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII) in favor of a more…
BREAKING NEWS: New Jersey Is Not GILTI! The Division Withdraws TB-85
Many New Jersey taxpayers have a reason to celebrate today as the Division of Taxation withdrew Technical Bulletin-85, providing for a special apportionment regime for global intangible low-taxed income (GILTI) and income used to compute the foreign-derived intangible income (FDII)…
Batten Down the Hatches: Digital Tax Nor’easter Coming This Fall
Recently passed budget legislation in both Connecticut and Rhode Island included tax increases on sales of digital goods and services. The Connecticut bill has been signed into law. The Rhode Island bill passed late last night awaits executive action. Below…
Wisconsin Enacts Discriminatory Exit Charge for Businesses Moving out of State
On June 24, 2019, Wisconsin Governor Tony Evers (D), signed into law AB 10, entitled “2019 Wisconsin Act 7.” This Act either bars a deduction for, or requires that amounts deducted be added back to, Wisconsin taxable income “for…
BREAKING NEWS: More States Opt Not to Tax GILTI
This has been an eventful and exciting week for those interested in the states’ taxation of global intangible low-taxed income (GILTI). On Monday, taxpayers received the good news that New York Governor Cuomo signed S. 6615—a bill that excludes 95%…
