A Grain of SALT: May State Focus – Georgia
Georgia was one of the first states to enact comprehensive legislation in response to the federal tax reform bill, known as the Tax Cuts and Jobs Act (TCJA). As a preliminary
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 8
New Mexico Administrative Hearings Office Issues Timely Opinion Regarding State Taxation of Subpart F Income and Dividends from Foreign Affiliates
Earlier this month, the New Mexico Administrative Hearings Office issued an opinion that addressed the questions on the minds of many state tax professionals in the wake of federal tax reform: under what circumstances can a state constitutionally impose tax…
Oregon Bars Use of Three Factor Apportionment Formula
In Health Net Inc. v. Dep’t of Revenue, Docket No. S063625 (Apr. 12, 2018), the Oregon Supreme Court rejected a business taxpayer’s constitutional challenges to a 1993 Oregon statute that eliminated the right to utilize a three-factor apportionment formula in…
Finishing SALT: April State Focus & March Wrap-Up
A Grain of SALT: April State Focus – South Dakota
On April 17, the United States Supreme Court will hear oral argument in South Dakota’s case challenging the Court’s physical presence requirement for sales tax nexus. South Dakota v. Wayfair,…
Tax in the City: March Key Takeaways
McDermott hosted the first Tax in the City® meeting of 2018 in its Chicago office on March 15, 2018. Tax in the City® is a discussion and networking group for women in tax aimed at fostering collaboration and mentorship, and…
Overview of Minnesota’s Response to Federal Tax Reform
Minnesota has several bills pending that would address the Minnesota state tax implications of various provisions of the federal tax reform legislation (commonly referred to as the Tax Cuts and Jobs Act).
HF 2942
HF 2942 was introduced in the…
Illinois Confirms Treatment of Deemed Repatriated Foreign Earnings Provisions
On Wednesday, the Illinois Department of Revenue (Department) issued additional guidance concerning its treatment of the new deemed repatriated foreign earnings provisions found in Internal Revenue Code Section 965, enacted in the federal tax reform bill (known as the Tax…
BREAKING: Indiana Enacts Cloud Software Tax Exemption
This morning, Indiana Governor Eric Holcomb signed a bill into law that will exempt cloud-based software transactions from State Gross Retail and Use Taxes, effective July 1, 2018. The signing took place at the headquarters of Indiana-based cloud service provider…
More States Respond to Federal Tax Reform
It’s been nearly three months since the federal tax reform bill (commonly referred to as the Tax Cuts and Jobs Act, or “TCJA”) was enacted and states continue to respond to the various provisions of the TCJA. Recently, there have…
You’re Invited: COST, Bloomberg Tax and McDermott Will & Emery to Host Post-Oral Argument Roundtable Discussion
On Tuesday, April 17, 2018, at 10:00 am (EST) the United States Supreme Court will hear oral arguments in South Dakota v. Wayfair, Inc., a state tax case poised to reconsider the dormant Commerce Clause physical presence standard upheld by…