The California Franchise Tax Board (FTB) administers the state’s corporate franchise and income taxes. The California Legislature authorized the FTB to promulgate regulations in order to implement and interpret the governing statutes. Beyond issuing formal guidance, however, the FTB historically,
SALT Shaker
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College athlete image deals create tax pitfalls for students
While providing a new revenue opportunity for college athletes, name, image, and likeness (NIL) deals have exposed recipients to potential risks—including tax liability—outside the university bubble.
Since the US Supreme Court’s 2021 NCAA v. Alston ruling, college athletes have become…
2024 ABA/IPT Advanced Tax Seminars
Eversheds Sutherland attorneys Charlie Kearns, Eric Coffill and Alla Raykin will speak during the 2024 ABA/IPT Advanced Tax Seminars held March 11 – March 15 in New Orleans, LA.
Their panel presentations will cover a variety of income and sales and use tax topics, including how…
Update on Virginia’s consideration of taxing digital products
The Virginia General Assembly passed the 2024-2026 Biennium Budget (House Bill 30) that would expand the sales and use tax to “digital personal property” and certain digital “taxable services” as of January 1, 2025.
The General Assembly’s conference…
Alabama Tax Tribunal: Interest payments not added back under Alabama’s subject-to-tax exception
On February 26, 2024, the Alabama Tax Tribunal (Tribunal) held that Huhtamaki Inc. (Huhtamaki), a packaging manufacturer, is not required to add back interest payments indirectly made to foreign affiliates through a U.S. parent company.
Under Alabama’s add-back statute, a…
Legal Alert – Georgia’s 2024 legislative session: Major tax legislation moving forward
This year’s Georgia’s legislative session is quickly progressing, with some major tax legislation moving towards passage. Last Thursday, February 29, 2024 was “Crossover Day”—the 28th legislative day of 40 total legislative days—the day by which all bills must have passed…
SALT trivia – March 6, 2024
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
This week’s question: Which state recently enacted an expansion to an income tax credit program…
Don’t count on a sales tax discount: California Court of Appeal supports the validity of Regulation 1585
The California Court of Appeal for the Third Appellate District held that the purchase of “discounted” cell phones bundled together with wireless services requires payment of sales tax based on the cell phone’s full price.
Plaintiffs purchased cell phones at…
SALT Pet of the Month: Winston
Introducing Winston, our esteemed SALT Pet of the Month for March! Named after former UK Prime Minister Winston Churchill, Winston is the beloved mate of Kevin Reddick, Senior Director of Tax at Home Depot.
Winston’s senior age and wardrobe full…
Capital University Law School Symposium
Where do we go from here? Capital University Law School will host a symposium on March 6 to address the tax issues arising from increased remote work. Eversheds Sutherland Partner Charlie Kearns will help address the challenges from withholding for…