Sales Tax on NFTs Poised to Heat Up in 2024
To date, only a handful of states have provided guidance specific to the sales and use tax treatment of non-fungible …
The 200-Transactions Nexus Threshold Creeps into State Corporate Income Tax
In the five-plus years since Wayfair1 was decided, states and businesses have grappled with the level of economic contact needed to establish …
Michigan Explains Changes to Tax Treatment of “Prepared Food”
By Peter G. Pupke The Michigan Department of Treasury has issued a release explaining the legislative changes to the definition …
Chevron’s Last Dance? Judicial Deference to Regulations is the Next State Tax Battleground
On January 17, 2023, the United States Supreme Court heard oral arguments in two challenges to a federal regulation issued …
Maryland Comptroller Provides Middle East Conflict Tax Relief
By Saleem A. Shareef Maryland Comptroller Brooke Lierman announced income tax relief for Maryland individuals and businesses affected by the …
Louisiana Issues Guidance on the Electric and Hybrid Vehicle Road Usage Fee
The Louisiana Department of Revenue has issued a bulletin notifying taxpayers of the road usage fee to be applied to …
Income and Business Activity Taxation of Cryptoassets: Multistate Nexus and Apportionment Concerns
Over the past eighteen months, the cryptocurrency market has weathered both extreme volatility and the revelation that cryptocurrency transactions once …
Maryland Comptroller Provides Guidance on Private Letter Rulings Procedures and Administration
By Saleem A. Shareef The Maryland Comptroller’s Office has adopted new regulations (Md. Regs. Code §§ 03.01.05.01 through -.07, effective …
Connecticut Governor Announces 2024 Income Tax Changes
Connecticut Governor Ned Lamont has announced that three income tax measures will take effect at the start of 2024, including …
Indiana Announces County Income Tax Rate Changes Effective January 1, 2024
by Chad E. Voss The Indiana Department of Revenue has updated its list of Indiana counties that have adopted income …