New York Updates and Adds New Information on the Pass-Through Entity Tax.
by Jill C. McNally The Pass-through Entity Tax (PTET) is an elective tax imposed on an electing entity’s pass-through taxable …
Michigan Revises Sales and Use Administrative Rules
by Peter G. Pupke The Michigan Department of Treasury has adopted a general revision of its sales and use administrative …
New Jersey Discusses Implementation of Convenience of Employer Rule
by David Engel The New Jersey Division of Taxation has issued initial guidance on the adoption of the convenience of …
Illinois Enacts Hydrogen Fuel Replacement Tax Credit
by Krista A. Cohane On July 25, 2023, Illinois Governor JB Pritzker signed legislation to tackle climate change by enacting …
Wisconsin Governor Signs 2023-25 Biennial Budget Bill
by Samantha A. Fong On July 5, 2023, Governor Tony Evers signed legislation enacting the state operating budget for the …
California Enacts Restructured Managed Care Organization Provider Tax
by Saleem A. Shareef On June 29, 2023, California Governor Gavin Newsom signed legislation that restructures the Managed Care Organization …
Kansas Issues Guidance Regarding Delivery Fees Charged by Retailers
by Ashleigh M. Paige The Kansas Department of Revenue has issued a notice regarding L. 2022, H2136, effective from and after …
Maryland Comptroller Provides Guidance on the Sales and Use Taxation of Cannabis
by Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on the sales and use taxation of cannabis including …
Connecticut Governor Signs Budget Bill Enacting Personal Income Tax Cuts and Extending Corporate Surcharge
by Teresa Callahan Connecticut Governor Ned Lamont has signed the state budget bill for the fiscal years 2024 and 2025, …
Colorado Enacts Legislation Changing Corporate and Pass-Through Entity Reporting Requirements
by Tyna Mikulec On June 1, 2023, Colorado Governor Jared Polis signed legislation changing the following reporting requirements for business …