New Jersey Looks to Codify Corporation Business Tax Nexus Standards
By David Engel The New Jersey Division of Taxation has proposed codifying its corporation business tax nexus standards in regulation …
Louisiana Issues Guidance on Use Tax on Vehicles Registered by New Residents
The Louisiana Department of Revenue has issued guidance on the calculation of use tax on vehicles registered by new residents. …
Arizona Supreme Court Allows Negative Valuation of Electric Plant
By Maria T. Albanese The Supreme Court of Arizona held that the valuation for a reduced plant in service cost …
On Menu of Tax Reform Options: Cutting SALT Deduction
As tax discussions ramp up, Republicans have compiled a lengthy menu of options, including five that would revise the deduction …
New Mexico Advises on Gross Receipts Tax Liability for Marketplace Providers
By Lisa Lopata The New Mexico Taxation and Revenue Department (TRD) issued a ruling to a marketplace provider discussing gross …
California Provides Tax Relief for Los Angeles County Due to January 2025 Palisades Fire
By Saleem A. Shareef California Governor Gavin Newsom has announced that the California Franchise Tax Board (FTB) and the California …
What Expiration of the SALT Cap Would Mean for Pass-Through Entity Taxes
The federal limit on state and local tax deductions, known as the SALT cap, is set to expire for tax …
Missouri Announces 2024 Corporate Income Tax Year Changes
The Missouri Department of Revenue has announced corporate income tax year changes, effective for the tax year beginning January 1, …
Louisiana Constitutional Referendum Would Amend Numerous Tax Provisions
Legislation establishing a constitutional referendum, pending voter approval at a statewide election to be held March 29, 2025, has become …
Will the U.S. Supreme Court Clarify Application of P.L. 86-272?
As previously reported, a tobacco manufacturer seeks U.S. Supreme Court review of an Oregon ruling that its activities were not protected …