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SALT Savvy Blog

Articles: 1-10 of 50

Pennsylvania Bill Seeks to Reverse Department’s Questionable Position On Full Expensing

USA - February 12 2018 Under the Tax Cuts and Jobs Act of 2017 (“Federal Tax Reform”), Internal Revenue Code (“IRC”) section 168(k) provides 100% immediate expensing for…

FOILed Subpoena: Public Interest Privilege Held to Offer Similar Protection to FOIL Exemption in New York

USA - January 11 2018 The New York Division of Tax Appeals recently held that the judicially developed public interest privilege offers the New York Department of Taxation…

Taxpayers and States Respond to Tax Reform’s Limitation on Individual SALT Deductions

USA - December 29 2017 With the 2017 Tax Cuts and Jobs Act (“Tax Reform”) fully enacted, taxpayers and practitioners are racing to find last-minute planning opportunities…

Indiana Tax Court Rejects Department’s Long-Standing Market-Based Application of Indiana’s Costs of Performance Sourcing Statute

USA - December 22 2017 The Indiana Tax Court recently ruled in favor of The University of Phoenix, Inc. (“University of Phoenix”) on an important issue of first impression…

State Corporate Income Tax Considerations of Federal Tax Reform

USA - December 20 2017 On December 15, 2017, the conferees working on reconciling the differences between the House and Senate versions of the Tax Cuts and Jobs Act (“Tax…

Massachusetts Promulgates Controversial Remote Vendor Nexus Regulation; Virginia E-Commerce Retailer Files Suit Protesting Constitutional Overreach

USA - October 30 2017 On September 22, 2017, the Massachusetts Department of Revenue (the “Department”) officially promulgated a remote vendor sales tax nexus regulation…

Has the Soda Tax Lost its Pop?

USA - October 24 2017 Cook County, Illinois lawmakers recently voted to repeal the nation’s largest soda tax only two months after it went live (the repeal scheduled to be…

The New Norm For Abandoned and Unclaimed Property in Delaware

USA - October 23 2017 Since the beginning of 2017, Delaware’s abandoned and unclaimed property law has undergone continuous statutory and regulatory changes, e.g., the…

New Jersey “Preserves” Ability to Tax Out-of-State Corporate Limited Partners

USA - October 18 2017 Nexus expansion continues to be a hot topic in state and location taxation. States have become increasingly aggressive in subjecting entities without…

Florida’s Sourcing of Receipts from Services - A Trap for the Unwary Or An Opportunity for the Advised?

USA - October 3 2017 The Florida Department of Revenue (the “Department”) recently published Technical Assistance Advisement No. 17C1-004 (decided Apr. 17, 2017, published…