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Tax Developments

October 25, 2002
Substantiating obsolescence claims in the assessment process is a difficulttask for tax practitioners. It has typically been a challenge to convinceassessment officials that the standard cost approach methodology used bytheir jurisdiction may not necessarily reflect depreciation from all sourcesand therefore may not result in fair market value. >More

August 15, 2002
The State of Ohio recently adopted into law Senate Bill 200 ("SB 200") which makes Ohio's tax law More >> "taxpayer friendly" and, in part, increases efficiency in the sales and use tax refund process. Effective September 6, 2002, SB 200 allows consumers to apply directly to the Ohio Department of Taxation (the "Department") for sales and use tax refunds, thus eliminating the step of going through a vendor to obtain a refund. >More

July 19, 2002
The California State Board of Equalization (“SBE”) recently adopted Sales & Use Tax Regulations that potentially provide sales and use tax refund and planning opportunities resulting from Heather Preston v. State Board of Equalization (2001) 25 Cal. 4th 197. >More

May 31, 2002
The Georgia Legislature has passed a bill that will amend Official Code of Georgia Annotated ("O.C.G.A") §48-8-3 (68), concerning sales and use tax exemptions for the sale or lease of certain computer equipment to high technology companies. >More

April 12, 2002
Measuring external obsolescence is a central issue in valuing complex property for ad valorem taxation. Because specialized complex properties are particularly sensitive to external conditions, accurate measure of external obsolescence is critical to achieving a fair property tax valuation.  >More

March 12, 2002
The Ohio 124th General Assembly recently passed Amended Substitute House Bill 405, which made significant changes in the way Ohio sales and use tax is applied to the lease of motor vehicles, watercraft, outboard motors, and aircraft. The change in the law also applies to leases of tangible personal property used for business purposes. >More

January 25, 2002
Ryan & Company's Dispute Resolution Group recently obtained a proposed decision in Comptroller's Hearing No. 40,243 holding that prior to October 1, 1997, a tire recycling system that fed waste tires as fuel into the kilns at a cement-making plant qualified for exemption as manufacturing equipment. >More

January 04, 2002
The Illinois Department of Revenue recently issued draft regulations on a variety of sales and use tax issues including the manufacturing and graphics arts equipment exemptions, vending machine sales, manufacturers purchase credit requirements, telecommunications definitions, and administrative procedures. >More

The Ryan Tax Gateway® is a free service provided to tax professionals. Ryan disclaims responsibility for applying the information contained on these sites to any specific set of facts. For questions and suggestions, please e-mail info@ryan.com.
TAX DEVELOPMENTS
Louisiana Department of Revenue Announces Formation of the Audit Protest Bureau.
On June 24, 2010, The Louisiana Department of Revenue (“Department”) announced the formation of the Audit Protest Bureau (APB) to give taxpayers a new avenue... >More

Nevada Lawmakers Approve 2010 Tax Amnesty.
Nevada’s Assembly Bill No. 6, which was signed by the Governor on March 12, 2010, provides for a tax amnesty program (“Program”). The Program begins... >More
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