|
Tax Developments
Subscribe to this feed
November 30, 2010
The Special Council on Tax Reform and Fairness for Georgians (“Special Council”) has scheduled a December 1, 2010 meeting to begin preparing its recommendations for changes to the state’s tax structure. These recommendations will be presented in 2011 to the Georgia General Assembly.
>More
November 29, 2010
On November 10, 2010, the U.S. Supreme Court (“Court”) heard oral argument in the case of CSX Transportation, Inc. v. Alabama Department of Revenue. At issue in the case is whether “a State’s exemptions of rail carrier competitors, but not rail carriers, from generally applicable sales and use taxes on fuel subject the taxes to challenge” as prohibited discrimination under the Railroad Revitalization and Regulatory Reform Act (“4-R Act”). The lower courts are currently divided on this issue.
>More
November 29, 2010
On November 10, 2010, the Louisiana Department of Revenue (“Department”) issued Revenue Ruling No. 10-003 to clarify the taxability of oil or gas well completion and rework services, including hydraulic fracturing services. >More
October 18, 2010
On October 5, 2010, the Governor of Michigan signed Senate Bill 884 (“SB 884”), which provides for a 45-day tax amnesty (“Michigan Amnesty”) period beginning May 15, 2011 and ending June 30, 2011. The program applies to taxes administered by the Michigan Department of Treasury (“Department”) that were due before January 1, 2010.
>More
October 18, 2010
A drop shipment is when a seller uses a third-party supplier to fill an order, and the supplier also delivers the merchandise directly to the seller’s customer. The Missouri Department of Revenue (“Department”) has issued several Letter Rulings regarding the tax consequences of drop-shipment sales.
>More
September 10, 2010
During its recent session, the Kansas Legislature passed a tax amnesty bill. Although the Governor vetoed several provisions of Senate Bill 572 (“SB 572”), the tax amnesty program (“Program”) was not vetoed. The Governor signed the bill on May 27, 2010.
>More
September 10, 2010
As originally signed into law, effective July 1, 2010 and subsequently extended to October 1, 2010, New Jersey’s unclaimed property law requires companies holding a variety of unclaimed funds to report and remit the funds to the state after a statutory period of “dormancy” or inactivity. The recent amendments have expanded this law to include gift certificates, gift cards, and stored-value cards (SVCs), mandating that issuers turn over to state custody any unused balances on such instruments after two years of inactivity.
>More
July 09, 2010
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 for audit dispute resolution.
>More
June 23, 2010
On May 27, 2010, both houses of the Illinois Legislature passed Senate Bill 377 (“SB 377”), which provides for a tax amnesty program (“Program”). The Program is designed for all taxpayers who owe any Illinois state tax collected by the Department of Revenue (“Department”).
>More
June 23, 2010
On June 7, 2010, New Mexico announced its 2010 amnesty program (“Program”), “New Mexico Tax Relief.” The Program, which began June 7, 2010 and ends September 30, 2010, offers a waiver of interest and penalties on taxes due prior to January 1, 2010.
>More
June 23, 2010
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 July 1, 2010 and ends September 30, 2010.
>More
June 11, 2010
Georgia Governor Sonny Perdue has signed legislation reforming the state’s property tax appraisal process, giving property owners more options and time to appeal a Notice of Assessment.
>More
May 06, 2010
Florida lawmakers have approved a bill authorizing the state’s first tax amnesty program (“Program”) since 2003. House Bill 5801 was approved by both chambers on April 30, 2010, the closing day of the Florida Legislature’s 60-day session. It now awaits action by Florida Governor Charlie Crist.
>More
May 03, 2010
Retailers and wholesalers that sell products manufactured by foreign affiliates may not qualify for the lower "retail/wholesale rate" under the revised Texas franchise tax, according to a new tax policy statement published by the Texas Comptroller of Public Accounts ("Comptroller") on April 14, 2010.
>More
April 28, 2010
Washington Governor Christine O. Gregoire has signed into law a bill reversing the effects of Puget Sound National Bank v. Department of Revenue, 868 P.2d 127 (Washington 1994), the 16-year old seminal case that established the right of an assignee of a debt instrument to recover sales tax paid to the state when the debtor defaults.
>More
April 05, 2010
Georgia’s legislative leadership is lining up behind a House Bill filed this week aimed at overhauling the state’s tax system. House Bill 1405 would create the “2010 Special Council on Tax Reform and Fairness for Georgians” (“Special Council”), tasked with initiating a study this summer of the state’s current revenue sources and base revenue structure.
>More
March 30, 2010
Colorado Governor Bill Ritter has signed into law a sweeping tax package aimed at raising almost $150 million over the next two years by suspending or ending a variety of tax exemptions.
>More
March 26, 2010
Some Michigan Single Business Taxpayers (SBT) may not have to meet the challenge of preparing a quarterly reserve for potential post filing SBT consequences. Before adjourning for its spring recess, the Michigan Senate unanimously (38-0) passed House Bill 5937.
>More
March 16, 2010
The Washington Board of Tax Appeals (BTA) recently ruled that a software developer was eligible for a high-technology credit against its Business and Occupation (B&O) taxes because it timely filed the required annual surveys.
>More
January 13, 2010
The Missouri Department of Revenue (the “Department”) issued guidance regarding the impact of the Missouri Supreme Court’s decision in ICC Management, Inc. v. Director of Revenue, 290 S.W.3d 699 (Mo. Banc 2009) on the resale exclusion from the state sales and use tax.
>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.
|
Ohio Amnesty Ends June 15, 2012.
June 15, 2012 is the last day taxpayers can take advantage of Ohio’s Tax Amnesty Program (“Program”). The Program allows taxpayers to obtain penalty and...
>More
|