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Multistate Tax  |  2024 Second Quarter Summary
State Tax Matters
State Tax Matters
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Administrative 

Nevada: Proposed Changes to Voluntary Disclosure Program Rules Include Modified Business Tax
Orig Rel Date: May 3, 2024
New York Appellate Court Says Retroactive Application of Surcharge Violates Due Process
Orig Rel Date: May 31, 2024
Nevada: June 25 Hearing on Proposed Changes to Voluntary Disclosure Program Rules that Include Modified Business Tax
Orig Rel Date: June 6, 2024
South Carolina DOR Addresses Nexus, Lookback for Noncompliance, and Voluntary Disclosure
Orig Rel Date: June 6, 2024


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Income/Franchise 

Idaho: New Law Lowers Corporate and Personal Income Tax Rates from 5.8% to 5.695%
Orig Rel Date: April 5, 2024
New Hampshire: Proposed Rules Reflect IRC §163(j) Decoupling and Market-Sourcing Apportionment for Financial Institutions
Orig Rel Date: April 5, 2024
Ohio: Release Addresses NOL Deductions Available under Municipal Net Profit Tax for TYs 2023 and Onward
Orig Rel Date: April 5, 2024
Oregon: New Law Enacts Conforming Amendments Reflecting Extension of Elective PTE Tax Through to 2026
Orig Rel Date: April 5, 2024
City of Portland Revenue Division Posts Voluntary Disclosure Information on Portland Metro Area’s Business Income Taxes
Orig Rel Date: April 5, 2024
California Office of Tax Appeals Holds that Gain from Sale of LLC Interest is Business Income
Orig Rel Date: April 12, 2024
Minnesota: New Law Postpones Application of 70% NOL Limitation by One Year; 80% NOL Limitation Applies for 2023 Tax Year
Orig Rel Date: April 12, 2024
New Jersey Division of Taxation Explains Adoption of Federal Partnership Tax Audit Regime
Orig Rel Date: April 12, 2024
New Mexico Taxation and Revenue Department Summarizes New Law on Flat Corporate Income Tax Rate and Subpart F Income
Orig Rel Date: April 12, 2024
New York: Trade Association Challenges Validity of New Article 9-A Rule on P.L. 86-272 and Internet Activity
Orig Rel Date: April 12, 2024
Oregon: New Law Updates State Conformity to Internal Revenue Code for Specific Provisions
Orig Rel Date: April 12, 2024
Washington DOR Amends Proposed New Rule on Calculating Capital Gains Tax
Orig Rel Date: April 12, 2024
Georgia: New Law Lowers Corporate Income Tax Rate to Match Individual Income Tax Rate Reductions
Orig Rel Date: April 19, 2024
Kentucky: New Law Updates State Conformity to IRC and Delays Combined Reporting Deferred Tax Liability Deduction
Orig Rel Date: April 19, 2024
Maine: New Law Updates State Conformity to Internal Revenue Code
Orig Rel Date: April 19, 2024
New Jersey Tax Court Allows Taxpayer to Use Market-Based Sourcing for Pre-2019 CBT Years
Orig Rel Date: April 19, 2024
Georgia: New Law Updates State Conformity to Internal Revenue Code
Orig Rel Date: April 26, 2024
New York High Court Affirms Inclusion of Royalty Payments from Foreign Affiliates in Tax Base
Orig Rel Date: April 26, 2024
New York: Enacted Budget Does Not Increase Corporate Income Tax Rate But Does Contain Various Tax Provisions
Orig Rel Date: April 26, 2024
Ohio Board of Tax Appeals Says Locality May Tax Pandemic-Based Telecommuting Under Valid Law
Orig Rel Date: April 26, 2024
Federal: Bill Introduced in US House Seeks to Amend P.L. 86-272 by Defining Solicitation of Orders
Orig Rel Date: May 3, 2024
Alabama: New Law Revises Pass-through Entity-Level Tax Election and Revocation Procedures
Orig Rel Date: May 3, 2024
Iowa: New Law Allows Banks to Elect Inclusion of Investment Subsidiaries on Franchise Tax Return
Orig Rel Date: May 3, 2024
Kansas: New Law Modifies Adjustments Related to §163(j) and NOLs and Revises PTET
Orig Rel Date: May 3, 2024
Minnesota: Amended Return May be Warranted After Law Change to Claim Additional NOL Deduction
Orig Rel Date: May 3, 2024
Montana DOR Proposes Rule Changes Reflecting Elimination of Tax Haven Jurisdictions List
Orig Rel Date: May 3, 2024
Nebraska: New Law Enhances Deductions for Qualified Property and R&D and Addresses Mobile Workforce
Orig Rel Date: May 3, 2024
New Hampshire: Adopted Rules Reflect IRC §163(j) Decoupling and Market-Sourcing Apportionment for Financial Institutions
Orig Rel Date: May 3, 2024
New York City: Public Input Sought on Proposed Rules Implementing Business Corporation Tax
Orig Rel Date: May 3, 2024
Oklahoma: New Law Revises Pass-Through Entity-Level Tax Election Procedure
Orig Rel Date: May 3, 2024
Tennessee DOR Schedules Webinar on Franchise Tax Refunds Pursuant to Bill Repealing Alternative Property Base
Orig Rel Date: May 3, 2024
Arizona DOR Posts Updated FAQ Guidance on Pass-through Entity-Level Taxation
Orig Rel Date: May 10, 2024
California: Receipts from Sale of Subsidiary Assets Must be Excluded from Sales Factor as Substantial and Occasional Sale
Orig Rel Date: May 10, 2024
Florida: New Law Generally Updates State Conformity to Internal Revenue Code
Orig Rel Date: May 10, 2024
Georgia: New Law Reduces Carryforward Periods for Some Credits and Adds Sunset Dates for Others
Orig Rel Date: May 10, 2024
Nevada: Proposed Changes to Commerce Tax Rule Clarify Application of Trade Show Exemption
Orig Rel Date: May 10, 2024
New Jersey: Updated Gross Income Tax Bulletin Reflects CBT Law Changes on Sourcing
Orig Rel Date: May 10, 2024
Tennessee DOR Posts Guidance on Franchise Tax Refunds Pursuant to Bill Repealing Alternative Property Base
Orig Rel Date: May 10, 2024
West Virginia Tax Division Adopts Rules Implementing Elective Pass-Through Entity Tax
Orig Rel Date: May 10, 2024
Wisconsin: Parent Fails to Show Intercompany Royalties Had Business Purpose and Economic Substance
Orig Rel Date: May 10, 2024
Alabama: Parent, Intermediate Holding Company, and Lower-Tier Bank Can’t File Consolidated FIET Returns
Orig Rel Date: May 17, 2024
Colorado: New Law Modifies Requirements for Corporations to File Combined Tax Returns
Orig Rel Date: May 17, 2024
Michigan Department of Treasury Comments on Case Involving Statute of Limitations on Late Unitary Filing
Orig Rel Date: May 17, 2024
Oregon: Taxpayer Must Use Special Industry Apportionment for Some Affiliates and Standard Method for Others
Orig Rel Date: May 17, 2024
Virginia: Noncodified Provisions Related to Intangible Expense “Addback” Statutes Remain in Effect
Orig Rel Date: May 17, 2024
Colorado: New Law Temporarily Lowers Income Tax Rate from 4.40% to 4.25% for 2024 Tax Year
Orig Rel Date: May 24, 2024
Indiana DOR Memo Says Amended Return Filed After IRS Advance Pricing Agreement is Timely
Orig Rel Date: May 24, 2024
Michigan: Taxpayer Holding Investments in REMICs Cannot Claim Business Loss Carryforwards
Orig Rel Date: May 24, 2024
North Carolina: New Law Clarifies Corporate Franchise Tax Changes and Extends PTET Election Date
Orig Rel Date: May 24, 2024
Pennsylvania DOR Seeks to Adopt Rule Changes on Business Income and Sourcing Receipts from Services
Orig Rel Date: May 24, 2024
South Carolina: New Law Updates State Conformity to Internal Revenue Code
Orig Rel Date: May 24, 2024
Tennessee: More Guidance on Franchise Tax Refunds Under Newly Repealed Alternative Property Base
Orig Rel Date: May 24, 2024
Connecticut: CORRECTED - Pending Bill Would Extend NOL Carryforward Period and Create Deduction for Shift to Combined Reporting
Orig Rel Date: May 31, 2024
Missouri Appellate Court Affirms City Earnings Tax Does Not Apply to Remote Work from Outside City
Orig Rel Date: May 31, 2024
Ohio: Couple’s Gain from Sale in Equity Interest of Company Deemed Apportionable Business Income
Orig Rel Date: May 31, 2024
California: IRS Closing Agreement Deemed a Final Federal Determination that Reorganization Was Not Tax-Free
Orig Rel Date: June 6, 2024
Massachusetts: Release Summarizes Single Sales Factor Apportionment for Corporations and Financial Institutions
Orig Rel Date: June 6, 2024
South Carolina: Credit Card Network’s Income Producing Activity is Facilitating Payments Between Merchants and Customers
Orig Rel Date: June 6, 2024
Connecticut: New Law Extends NOL Carryforward Period and Creates Deduction for Shift to Combined Reporting
Orig Rel Date: June 14, 2024
Illinois: New Law Limits NOL Deduction to $500K, Revises Financial Institution Apportionment, and Increases Franchise Tax Credit
Orig Rel Date: June 14, 2024
West Virginia: Reminder: July 1, 2024 Filing Deadline to Claim New Deferred Tax Deduction
Orig Rel Date: June 14, 2024
New Mexico: Court Says Foreign Subs Not Engaged in US Trade or Business Must be Excluded from Unitary Group
Orig Rel Date: June 21, 2024
Rhode Island: New Law Extends NOL Carryforward Period from 5 to 20 Years and Limits PTE Tax Credit
Orig Rel Date: June 21, 2024
Federal: US Supreme Court Affirms Ninth Circuit’s Decision Upholding Constitutionality of Transition Tax
Orig Rel Date: June 28, 2024
Arkansas: New Law Provides Another Corporate Income Tax Rate Reduction by Lowering Top Rate to 4.3%
Orig Rel Date: June 28, 2024
Arkansas: Utilization of Credits Treated Similarly to NOLs on State Returns Filed After Federal Adjustments
Orig Rel Date: June 28, 2024
Hawaii: New Law Updates State Conformity to Internal Revenue Code
Orig Rel Date: June 28, 2024
Hawaii: New Law Revises Some Pass-Through Entity-Level Tax Provisions Including Tax Rate
Orig Rel Date: June 28, 2024
Kansas: New Law Lowers Tax Rates for Some Banks and Financial Institutions
Orig Rel Date: June 28, 2024
Michigan Appellate Court Reverses Lower Court to Hold that Insurance Affiliate Must File as Part of Combined Return
Orig Rel Date: June 28, 2024
Minnesota: Multinational Company Must Use Alternative Apportionment to Account for Foreign Currency Hedging
Orig Rel Date: June 28, 2024
Montana DOR Adopts Rule Changes Reflecting Elimination of Tax Haven Jurisdictions List
Orig Rel Date: June 28, 2024
Oregon: State High Court Affirms that Company’s In-State Activities Exceed P.L. 86-272 Protections
Orig Rel Date: June 28, 2024
Rhode Island: New Bank Tax Law Permits Single Sales Factor Election, Includes Intercompany Expense Addback, and Requires Combined Reporting Information Report
Orig Rel Date: June 28, 2024
South Carolina ALJ Says Bank’s Various Income Streams Must be Sourced Based on Borrower Location and Gain from Stock Sale is Apportionable
Orig Rel Date: June 28, 2024


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Gross Receipts 

Ohio: Proceeds from Sales of Repossessed Property and Repayments of Defaulted Loans are Not Taxable Gross Receipts under CAT
Orig Rel Date: May 17, 2024
Washington: Franchisor Owes B&O Tax on Franchisee Income and Doesn’t Qualify for Realty Rental Exemption
Orig Rel Date: May 17, 2024
Washington: Ultimate Destination-Based Sourcing Did Not Apply to In-State Company Seeking to Apportion Income
Orig Rel Date: May 17, 2024
Washington DOR Adopts Changes to Rule Addressing Sourcing of Services for B&O Tax Purposes
Orig Rel Date: May 31, 2024
Washington: Court Explains Applicable B&O Rate on Transactions Involving In- and Out-of-Network Fuel Card Users
Orig Rel Date: June 6, 2024


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Sales/Use/Indirect 

Arizona: Appellate Court Says Online Retailer Has Nexus During Pre-Wayfair Periods at Issue
Orig Rel Date: April 5, 2024
Arkansas Supreme Court Says Use Taxable Event Triggered Upon Temporary Withdrawal from Inventory
Orig Rel Date: April 5, 2024
Indiana: Posted Bulletins Reflect Removal of 200-Transaction Threshold from Wayfair Economic Nexus Statute
Orig Rel Date: April 5, 2024
Colorado: New Law Seeks to Streamline State and Local Sales and Use Tax Filing Processes
Orig Rel Date: April 12, 2024
Florida: Lower Tax Rate on Commercial Rental of Real Property Triggered as of June 1
Orig Rel Date: April 12, 2024
Utah Letter Ruling Says Online Platform’s Sales of Ad Space are Nontaxable Marketing Services
Orig Rel Date: April 12, 2024
Arizona: New Law Creates Certification Process for Third-Party Service Providers that Determine TPP Transaction Sourcing
Orig Rel Date: April 19, 2024
Indiana: Remote Seller Bulletin Explains Removal of 200-Transaction Threshold from Wayfair Economic Nexus Statute
Orig Rel Date: April 19, 2024
Massachusetts Department of Revenue Adopts Rule on Accelerated Sales Tax Remittance
Orig Rel Date: April 19, 2024
Colorado: New Law Seeks to Help Streamline State and Local Sales and Use Tax Compliance
Orig Rel Date: April 26, 2024
Louisiana Appellate Court Affirms OTCs are Not Subject to Tax as Hotels or Dealers
Orig Rel Date: April 26, 2024
Maine: New Law Allows Businesses to Pay Tax on Certain Purchases Over the Use of Rental Rather than Upfront
Orig Rel Date: April 26, 2024
Texas Comptroller of Public Accounts Re-Proposes Changes to Local Tax Situsing Rule
Orig Rel Date: April 26, 2024
Illinois DOR Explains Remote Seller Economic Nexus and Applying Trailing Nexus on Rolling Quarterly Basis
Orig Rel Date: May 3, 2024
New Mexico: Payroll Services Performed Out-of-State Deemed Incidental to Taxable In-State Employment Services
Orig Rel Date: May 3, 2024
Alabama DOR Proposes Rule Changes on Taxability of TPP Withdrawals from Inventory with Comments Due June 4
Orig Rel Date: May 10, 2024
Colorado: New Law Creates Dispute Resolution Process to Streamline State and Local Sales and Use Tax Compliance
Orig Rel Date: May 10, 2024
Kansas: New Law Includes Internet/Telecom Service M&E Exemption, Manufacturer Coupon Exclusion, and Trade-In Deduction
Orig Rel Date: May 10, 2024
Louisiana: Local Taxation of Music Streaming over Internet Deemed Invalid under ITFA Relative to Comparable Nontaxable Satellite Streaming
Orig Rel Date: May 10, 2024
Massachusetts DOR Explains Position on 2023 Decision Invalidating Directive on Bundled Cell Phone Transactions
Orig Rel Date: May 10, 2024
Nevada: Proposed Rule Changes Help Clarify Remote Seller, Marketplace Seller, and Marketplace Facilitator Responsibilities
Orig Rel Date: May 10, 2024
South Dakota: Taxpayer Asks US Supreme Court if Use Tax Imposition on Equipment’s One-Day Use In-State is Constitutional
Orig Rel Date: May 10, 2024
Texas: Letter Ruling Addresses Taxability of Various Website Design, Development, and Ad Services
Orig Rel Date: May 10, 2024
Wisconsin: Court Reverses Ruling to Hold Online Platform’s Secondary Ticket Sales are Not Taxable
Orig Rel Date: May 10, 2024
Wisconsin: Updated Guidance Says Disregarded Entity May Create Nexus for Owner and Vice Versa
Orig Rel Date: May 10, 2024
Michigan Department of Treasury Says Credit Card Surcharges are Subject to Sales Tax
Orig Rel Date: May 17, 2024
New York: SaaS Provider’s Vendor Management System Fees Deemed Taxable Software Licensing
Orig Rel Date: May 17, 2024
Arkansas Supreme Court Says OTCs Don’t Owe State and Local Hotel Taxes Prior to 2019 Law Change
Orig Rel Date: May 24, 2024
Iowa: New Law Exempts Certain Vehicle Leases / Rentals Between Affiliates from Taxation
Orig Rel Date: May 24, 2024
Michigan: Updated Department of Treasury Guidance Addresses Industrial Processing Exemption
Orig Rel Date: May 24, 2024
New York: Facility Management Subscription Fees Deemed Taxable When Bundled with Prewritten Software
Orig Rel Date: May 24, 2024
Colorado: Online Marketplace’s Subscription-Based Membership Fees for Free Delivery Services are Not Taxable
Orig Rel Date: May 31, 2024
Tennessee: Notice Reflects Adoption of Streamlined Sales Tax Sourcing Provisions Effective July 1
Orig Rel Date: May 31, 2024
Pennsylvania: Purchased Electricity Used in Concrete Producer’s Blending Activities Qualifies for Manufacturing Exemption
Orig Rel Date: June 6, 2024
Arizona Supreme Court Says Rewards Program Reimbursements for Hotel Lodging is Taxable Consideration
Orig Rel Date: June 14, 2024
South Carolina Appellate Court Affirms Store Owes Tax Based on Retail Price of Materials Used in Installation Contracts
Orig Rel Date: June 14, 2024
Utah Letter Ruling Explains Taxability of Services Related to Sales of Online Employee Rewards Programs
Orig Rel Date: June 14, 2024
California: June 27 Tax Workshop Seeks More Public Input on Technology Transfer Agreements
Orig Rel Date: June 21, 2024
Ohio: Upcoming 10-Day Tax Holiday Applies to Broader Base of Transactions and Vendors Must Comply
Orig Rel Date: June 21, 2024
Oklahoma: New Law Creates Temporary Exemption for M&E Used for Commercial Mining of Digital Assets
Orig Rel Date: June 21, 2024
Vermont: New Law Repeals Cloud Software Exemption and Subjects SaaS to 6% Tax as of July 1
Orig Rel Date: June 21, 2024
Arizona: New Law Postpones Date to Establish Certification Process for Third-Party Providers that Determine TPP Transaction Sourcing
Orig Rel Date: June 28, 2024
Michigan Appellate Court Affirms that Use Tax is Due on In-State Company’s Direct Mail Advertising
Orig Rel Date: June 28, 2024
South Carolina High Court Says Durable Medical Equipment Exemption is Unconstitutionally Discriminatory
Orig Rel Date: June 28, 2024


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Unclaimed Property 

Florida: New Law Addresses Virtual Currency and Makes Various Other Changes to Unclaimed Property Provisions
Orig Rel Date: May 10, 2024
Wisconsin: New Law Creates Permanent Voluntary Disclosure Program for Unclaimed Property
Orig Rel Date: May 10, 2024
Connecticut: New Law Addresses Virtual Currency and Makes Various Other Changes to Unclaimed Property Provisions
Orig Rel Date: June 14, 2024
Wisconsin DOR Provides Guidance on Permanent Voluntary Disclosure Program for Unclaimed Property
Orig Rel Date: June 21, 2024


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Property 

Texas: Deadline to Apply for New Medical or Biomedical Property Tax Exemption is April 30
Orig Rel Date: April 26, 2024
Texas: Silo Systems Used in Fracking Qualify for Favorable Heaving Equipment Classification
Orig Rel Date: April 26, 2024
Rhode Island: City of Providence Announces 60-Day Amnesty Program for Tangible Taxes that Potentially Waives Interest
Orig Rel Date: May 10, 2024
Colorado: New Law Lowers Commercial Property Valuation for Assessment to 25% of Property’s Actual Value
Orig Rel Date: May 17, 2024
California: Transfer of Real Property from Corporation to Trust Triggers Change in Ownership
Orig Rel Date: June 6, 2024
Oregon Tax Court Magistrate Rejects “Dark Store Theory” Valuation of Big-Box Retail Store
Orig Rel Date: June 28, 2024


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Other/Miscellaneous 

Florida: New Law Creates Temporary Refundable Insurance Premium Tax Credit for Insurers
Orig Rel Date: May 24, 2024


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Administrative

Income/Franchise

Gross Receipts

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Unclaimed Property

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