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Multistate Tax  |  August 2, 2024
State Tax Matters
State Tax Matters
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Multistate Tax Alerts

Throughout the week, we highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other interested persons. Read the recent alerts below or visit the archive.



No new alerts were issued this period. Be sure to refer to the archives to ensure that you are up to date on the most recent releases.



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In this issue

State Mergers and Acquisitions, Part 2 – Non-Income-Tax Types


Massachusetts: New Law Authorizes 60-Day Amnesty Program During FY 2025 with Potential 100% Penalty Waiver


Federal: DC Circuit Addresses Sale of Partnership Interest by Nonresident Alien Connecticut: Summary of New Law Extending NOL Carryforward Period and Modifying Net Deferred Tax Liability Deduction Illinois DOR Explains New Law Limiting NOL Deduction to $500K and Resulting Estimated Payment Implications Illinois DOR Denies Alternative Apportionment Request to Include Royalties in Sales Factor Illinois DOR Adopts Rule Amendments Reflecting New Law Pertaining to Investment Partnerships Rhode Island DOR Summarizes Newly Extended NOL Carryforward Period and Bank Tax Law Changes South Carolina Appellate Court Affirms that NOL Carryforward Deduction is Not Permitted for Bank Tax Purposes


Washington Appellate Court Withdraws B&O Tax Ruling on Rates for In- and Out-of-Network Fuel Card Users


Iowa: Adopted Rule Changes Address Resale and Manufacturing Exemptions, Bundled Transactions, and Intercompany Sales South Carolina DOR Addresses Recent Decision Declaring Durable Medical Equipment Exemption Void Tennessee: Updated Marketplace Facilitator Notice Reflects New Sourcing Rule as of July 1


Minnesota Tax Court Says Pandemic Impacted Office Tower’s Market Capitalization Rate for Valuation Purposes Missouri Ruling Rejects Use of Vacant Stores as Comparables in Big-Box Retail Store Valuation


District of Columbia: Vesting of Real Property in Merger Triggers Transfer and Recordation Taxes


No new alerts were issued this period. Be sure to refer to the archives to ensure that you are up to date on the most recent releases.




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