News & Analysis as of

State Taxes

Choices for Illinois Taxpayers in Implementing the 2017 Income Tax Rate Increase

by McDermott Will & Emery on

Last year, Illinois enacted a mid-year income tax rate increase. Effective July 1, 2017, Illinois increased the income tax rate for individuals, trusts and estates from 3.75 percent to 4.95 percent, and for corporations from...more

Connecticut Responds to the Federal Repatriation Tax

by McDermott Will & Emery on

Earlier this month, Connecticut Governor Dan Malloy released his Governor’s Bill addressing the various state tax implications of the federal tax reform bill enacted by Congress in December 2017, commonly referred to as the...more

Taxing Decision

by Akerman LLP on

For years, state officials have wrung their hands in frustration because they haven't been able to tax most online retail sales. By some estimates, states could collect an extra $211 billion over the next five years in sales...more

More Planning Tips for Individuals Under New Tax Act

by Ruder Ware on

As Shanna Yonke mentioned in her January 22, 2018 Legal Update The New Tax Law Provides Estate Planning Opportunities, President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. The Act (officially,...more

2018 Federal and Maryland Legislation Changes Regarding Estate and Gift Tax

by Pessin Katz Law, P.A. on

An abundance of tax legislation was signed into law in the final days of 2017. In terms of estate and gift tax, here is what individuals need to keep in mind: Under the new law, which took effect on January 1, 2018, the...more

Michigan Property Tax and Civil Tax Collection Suits

by Dickinson Wright on

Civil suits to collect property taxes as an in personam debt are now limited to the person who owned the property when the tax became due, but the Michigan act does not completely prevent collection of property taxes as an in...more

Dramatic Change to Federal Estate, Gift and Generation-Skipping Tax Exemptions

• Each individual’s exemptions from federal estate, gift and GST taxes have roughly doubled to approximately $11,200,000 • The increased exemptions are available only temporarily, through 2025 • We recommend that you...more

Gold Dome Report - February 2018 #8

Happy Valentine’s Day to our readers! While chocolates and flowers poured through the doors of various offices in the State Capitol today, lawmakers were working on a number of important issues, including delving deeper into...more

Supreme Court To Decide How Sales Taxes Apply To Online Retail Activity

by Fox Rothschild LLP on

The Supreme Court recently granted certiorari in South Dakota v. Wayfair Inc., a case that could dramatically change how sales taxes apply to online retail activity. Under the Supreme Court’s current precedent in Quill Corp....more

Gold Dome Report - February 2018 #6

Lawmakers hit the ground running today with Legislative Day 19, riding on good news on tax revenues that emerged late last week. On Friday, Governor Deal announced that the state’s tax revenues for the month of January were...more

Pennsylvania Imposes New Withholding and Reporting Requirements on Compensatory Payments to Non-Resident Directors

Pennsylvania businesses are now required to withhold and report on compensatory payments to non-employee Directors who do not reside in Pennsylvania (Non-Resident Directors). These changes went into effect on January 1, 2018....more

Some Online Sellers of Goods to Pennsylvania Buyers May Need to Take Action by March 1, 2018

by Blank Rome LLP on

Out-of-state sellers of sales-taxable goods to Pennsylvania customers may need to file an election form with the Pennsylvania Department of Revenue by March 1, 2018, agreeing to follow Pennsylvania’s new reporting and notice...more

Gold Dome Report - February 2018 #5

House members have begun working in earnest on the FY 2019 Budget with several Subcommittees of the House Appropriations Committee soliciting testimony on the Governor’s budget proposal. Meanwhile, the General Assembly awaits...more

Parking Spaces – Should Your Association Be Charging And Collecting Sales Tax?

by Husch Blackwell LLP on

Yes! Thankfully, if the association has not been doing so, there is a way to reduce your back-tax liability, interest and penalties. Do you have parking that is rented out by the Association? Do you charge different...more

Tax Reform: The Impact On Real Estate

by Akerman LLP on

The new tax law commonly referred to as the “Tax Cuts and Jobs Act” (the “Act”) – signed into law on December 22, 2017 – makes far reaching income tax law changes that will impact both commercial and residential real estate....more

Gold Dome Report - February 2018 #4

Legislative Day 17 was billed by some as “Health Day” under the Gold Dome. After the Georgia State Senate took up three health-related bills on its Rules Calendar, members of the House Appropriations Committee heard...more

Deadline Quickly Approaching: Pennsylvania Law Requires Marketplace Facilitators and Remote Sellers to Make Election by March 1,...

by Reed Smith on

By March 1, 2018, certain marketplace facilitators, remote sellers and referrers must make an election to (1) comply with Pennsylvania’s new sales tax notice and reporting requirements or (2) collect and remit sales tax on...more

Worth Another Look – Government That Works

Over the last three budgets, Gov. Wolf has adopted the themes of “schools that teach, jobs that pay and government that works.” Though not using those exact phrases today, in his fourth budget address, Wolf proposed a $32.9...more

Anticipating State Tax Ramifications of Federal Tax Reform

by McDermott Will & Emery on

Due to the current impact and the likelihood that states will consider legislation and agency guidance addressing federal tax reform implications for state business taxes, a united, effective, nationwide advocacy effort is...more

Gold Dome Report - February 2018 #2

The General Assembly returned to work today with a fresh spirit of cooperation. After delaying action Thursday on the compromise version of HB 159, the much-debated adoption bill, the Senate voted 53-2 to approve the...more

Governor’s Budget Address

Today, Gov. Tom Wolf delivered his fourth budget address to a joint session of the Pennsylvania Senate and House of Representatives. This year’s spending plan represents a 3.1% increase over last year’s budget and includes...more

Permanent Place Of Abode, Proximity To One’s Business, And N.Y. Residence

by Farrell Fritz, P.C. on

Over the last month or so, most of the nation’s tax practitioners have been devoting an extraordinary amount of time to analyzing the recently enacted changes to the Code, to understanding the resulting consequences, and to...more

US Tax Reform—Changes Impacting High Net Worth Individuals

by White & Case LLP on

On December 22, 2017, the Tax Cuts and Jobs Act (the "Act") was signed into law, accomplishing the most far-reaching US tax reform in decades. While the Act contains significant changes that will impact all US taxpayers, this...more

Who’s Blowing Up Pennsylvania’s “Marketplace Seller” Law and the Nextel NOL Fix?

by Reed Smith on

A group of fireworks retailers have brought a constitutional challenge to Pennsylvania’s Act 43 of 2017. The retailers are specifically challenging provisions of Act 43 dealing with Pennsylvania’s regulation of fireworks...more

Individual Tax Reform under the New Tax Law

by Blank Rome LLP on

On December 20, 2017, Congress passed its comprehensive tax reform bill, the Tax Cuts and Jobs Act (“the Act” or “the Bill”), which was signed into law by President Trump on December 22, 2017. The Bill represents one of the...more

607 Results
|
View per page
Page: of 25
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.