CCH Tax Day Report The Alabama Department of Revenue has revised a chart that reflects the latest information concerning the counties and municipalities that have notified the department regarding their participation in the “back-to-school” sales tax holiday being held from July 21 through July 23, 2017. The updated chart reflects the participation by Anniston, Clayton, […]

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CCH Tax Day Report The House Ways and Means Committee heard from the business community about the proposed border adjustment tax on May 23. House Republicans have proposed a border adjustment tax as a revenue raiser for comprehensive tax reform (TAXDAY, 2017/05/23, C.1). Background In 2016, House Republicans unveiled their “Better Way Tax Reform Blueprint,” […]

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CCH Tax Day Report President Trump unveiled his administration’s fiscal year (FY) 2018 budget proposals on May 23. The FY 2018 budget does not elaborate on tax reform measures but reiterates the president’s call for lowering individual and business tax rates, as well as eliminating the Alternative Minimum Tax (AMT) and the federal estate tax. […]

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CCH Tax Day Report Legislation introduced in the Wisconsin Senate would require certain sellers who are not required to collect Wisconsin sales or use tax (remote sellers) to provide an itemized statement to each of their customers in Wisconsin of their sales to the customer in the previous year. This notice requirement would apply if […]

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CCH Tax Day Report A New York City corporate income taxpayer’s protest against a notice of determination was partially denied as it had substantial intercorporate transactions with its related corporations and was, therefore, required to file combined general corporation tax (GCT) returns. The taxpayer was a wholly owned subsidiary of a corporation that had a […]

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CCH Tax Day Report The New York Tax Appeals Tribunal (TAT) has affirmed an administrative law judge’s decision denying a taxpayer’s claim for a personal income solar energy equipment system tax credit because the taxpayer’s ground source heat pump system was not solar energy system equipment as defined in Tax Law § 606 (g-1) (3). […]

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