CCH Tax Day Report Enacted Montana legislation adopts market-based sourcing for apportionment purposes under the corporate income tax, applicable to tax years beginning after December 31, 2017. Under the provisions, receipts (other than from sales of tangible personal property) are considered to be in Montana if the taxpayer’s market for the sales is in Montana […]

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CCH Tax Day Report Legislation has been enacted that amends the job creation tax credit available against Maryland corporation, personal and insurance premium tax liabilities, applicable to job creation tax credits certified after December 31, 2017. Amendments increase the value of the tax credit to (1) $3,000 (from $1,000) times the number of qualified employees […]

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CCH Tax Day Report The Alabama Tax Tribunal held that a manufacturer of steel plates and other heavy steel products was entitled to a refund of sales and tax paid on its purchase of work rolls that were used in the production of steel products. A preliminary opinion and order was entered in this matter […]

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CCH Tax Day Report Several bipartisan Senate lawmakers have sent a letter to Treasury Secretary Steven Mnuchin and IRS Commissioner John Koskinen concerning Qualified Student Loan Bonds (QSLBs) and their role in solving what the lawmakers characterize as “the growing student debt problem in this country.” The letters request technical clarifications regarding the use of […]

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CCH Tax Day Report An out-of-state shooting sports products distributor was liable for Washington business and occupation tax on its wholesale sales because the distributor was found to have substantial nexus with Washington. The distributor’s nonresident representatives entered into Washington a maximum of three times per year visiting customers over the course of two to […]

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CCH Tax Day Report An Internet company was not required to collect and remit Utah sales tax from purchasers of products sold via the company’s website (marketplace) or on its sales of services to vendors offering products for sale on the marketplace. Under Utah law, the collection and remittance requirements are generally imposed on a […]

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