In a Chief Counsel Ruling, the California Franchise Tax Board (FTB) ruled that, under the corporation franchise and income tax apportionment rules, a taxpayer that contracts with health plans to manage and administer certain non-marketing services that the health plans are contractually obligated to provide to their clients and members must assign the sales of […]

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The Seattle City Council has approved legislation (Council Bill 119002) to impose a personal income tax at the rate of 2.25% on income over $250,000 per year for individuals or $500,000 per year for married couples filing jointly, applicable to income earned beginning in 2018. Seattle Mayor Ed Murray has indicated that he plans to […]

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Gov. Jay Inslee has signed legislation that modifies renewable energy system tax incentives. The legislation reduces the maximum incentive rate provided for each kilowatt-hour of electricity generated by a renewable energy system over the period of the program. An incentive to promote installation of systems is provided through 2021. For investment cost recovery incentive payments, […]

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Enacted New York legislation creates the Lake Ontario and Connected Waterways Assessment Relief Act, which provides for property assessment relief in the form of a reduced assessment for owners that have incurred damage from the flooding events during the spring of 2017 in upstate New York along Lake Ontario and the St. Lawrence River. Eligible […]

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A majority of Missouri residents and small business owners will see their personal income tax bills go down in 2018, according to Missouri Sen. Will Kraus. Pursuant to S.B. 509, Laws 2014, beginning in 2017, if net general revenue collected in the previous fiscal year exceeds the amount collected in any one of the three […]

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Legislation has been enacted that modifies various provisions relating to local Missouri sales taxes, as discussed below. Zoological sales tax: The legislation provides that a local sales tax approved after August 28, 2017, by voters in St. Louis City or St. Louis County for the purpose of funding zoological activities and zoological facilities must not […]

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