Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax rates, creates an income and personal property replacement tax addback for the federal domestic production activities deduction under IRC §199, expands the definition of “unitary business group,” extends the sunset date for the research and development income […]

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With the Illinois House’s vote to override Gov. Bruce Rauner’s veto of budget legislation, sales and use tax law changes were enacted including an exemption for graphic arts machinery and equipment, an immediate increase of tax on gasohol sales, and an extension of exemptions for certain ethanol and biodiesel fuel sales. Graphic Arts Machinery and […]

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Delaware Gov. John Carney has signed legislation that increases the maximum corporation franchise tax computed using either the authorized shares method or the assumed capital value method from $180,000 to $200,000 each taxable year. A new maximum tax of $250,000 applies to certain large, publicly-traded corporations identified by the Secretary of State. These franchise tax […]

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A taxpayer that was an out-of-state online retailer of brand name apparel and accessories was not liable for retailing business and occupation (B&O) and retail sales tax because its activities were insufficient to establish a nexus with Washington. The taxpayer asserted that the Washington activities of its wholesaling affiliate were insufficient to establish taxable nexus. […]

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For New Hampshire property tax purposes, any city or town in the state may adopt a new construction exemption for commercial or industrial uses, or both. The exemption applies only for municipal and local school property taxes assessed by the municipality and shall exclude state education property taxes and county taxes assessed against the municipality. […]

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Legislation has been enacted that provides that usual and customary delivery charges that are stated separately from the sale price are not subject to Missouri sales and use tax. S.B. 16, Laws 2017, effective August 28, 2017

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