CCH Tax Day Report Legislation has been enacted without the governor’s signature that updates Maine’s corporate income and personal income tax federal Internal Revenue Code (IRC) conformity date to December 31, 2016 (the previous conformity date was December 31, 2015). The change applies to tax years beginning on or after January 1, 2016. L.D. 885 […]

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CCH Tax Day Report Fees paid to vendors for software interface development were not subject to Indiana sales tax because the interfaces were services provided by the vendors. Charges for accessing a vendor’s or a third party’s prewritten computer software on the cloud are not taxable if 1) the customer is not transferred the software, […]

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CCH Tax Day Report Hawaii legislation has been enacted that changes the frequency of filing returns of income taxes withheld on wages from monthly to quarterly for all employers, effective January 1, 2018. The frequency for withholding tax payments will not change. An employer whose liability for taxes withheld exceeds $5,000 but does not exceed […]

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CCH Tax Day Report The Colorado Department of Revenue has amended a regulation pertaining to Colorado-source income for nonresidents to clarify that income, regardless of when the payments are received, earned for work or services performed in Colorado is Colorado-source income. The amendments also make clear that once nexus has been established, that nexus will […]

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CCH Tax Day Report President Trump has unveiled his highly anticipated tax reform outline—the “2017 Tax Reform for Economic Growth and American Jobs.” This blueprint calls for dramatic tax cuts and simplification: lower individual tax rates under a three-bracket structure; doubling the standard deduction; and more than halving the corporate tax rate, along with changing […]

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CCH Tax Day Report President Trump on April 26 released a much-anticipated outline of his administration’s tax reform proposals (TAXDAY, 2017/04/27, W.1). Democratic and Republican lawmakers have since been weighing in with their perspectives on tax reform and the outline. House Minority Leader Nancy Pelosi, D-Calif., called Trump’s tax reform outline a “wish list for […]

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