United States

The Tax Exchange - August 2017

Ohio CAT situsing: avoiding the hot tin roof with recent guidance

Ohio CAT situsing: avoiding the hot tin roof with recent guidance

Recently, the Ohio Board of Tax Appeals issued a decision addressing the situsing of sales under the state’s Commercial Activity Tax (CAT). In Greenscapes Home and Garden Products, Inc. v. Testa, the board found that an “ultimate destination” test is the key inquiry in determining whether sales of tangible personal property should be sitused to the state.

  • August 07, 2017
Key differences between redemption and sale of partnership interests

Key differences between redemption and sale of partnership interests

There are substantial tax differences between a redemption (a partner is redeemed out by the partnership) and a sale of a partnership interest.

  • August 03, 2017
Republican health care reform efforts blocked in the Senate

Republican health care reform efforts blocked in the Senate

On July 28, 2017, the Senate voted against a Republican health care bill known as the Health Care Freedom Act. The Health Care Freedom Act was the Republican’s latest draft of legislation to modify the Affordable Care Act (ACA).

  • August 01, 2017