State and Local Tax
Thousands of jurisdictions, one place for answers
RSM’s dedicated state and local tax (SALT) professionals collaborate across specialties and regions to provide you with a local touch, backed by the support of a national firm. Our approach starts with understanding your business – your operations, challenges and plans for the future – then developing a holistic SALT planning and compliance program to help you meet your goals and control your expenses. Our specialty practices are:
- Sales and Use Tax
- Income and Franchise Tax
- Multistate Credits and Incentives
- Property Tax
- Payroll and Employment Tax
- Unclaimed Property
In addition to services provided by these practice groups, we also offer general SALT services, such as state tax analysis and resolution (nexus) and SALT controversy.
District of Columbia adopts second round of emergency legislation necessary to preserve 2016 reduced franchise tax rate.
Vermont adopts economic nexus standard for sales and use taxes; Colorado-style reporting requirements for other remote sellers.
Texas comptroller proposes retroactive rule amendments to narrow the application of the reduced retailer/wholesaler franchise tax rate.
Arizona enacts broadly applicable tax amnesty that provides for complete waiver of interest and penalties.
Mississippi legislation phases out the franchise tax and phases in a personal income tax exemption on the first $5,000 of taxable income.
Arizona Gov. Doug Ducey completes action on all legislation passed this session, including a number of tax bills.
Tennessee enacts Hall income tax phase-out legislation with annual tax rate reductions contingent on state revenue growth exceeding 3 percent.
Colorado department responds to taxpayer’s request in determining LLC filing responsibilities.
Private equity companies have become inundated with state income tax issues as portfolio company investments have shifted to partnerships and LLCs.
The combination of sales factor presence standards and market-based sourcing for receipts from sales of services can create significant problems.
Connecticut legislature passes bills to implement market-based sourcing and unified apportionment methodology.
Oklahoma Governor signs remote seller sales tax bill implementing attributional nexus rules and disclosure requirements.
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