Ideas & Insights

Shedding light on recent Texas tax law developments and how the business environment can impact taxpayers in any state.

Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Tax bills provide Paycheck Protection Program conformity and revise pass-through entity election for s corporations.

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.

The legislation significantly changes the corporate tax system and exempts certain COVID-19 relief from taxation.

First-of-its-kind gross receipts tax imposed on businesses deriving revenue of at least $1 million from digital advertising in Maryland.

Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.

A new nexus safe harbor is available for remote sellers making under $100,000 of sales to Chicago customers in the previous four quarters.

Iowa taxpayers making computer and computer peripheral purchases have new guidance for determining what items qualify for exemption.

A Nebraska court found that two taxpayers who moved to the U.K. did not intend to abandon their domicile for state tax purposes.

Electing employers may withhold income tax from employee wages as if the wages were earned from work performed at a primary work location.

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.

Businesses with San Francisco activity should be prepared to understand a number of recent changes and updates to city tax law.

New Jersey Gov. Phil Murphy has approved a bill that authorizes over $14 billion in business tax credits and incentives.

Taxpayers should plan accordingly as the states are aware of the increase in accounting methods changes due to recent federal changes.

Georgia has expanded the state jobs tax credit to apply to businesses hiring telecommuting employees in 2020 or 2021.

Four states have adopted or are considering budgets without significant tax increases even considering pandemic shortfalls.

New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.

Looming budget shortfalls coupled with tax-related ballot measures in many states could significantly affect 2021.