A Missouri legislator pre-filed House Bill No. 244, which would require, beginning January 1, 2022, use tax nexus for remote vendors if their cumulative gross receipts from sales of tangible personal property, digital goods, and services to purchasers in Missouri is at least $100,000 annually. The bill would also require, beginning no later than
Policy and Legislation
Tax on Broadband Service Providers is New York’s Newest Bad Idea
By Nikki Dobay & Michael Hilkin on
Companion bills recently introduced in New York State (A. 11180 and S. 9112) would impose a temporary tax on businesses that provide broadband internet access service. Revenues generated from the tax would be earmarked to fund the provision of broadband internet access services to students in the state during the COVID-19 pandemic.…
California’s Three-Member Franchise Tax Board to Consider Proposed Market-Based Sourcing and Alternative Apportionment Regulations at December Meeting
By Nikki Dobay, Timothy Gustafson & Annie Rothschild on
On December 18th, the three-member Board of the Franchise Tax Board (FTB) will hold its final quarterly meeting of 2020. At the meeting, the Board will consider the 2021 Rulemaking Calendar. The Calendar contains the agency’s schedules for its administrative rulemaking processes on various regulation projects. Two significant corporate franchise tax regulation projects on…
Tennessee clarifies applicability of marketplace facilitator rules to other taxes
On December 1, 2020, the Tennessee Department of Revenue announced that the filing and threshold requirements for marketplace facilitators and sellers established in Senate Bill No. 2932 – effective October 1, 2020 – do not apply for purposes of the business tax or franchise and excise tax. Rather, the bill’s nexus requirements apply to only…
TEI New York Chapter 57th Annual Tax Symposium
On December 9, Eversheds Sutherland SALT lawyers will present a “SALT Survival Guide” as part of the TEI New York Chapter’s 57th Annual Tax Symposium, held virtually this year.
Presentation topics include:
- Jeff Friedman and Nikki Dobay – Issues that will be addressed by state legislatures and courts in 2021 (presentation materials
…
Washington considers digital advertising tax
Posted in In the News
Washington lawmakers may soon begin debate on a digital advertising tax, prompted by a draft copy of a yet-to-be-filed bill. Washington currently applies its business and occupation tax to digital advertising services under the service and other activities classification (1.5%). This bill would instead subject digital advertising services to the business and occupation tax…
D.C. Council Passes False Claims Act Expansion to Tax Matters on First Reading
Posted in In the News
During the November 17th D.C. Council meetings, the Council marked-up the False Claims Amendment Act of 2020 and passed it on first reading by an 8-5 vote. The bill now moves to second – and final – reading as soon as December 1st. If passed, the bill would expand the D.C. False…
Legal Alert: New York tax reform to impact captive insurance companies
In January, New York Governor Andrew Cuomo proposed broad corporate tax reform in his budget bill, which is currently winding its way through the legislature. The most significant proposal is a shift from a separate entity reporting regime to a full unitary combined group reporting regime. As part of this combined reporting methodology, the proposal…