Indiana Wayfair FAQ Page Talks Enforcement
Indiana intends to enforce sales tax collection laws for remote sellers that meet its economic thresholds on October 1, 2018. Possible Delay in Enforcement Currently,…
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Hawaii County Adopts Surcharge
The County of Hawaii has adopted a 0.25% general excise tax and use tax surcharge. The Hawaii county surcharge is effective from January 1, 2019,…
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Plans Can Use Forfeitures to Fund Future Qualified Matching or Nonelective Contributions
New IRS regulations let employers use plan forfeitures to fund qualified matching contributions (QMACs) or qualified nonelective contributions (QNECs) to retirement plans under the 401(k)…
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Tax Cuts 2.0 Outline Expected Next Week
House GOP tax writers are gearing up to release a “Tax Cuts 2.0” outline next week. The legislative outline of House Republican tax proposals, also…
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Senate Finance Approves Trump’s IRS Commissioner Nominee
The Senate Finance Committee (SFC) advanced President Donald Trump’s nomination of Charles Rettig for IRS Commissioner. The SFC approved the nomination on July 19 by…
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New Jersey Residential and Parking Project Credit Increased
New Jersey legislation amends the grant and corporate income tax credit program for certain residential redevelopment and mixed-use parking projects. Specifically, the legislation: increases the…
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Missouri Passes First-Time Home Buyer Deduction
Beginning January 1, 2019, Missouri allows residents to: open first-time, home buyer savings accounts; and deduct contributions to the accounts on their income tax returns.…
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Maryland Issues Wayfair Guidance
Maryland issued guidance for online sellers after the recent decision in South Dakota v. Wayfair, Inc. advising them to review the decision. Wayfair struck down the requirement that…
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Wyden Report Critiques GOP’s Tax Reform
The Senate Finance Committee’s (SFC) leading Democrat has released a report critiquing Republicans’ 2017 overhaul of the tax code. The report, focusing primarily on international…
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Minnesota Hosting SST Meeting to Discuss Wayfair
Minnesota is hosting an emergency Streamlined Sales Tax (SST) meeting on July 19, 2018, to discuss South Dakota v. Wayfair, Inc. On July 25, 2018, Minnesota…
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