Interest Rate for Wynne Refunds Held Constitutional
The Maryland Court of Appeals affirmed that the state’s interest rate for personal income tax refunds under the Wynne case was constitutional. Background on Wynne…
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State Tax Treatment of Opportunity Zone Fund Investments
Most states recognize the federal deferral of gain on qualified opportunity zone investments. A few states limit tax deferral on the gain to in-state qualified…
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States Issue Income Tax Guidance on COVID-19 Telecommuting
States are starting to issue income tax guidance on the impact of employee telecommuting during the COVID-19 emergency. This includes guidance on the impact to…
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Several States Enact or Expand Renewable Chemicals Credits
Over the past few years, many tax incentives and credits have been created to encourage the use of environmentally friendly resources. In fact, three states…
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States Consider Compact to Phase Out Corporate Giveaways
During the 2020 legislative session, several states are considering legislation that would create the Interstate Compact to Phase Out Corporate Giveaways. The goal of the…
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Businesses Face Unexpected State Income Tax Nexus Assertions
Nexus trigger: Remote worker location vs. physical business location What’s changed in the sales compliance world lately? Businesses with employees working from home because of…
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State Coronavirus Filing Extensions
State tax relief in response to the COVID-19 (Coronavirus) pandemic has impacted many taxpayers. The relief has generally included extending filing and payment dates and providing penalty relief. Almost all the states have now responded to the federal extension. Federal Response to COVID-19 Federal…
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Maryland Legislature Passes Tax on Digital Products, Codes
The Maryland General Assembly has passed legislation (H.B. 932) that would impose sales tax on specified digital products and codes effective July 1, 2020. The bill, which passed both houses of the Maryland General Assembly…
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Tax Implications of Worker Classification Under California A.B. 5
A.B. 5 may impact employee or independent contractor status for California workers. Aimed to protect gig workers, it has tax applications. There are different tax…
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March Madness – When Brackets Are Won, Taxes Are Due
As states legalize sports betting, tax implications emerge March Madness is a popular time to fill out your National Collegiate Athletic Association (NCAA) basketball brackets…
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