State Tax Headlines

The impact of the newly designed 2018 federal Form 1040 on corresponding state individual income tax returns varies. Taxpayers may not see many changes to…

States across the country are throwing a sin tax party and the guests of honor are vaping, recreational marijuana, and sports betting.  Each of these…

Tax treatment of retirement, pension, and Social Security income varies widely from state to state. a question a growing number of baby boomers who are…

A Wyoming sales and use tax exemption has been authorized for broadband internet service infrastructure. Broadband Internet Service Exemption Sales of equipment to a telecommunications…

New Mexico legislation has been introduced that would, among other changes: – require corporate income tax combined reporting and implement market-based sourcing; and – broaden…

Beginning with tax year 2018, Michigan allows electronic filing of fiduciary income tax returns. However, Michigan will not accept electronic payments of fiduciary income tax…

Utah has amended its IRC §965 repatriation tax provisions. It has changed: the definition of “unadjusted income”; and the schedule for a corporation to pay…

The Kansas BOTA ruled that an Internet service provider was correctly assessed sales and use tax on its equipment purchases. The equipment was used to…

Minnesota Gov. Tim Walz announced a budget proposal that includes: – an expansion of the working family tax credit; – increasing the subtraction for Social…