State Tax Headlines

Virginia will provide tax relief to those individuals and businesses in Florida and Georgia affected by Hurricane Irma. The Department of Taxation offers extensions and…

Interest income from payment-in-kind notes (PIK notes) was non-business income and not apportionable in New Mexico under the Uniform Division of Income for Tax Purposes…

The Court of Civil Appeals has affirmed the circuit court in upholding the decision of the ALJ that allowed members of an Alabama affiliated group…

A South Dakota law that required out-of-state retailers to collect and remit sales tax on internet sales was struck down by the South Dakota Supreme…

A taxpayer was required to include interest paid to both U.S. and foreign related companies on its Alabama business income tax return. The interest payments…

Gov. Bruce Rauner has signed legislation that reinstates the Growing Economy Tax Credit Act (EDGE credit) program until June 30, 2022. In addition, the legislation…

A parent company could deduct 80% of dividends it received from a domestic subsidiary that had less than 20% of its business activity in the…

In Ohio, the sale-leaseback price of an office building does not reflect the market value of the building for property tax purposes. The Ohio Supreme…

The Florida Department of Revenue has extended certain tax filing deadlines due to Hurricane Irma. The extensions apply to businesses that are registered with the…

Virginia will provide extensions and penalty waivers to taxpayers who are unable to meet their filing and payment obligations because of Hurricane Harvey. Virginia Tax…