State Tax Headlines

States take different approaches to the tax treatment of retirement, pension, and Social Security income. Some states: impose no income tax on retirement, pension, and…

New Jersey has enacted legislation creating: an elective entity-level alternative income tax for pass-through businesses; andan offsetting credit for taxpayers who receive income from a…

A big box retailer with an online marketplace that sold items for third-party retailers was not a “dealer”  and did not have to report Louisiana…

Pennsylvania’s net loss carryover (NLC) flat deduction cap was severed from the Pennsylvania tax code for 2001 and 2006. There were two separate cases brought…

Effective for tax years beginning after 2019, a corporation must use market-based sourcing rules to: apportion income from sales to North Carolina and other states…

Since President Trump announced that he had changed his residence to Florida, there has been increased interest in the idea of switching from a high-tax…

What is the current state of cannabis taxation in California? State cannabis taxes contribute to California’s economy, the 5th largest in the world. So how…

In 2019, the Colorado income tax rate will be reduced from 4.63% to 4.50%. This temporary rate reduction is permitted under the Taxpayer’s Bill of…

Massachusetts amended its rules on corporate excise tax nexus. The rules explain the standards Massachusetts follows when exercising tax jurisdiction over corporations doing business in…

States have been slow to adopt the qualified business income deduction, also known as the pass-through income deduction. Only a handful of states allow individuals,…