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State Tax Matters
The power of knowing.
State Tax Matters is a weekly at-a-glance presentation of Deloitte Tax LLP's Multistate Tax practice, edited to the specific interests of our clients. The publication showcases current multistate developments, articles on substantive issues, explanations of key state tax concepts and notification of upcoming organization-sponsored symposiums and forums open to a public audience.
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Recent editions appear below; for older issues please email a request to ustaxnews@deloitte.com.
June 28, 2024
Income/Franchise
- Federal: US Supreme Court Affirms Ninth Circuit’s Decision Upholding Constitutionality of Transition Tax
- Arkansas: New Law Provides Another Corporate Income Tax Rate Reduction by Lowering Top Rate to 4.3%
- Arkansas: Utilization of Credits Treated Similarly to NOLs on State Returns Filed After Federal Adjustments
- Hawaii: New Law Updates State Conformity to Internal Revenue Code
- Hawaii: New Law Revises Some Pass-Through Entity-Level Tax Provisions Including Tax Rate
- Kansas: New Law Lowers Tax Rates for Some Banks and Financial Institutions
- Michigan Appellate Court Reverses Lower Court to Hold that Insurance Affiliate Must File as Part of Combined Return
- Minnesota: Multinational Company Must Use Alternative Apportionment to Account for Foreign Currency Hedging
- Montana DOR Adopts Rule Changes Reflecting Elimination of Tax Haven Jurisdictions List
- Oregon: State High Court Affirms that Company’s In-State Activities Exceed P.L. 86-272 Protections
- Rhode Island: New Bank Tax Law Permits Single Sales Factor Election, Includes Intercompany Expense Addback, and Requires Combined Reporting Information Report
- South Carolina ALJ Says Bank’s Various Income Streams Must be Sourced Based on Borrower Location and Gain from Stock Sale is Apportionable
Sales/Use/Indirect
- Arizona: New Law Postpones Date to Establish Certification Process for Third-Party Providers that Determine TPP Transaction Sourcing
- Michigan Appellate Court Affirms that Use Tax is Due on In-State Company’s Direct Mail Advertising
- South Carolina High Court Says Durable Medical Equipment Exemption is Unconstitutionally Discriminatory
Property
- Oregon Tax Court Magistrate Rejects “Dark Store Theory” Valuation of Big-Box Retail Store
Multistate Tax Alerts
- California bill suspends net operating losses, limits certain tax credits, and clarifies apportionment
June 28, 2024, Issue 2024-26
Archive
June 21, 2024, Issue 2024-25
June 14, 2024, Issue 2024-24
June 7, 2024, Issue 2024-23
May 31, 2024, Issue 2024-22
May 24, 2024, Issue 2024-21
May 17, 2024, Issue 2024-20
May 10, 2024, Issue 2024-19
May 3, 2024, Issue 2024-18
April 26, 2024, Issue 2024-17
April 19, 2024, Issue 2024-16
April 12, 2024, Issue 2024-15
April 5, 2024, Issue 2024-14
March 29, 2024, Issue 2024-13
March 22, 2024, Issue 2024-12
March 15, 2024, Issue 2024-11
March 8, 2024, Issue 2024-10
March 1, 2024, Issue 2024-9
February 23, 2024, Issue 2024-8
February 16, 2024, Issue 2024-7
February 9, 2024, Issue 2024-6
February 2, 2024, Issue 2024-5
January 26, 2024, Issue 2024-4
January 19, 2024, Issue 2024-3
January 12, 2024, Issue 2024-2
January 5, 2024, Issue 2024-1
Recommendations
Multistate Tax Alerts
State and local tax legislation and updates
Multistate Tax alert archive
State tax legislative, judicial, and administrative developments
