A Little SALT Update to Spice Up Your Tax Life…

By Jeannette Marchant on August 9, 2017
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Jeannette Marchant

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Freed Maxick will be starting a new State and Local Tax newsletter this month. Here are a few highlights of what you can expect in our first issue.

We’re proud to announce that Freed Maxick will be sharing a new State and Local Tax newsletter, “SALT Updates.” Our team of professionals who focus on tax issues at the state and local level will provide summaries of significant developments in the field from around the country. The update will provide information sorted by the type of tax involved as well as the states affected.

Here’s a look at a few of the topics that will be covered in our first update:

Income & Franchise Taxes
  • A new law in California will strip the State Board of Equalization of its powers and create 2 new agencies: The “Department of Tax and Fee Administration” and the “Office of Tax Appeals.”
  • New York’s power of attorney form, Form POA-1, has been condensed to one page and now requires only the taxpayer’s signature.
  • Also in New York, the state’s Supreme Court held that the suspension of a taxpayer’s driver’s license for unpaid personal income taxes is constitutional.
Sales & Use Tax
    • If you have any familiarity with this type of tax, you won’t be surprised to learn that the bulk of the discussion in our first issue focuses on new laws requiring out-of-state sellers to collect sales tax or report sales. We note 5 states with new laws in effect on this topic.
    • Another common sales & use topic is a remote seller’s economic nexus. This month, we discuss court challenges to nexus laws in Wyoming and Indiana.
Gross Receipts Tax
    • In keeping with the economic nexus theme, a new Washington law will extend nexus for the state’s business and occupation tax to retail sellers who meet certain criteria.

SALT update

The topics and the states covered will vary from issue to issue as developments warrant, but we hope that you’ll find that this new Freed Maxick alert service delivers value in every alert. You can read the entire alert here. You can also follow us on Twitter or LinkedIn to receive announcements when new alerts are posted, or subscribe to receive notices by e-mail.

Download our Summer 2017 SALT updates here or contact a member of the Freed Maxick SALT Team for a no cost consultation.

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