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Tax Alerts

Tax Briefing(s)

Middle Class Tax Relief and Job Creation Act of 2012

2011 Tax Year In Review

AL - Governor explains tax credit for teachers
Alabama Gov. Robert Bentley has issued a press release explaining his educational agenda that would include a $300 personal income tax credit for teachers who spend their own money...

AK - Native corporation’s properties qualified for charitable exemption
The Alaska Supreme Court ruled that four properties of a Native corporation qualified for the property tax charitable exemption because they were used exclusively for charitable pu...

AZ - Incorrect date printed on TPT1 form
The Arizona Department of Revenue has released a warning that it mistakenly sent out monthly and quarterly TPT1 forms with incorrect tax period dates printed on them. The monthly T...

AR - Income tax matters discussed
The following Arkansas corporate and personal income tax updates are included in the department’s quarterly newsletter.IRC §179 for 2011...

CA - Third 15-day notice issued for regulation on sales of other than tangible property
The California Franchise Tax Board (FTB) has issued a third 15-day notice for a proposed California corporation franchise and income tax regulation (Reg. 25136-2) addressing the ma...

CO - Interlocutory review granted in conservation easement credit case
For corporate and personal income tax purposes, the Colorado Court of Appeals has granted the Colorado Department of Revenue's petition for interlocutory review in a case involving...

CT - New debit card information issued
The Connecticut Department of Revenue Services (DRS) has provided additional information about the use of debit cards for personal income tax refunds. The DRS noted that several st...

DE - Governor proposes credit for hiring veterans
Delaware Gov. Jack Markell proposed to expand tax credits to Delaware businesses that hire veterans in his 2012 State of the State address. The governor made no additional tax prop...

DC - All retirement account distributions taxed at highest rate
Emergency legislation enacted by the District of Columbia amends the income withholding tax rules for retirement distributions. A distribution from a retirement account will be tax...

FL - Bonus depreciation, IRC §179 emergency rule adopted
The Florida Department of Revenue has issued an emergency rule, which replaces a similar expired rule, regarding additions and subtractions required to compute the corporate income...

GA - Limited liability company entitled to attorney fees
A trial court erred in setting aside a judgment awarding a limited liability company attorney fees arising in connection with a local Georgia ad valorem property tax assessment mad...

HI - Taxability of rentals of renovated military barracks determined
The Hawaii Department of Taxation has issued a letter ruling stating that a management company’s rentals of renovated military barracks to military personnel who are travelin...

ID - IRC conformity date updated
Legislation updates Idaho's Internal Revenue Code conformity date from January 1, 2011, to January 1, 2012, for personal and corporate income tax purposes, effective retroactively ...

IL - Governor proposes 2012 tax cut, credits
In his 2012 State of the State address, Illinois Gov. Pat Quinn announced three tax proposals for 2012 involving corporate and personal income tax and the natural gas utility gas tax. Initially, th...

IN - Acquired company filed returns late
A taxpayer, acquired by a second corporation, that did not file its Indiana corporate tax returns or remit estimated tax payments until the second corporation filed its consolidate...

IA - Equity investment credit updated
The Iowa Department of Revenue has adopted a number of new rules and amendments to regulations relating to the investment tax credit for equity investments in a qualifying business...

KS - Taxability of cloud computing transaction discussed
A Kansas Department of Revenue opinion letter discusses the application of retailers’ sales tax to charges imposed by an application service provider (ASP) on subscribers for...

KY - 2011 tax year changes, use tax look-up tool, other matters discussed
The latest issue of the Kentucky Tax Alert newsletter discusses changes for individuals and corporations filing 2011 Kentucky income tax returns, including the standard de...

LA - Withholding tax e-file regulations amended
The Louisiana Department of Revenue has adopted emergency regulatory amendments to reflect that, beginning in 2012, employers that are required to remit withheld personal income ta...

ME - Nonresident tax rule amended
Maine Revenue Services has amended a rule providing personal income tax guidance for nonresident individuals. Among other things, the amendments include new definitions of "permane...

MD - Combined reporting legislation introduced
A bill has been introduced in the Maryland House of Delegates that would require mandatory unitary combined reporting for corporate income tax under certain circumstances. If enact...

MA - Conference bridging service taxable
Conference bridging service sold to Massachusetts customers by an out-of-state taxpayer is subject to Massachusetts sales and use tax because it falls within the broad definition o...

MI - Tax tribunal abused its discretion by dismissing taxpayers’ petition
The Michigan Tax Tribunal abused its discretion by dismissing the taxpayers’ petition challenging the assessment of the value of their residential condominium for local prope...

MN - Legislation creating exemption for nonbusiness Internet purchases introduced
Legislation introduced in the Minnesota House of Representatives would create an exemption from sales tax for nonbusiness sales and purchases of products and services over the Inte...

MS - Click-through nexus bill introduced
A click-through nexus bill has been introduced in the Mississippi House of Representatives that, if enacted, would provide that any person doing business in Mississippi who makes a...

MO - Capital gains and interest were nonbusiness income
Capital gains from the sale of a taxpayer’s interest in a commercial explosives business and the interest earned on those capital gains were nonbusiness income for Missouri c...

MT - Questions about Office of Taxpayer Assistance answered
The Montana Department of Revenue has answered several frequently asked questions regarding the Office of Taxpayer Assistance, which works to resolve issues for various taxpayers, ...

NE - Homestead exemption reminder issued
The Nebraska Department of Revenue is reminding property owners that the Nebraska property tax homestead exemption application or certification (Form 458) must be filed with their local county asse...

NV - Net proceeds of minerals tax regulations adopted
The Nevada Tax Commission has adopted regulations that revise the deductions used to determine the new proceeds of minerals tax. Effective January 1, 2012, the several deductions h...

NH - Filing deadline extended to April 17
The New Hampshire Department of Revenue Administration has announced that in 2012, the state will recognize the Washington, D.C., holiday Emancipation Day, which will be celebrated...

NJ - Information provided on revised UEZ refund filing procedures
The New Jersey Division of Taxation has issued a revised sales and use tax notice informing taxpayers that as a result of previously enacted legislation that became effective April...

NM - Combined reporting, rate reduction bill passed by Senate
The New Mexico Senate has passed a bill that would reduce the highest corporate income tax rate and require combined reporting for certain unitary businesses. If the bill is enacte...

NY - Changes enacted in extraordinary Legislative session summarized
The New York Department of Taxation and Finance has issued summaries of the corporate franchise and personal income tax changes enacted by Ch. 56, Laws 2011, during the extraordina...

NC - Over 8,000 taxpayers sign up for DOR’s debt payment program
More than 8,000 taxpayers have signed up for the North Carolina Department of Revenue's Individual Income Tax Debt Payment Program that was unveiled in January 2012. Under the prog...

ND - New free e-file option announced
The North Dakota Tax Department has announced a new free e-file option for individual income tax returns. The new option, referred to as the fillable forms system, is similar to co...

OH - Amnesty program explained
The city of Akron, Ohio, is offering businesses an income tax amnesty program that will run from March 5, 2012, through May 4, 2012, and apply to net profit taxes and wage taxes. A...

OK - Debit cards to be issued for refunds
Beginning with this income tax filing season, the Oklahoma Tax Commission (OTC) will issue debit cards in lieu of paper checks to Oklahoma personal income tax taxpayers who do not ...

OR - Tax credit auction rule adopted
The Oregon Department of Revenue has adopted a new permanent rule governing auctions of corporation excise (income) and personal income tax renewable energy development contributio...

PA - Bill would create intangible expense addback, implement single sales factor
Legislation introduced in the Pennsylvania House of Representatives would create a corporate income tax addback for intangible expenses and would implement a single sales factor be...

RI - Governor proposes meals tax increase, sales tax expansion
In his State of the State Address, Rhode Island Gov. Lincoln Chafee proposed a 2% increase in the meals and beverage tax rate. He also proposed expanding sales and use tax to "a ha...

SC - Use tax reminder issued
The South Carolina Department of Revenue has reminded taxpayers that use tax should be remitted on items purchased from out-of-state vendors or from online retailers for use within...

SD - Appeal process guide for board of equalization members issued
The South Dakota Department of Revenue has issued a revised guide regarding the property tax appeal process for members of local, county, and consolidated boards of equalization. A...

TN - Constitutional amendment regarding income tax proposed
A resolution has been adopted clarifying that the Tennessee Constitution prohibits a state tax on any class of income other than income derived from stock and bonds. The resolution...

TX - Surgical instruments designed for orthopedic procedures exempt
Surgical instruments purchased outside Texas and loaned to health care providers in Texas for use in specific orthopedic procedures were qualified for exemption from Texas use tax ...

UT - Allocation and apportionment rule amended
A Utah rule relating to the allocation and apportionment of net income for corporate income tax purposes has been amended to reflect legislative changes made by S.B. 136, Laws 2008...

VT - Public agencies not liable for disclosure of information prior to judicial decision
Vermont has enacted a bill which asserts that public agencies should not be held liable for a violation of the Public Records Act or for a claim based on invasion of privacy as a r...

VA - IRC conformity legislation enacted
For personal income and corporate income tax purposes, Virginia has advanced the Internal Revenue Code (IRC) conformity date from December 31, 2010, to December 31, 2011. Therefore...

WA - Exemption study released
The Washington Department of Revenue has released the 2012 edition of its compilation of tax exemptions, credits and preferential tax rates, including those relating to sales and u...

WV - Helpful tips publication revised
A publication that provides general information on the filing of West Virginia personal income tax returns, including free online filing services, payment options, mailing addresse...

WI - Job creation deduction FAQs issued
The Wisconsin Department of Revenue has issued a set of frequently asked questions (FAQs) regarding the personal income and corporation franchise and income tax deduction for job c...

WY - 2012 interest rate set
The 2012 annual interest rate on delinquent Wyoming sales and use and certain other excise tax accounts has been set at 7.25%, and the equivalent daily interest rate will be 0.0199...

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