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Entries by Donna Niesen

New York State & Local Tax Update: July 2018

Posted 6:00 PM by
Businesses subject to New York City’s Commercial Rent Tax (CRT) will now be able to claim the new CRT credit on their June 1, 2018–May 31, 2019 tax return.
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State & Local Tax Update: Connecticut’s Response to Tax Reform

Posted 5:40 PM by
The Connecticut General Assembly recently passed legislation which made changes to the state’s taxing system effective for tax years beginning on or after Jan. 1, 2018. Most significant is the imposition of tax on pass-through entities that are doing business in Connecticut.
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Supreme Court Rules States Can Collect Online Sales Tax

Posted 6:01 PM by
In a 5-4 decision today, the Supreme Court turned the sales tax world on its head by overturning South Dakota v. Wayfair. The decision reverses decades of history related to sales tax nexus and a retailer’s obligation to collect and remit tax when it sold its products across state lines. Disavowing the old physical presence standard established by Quill, the high court’s ruling now opens the door for states to impose an economic nexus standard when it comes to sales tax collection responsibilities.
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State & Local Tax Update: New York’s Response to Tax Reform

Posted 5:29 PM by
The 2018 New York State legislative session is well underway. The New York State Assembly’s biggest accomplishment thus far is the March 30 passage of the state’s 2018-19 budget bill (S07509C), which was then signed into law April 12, 2018, by Gov. Cuomo. While this budget bill provides some guidance on New York’s stance relating to the changes made by the Tax Cuts and Jobs Act (TCJA) (Public Law 115-97, 12/22/2017), the assembly’s budget bill ultimately came short in responding to several TCJA issues.
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State & Local Tax Update: 5/25/18

Posted 4:00 AM by
The Kentucky legislature recently passed significant tax law changes with House Bill 366 and House Bill 487, including an overhaul to much of Kentucky’s corporate tax system and addressing the state’s conformity to the Tax Cuts and Jobs Act. These bills broaden Kentucky’s tax base through various income and sales tax provisions and introduce a flat income tax rate.
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Indiana Adopts Sales Tax Exemption for SaaS

Posted 7:00 PM by
Making good on his State of the State promise to provide clarity on the previously murky topic of software-as-a-service (SaaS) and its sales tax status, today Governor Holcomb signed Senate Bill 257 into law.
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New York State & Local Tax Update: January 2018

Posted 5:00 AM by
Small businesses renting commercial property in downtown Manhattan are getting a break on their Commercial Rent Tax (CRT) under new legislation signed by Mayor Bill de Blasio in late December. Effective for tax years after July 1, 2018, the law provides a new tax credit for businesses that have income of less than $10 million and rent of less than $550,000.
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New York State & Local Tax Update: November 2017

Posted 2:25 PM by
An administrative law judge has agreed that the Division of Taxation correctly determined that the taxpayers were statutory residents of New York City for the 2011 through 2012 tax years.
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State & Local Tax Update: 7/17/17

Posted 3:42 PM by
A company's sales of a cloud-based mobile messaging service is a “telecommunication service” subject to sales and use tax. In Indiana, a sales tax is imposed on products transferred electronically only if the products meet the definition of specified digital products, pre-written computer software or telecommunication services.
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New York State & Local Tax Update: June 2017

Posted 4:00 AM by
Purchases by a business of materials, which were installed as part of capital improvements to real property, were subject to sales and use tax.
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