SALT Alerts

Related documents

•   SALT legislative outlook, trends and predictions for 2012 - Jan. 31, 2012

  In 2011, with a slowly recovering economy, the landscape began to change for the better in some states, but not in others. Instead of practically all states facing fiscal nightmares, a chasm has begun to grow between states that will continue to have significant trouble meeting their obligations, and states that will be well-prepared for whatever the future brings.

•   Third Circuit Court of Appeals preliminarily enjoins New Jersey's “place of purchase” provision and rules on required collection of ZIP codes - Feb. 2, 2012

  The Third Circuit Court of Appeals has affirmed a decision by the U.S. District Court of New Jersey to preliminarily enjoin provisions of New Jersey’s recently amended unclaimed property statute (Chapter 25). The injunction prevents both the retroactive enforcement of Chapter 25 and the prospective enforcement of a place-of-purchase presumption provision and corresponding guidance from the New Jersey Treasury.

•   Company using third-party contract manufacturers required to use single sales factor apportionment formula in Massachusetts - Jan. 30, 2012

  The Massachusetts Department of Revenue has ruled that a taxpayer using third-party contract manufacturers was considered to be engaged in manufacturing for Massachusetts apportionment purposes because the taxpayer’s activities were essential and integral to the manufacturing process. Therefore, the taxpayer was required to use a single sales factor apportionment formula rather than the general three-factor apportionment formula with a double-weighted sales factor.

•   SALT top stories of 2011 - Dec. 22, 2011

  While the big picture seemed to stay about the same in 2011, significant changes in many of the states occurred this year, inspired by governors and legislatures empowered to make some difficult choices, and buttressed by active judiciary systems willing to decide SALT matters of importance.

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