State and Local Thinking – June 2017

SALT Alerts State and local Thinking

California legislature passes bill transferring many of State Board of Equalization’s responsibilities to new tax agencies

Connecticut publishes guidance regarding single-sales factor apportionment and market-based sourcing

Kansas repeals exemption for non-wage business income; increases individual income tax rates

Maryland enacts tax credit and incentive legislation to encourage manufacturers to create jobs

Michigan issues guidance on ‘materials and supplies’ deduction for MBT purposes

Minnesota Tax Court holds definition of ‘resident trust’ unconstitutional as applied to inter vivos trusts

Montana enacts legislation adopting market-based sourcing

New Jersey Tax Court holds gains from deemed asset sale of S corporation constitutes non-operational income

New York budget bill closes tax loopholes, extends top personal income tax rate

Oklahoma enacts voluntary disclosure initiative to begin Sept. 1

Oklahoma tax legislation revises franchise tax, sales tax and voluntary disclosure agreement provisions

Multistate Tax Commission adopts amendments to Model General Allocation and Apportionment Regulations

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Thought leadership from our State and Local Tax professionals June 1: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Bloomberg BNA Daily Tax Report article, “Notorious Illinois whistle-blower targets 85 foreign tailors” by Michael Bologna. Jamie discussed the ramifications of attorney Stephen Diamond filing as many as 85 lawsuits under the Illinois False Claims Act that target tailor trunk shows.

June 1: Bridget McCann, Senior Manager, SALT -- New Jersey office, is the author of an article in The Tax Adviser titled “A pragmatic approach to sourcing sales of services.” Bridget described the concept of sales sourcing, its history, its growth in importance and how analyzing sales sourcing can, among other benefits, help reduce a company’s tax liability.

June 4: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Bloomberg BNA Daily Tax Report article “Minnesota marketplace law ripe for legal challenge” by Michael Bologna. Jamie discussed likely responses to Minnesota’s first-in-the-nation sales tax for electronic marketplace providers.

June 19: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Bloomberg BNA Daily Tax Report article “Amazon's Whole Foods buy requires unifying sales tax systems” by Che Odom. Jamie discussed various ways Amazon’s purchase of Whole Foods will likely present complex tax-compliance challenges for the retail giant.

Tax professionals
Meet Bridget McCann, a State and Local Tax Senior Manager in the New Jersey office Bridget McCann is a Senior Manager, SALT, at Grant Thornton’s New Jersey office. Bridget has 15 years of experience in her specialty of multi-state corporate income taxation. Bridget assists clients with multi-state income and franchise tax issues, as well as audit defense. She also has expertise in managing the preparation and review of large-volume multi-state returns. Her clients include multiple Fortune 100 companies.

Bridget is a CPA in New York State and a member of the AICPA. She is one of 11 people chosen by the AICPA to serve on its State and Local Tax technical resource panel and one of 15 to serve on New Jersey’s Advisory Council for former New Jersey Tax Director Michael Bryan.

She has been published in The Tax Adviser, including an article this month on sales sourcing. Her work also has appeared in CCH’s Journal of State Taxation, and she has been quoted in Bloomberg BNA’s Daily Tax Report. Bridget graduated from Pace University’s Lubin School of Business with honors, earning a bachelor’s degree and a master’s degree in business, with concentrations in public accounting.

Contact Mark Arrigo
SALT Income & Franchise Tax Business Line Leader
T +1 678 515 2320

Matthew Melinson
SALT Indirect Tax Business Line Leader
T +1 215 376 6050

Jamie Yesnowitz
SALT National Tax Office Principal
T +1 202 521 1504

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