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State and Local Thinking – May 2017

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SALT Alerts State and local Thinking

District of Columbia Enacts New Payroll Tax to Fund Paid-Leave System

Minnesota Tax Court Affirms Financial Institution’s Apportionment Planning by Denying Commissioner’s Alternative Method


Pennsylvania Tax Amnesty Program Runs Through June 19, 2017


Indiana Enacts Bright-Line Sales Tax Nexus Law for Remote Sellers

Texas Court of Appeals Rules Payments into Asbestos Settlement Fund Not Includible in COGS Deduction

Texas Comptroller Finds Insurance Tracking Services Not Taxable Data Processing Services

California FTB issues ruling clarifying income tax credit or deduction for taxes paid to other states
 
Tennessee enacts single sales factor apportionment for manufacturing businesses, provides hall income tax phase-out schedule
 
California FTB clarifies apportionment following corporate ownership changes, S corporation built-in gains

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Thought leadership from our State and Local Tax professionals

May 2: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, and Guinevere Seaward, Manager, SALT – National Tax Office, were co-authors of the Bloomberg BNA Daily Tax Report article, “The States Are No Strangers to Border Adjusted Taxes: A Discussion of Consumption Tax from a State Perspective.” Jamie and Guin described how state consumption taxes can offer a way to gauge the potential impact of current federal tax proposals.

May 15: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Bloomberg BNA SALT Talk Blog post “Corporate close-up: New Jersey ruling highlights changes to ‘operational income’” by Mike Dazé. Jamie discussed a recent New Jersey Tax Court ruling defining “operational income” in a sale of assets from an S corporation. This was later published May 23 in the Bloomberg BNA Daily Tax Report.

May 18: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Bloomberg BNA Daily Tax Report article “States May Not Follow Tax Reform on Treatment of Machinery" by Che Odom. Jamie discussed how states could react if the federal tax code is changed to require businesses to include full and immediate expensing of machinery purchases and other capital investments.

May 23: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Bloomberg BNA Daily Tax Report article “IBM, Goodyear, DirecTV Still Owe ‘Retroactive’ State Taxes” by Che Odom and Michael Bologna. Jamie discussed why the Supreme Court’s inaction when asked to clarify retroactive tax law issues in some states creates uncertainty for taxpayers.

May 23: Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, is quoted in a Tax Analysts State Tax Today article “U.S. Supreme Court Denies Cert in State Tax Retroactivity Cases” by Amy Hamilton. Jamie again discusses recent Supreme Court decisions to let stand lower court rulings on the application of retroactive taxes.

Tax professionals

Meet Guinevere Seaward, a State and Local Tax manager in the Metro D.C. office

Guinevere Seaward is a manager in the State and Local Tax practice from Grant Thornton LLP’s Metro-Washington D.C. office, specializing in advising technology, energy, manufacturing and service industries about tax planning opportunities. Guin’s focus is on indirect taxes such as those for sales/use, gross receipts, motor fuel, local license and unclaimed property.

Guin recently co-authored an article with Jamie Yesnowitz, Principal, SALT – National Tax Office Leader, for Bloomberg BNA. This article, “The States Are No Strangers to Border Adjusted Taxes: A Discussion of Consumption Tax from a State Perspective,” explored how the GOP Blueprint’s proposal for federal consumption taxes can best be understood by comparing them to similar state and local consumption tax laws.

Guin joined Grant Thornton LLP as a State and Local Tax senior associate in 2014, with a promotion to manager in 2016. Guin earned a bachelor’s degree in both English and history from St. Lawrence University in 2007, then went on to earn a juris doctor degree from the Albany Law School in 2010 and a master of laws degree from Georgetown University in 2011.

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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