The Bloomberg BNA SALT Blog is a forum for practitioners and Bloomberg BNA editors to share ideas, raise issues, and network with colleagues about state and local tax topics. The ideas presented here are those of individuals and Bloomberg BNA bears no responsibility for the appropriateness or accuracy of the communications between group members.
March 30, 2012
A customer pays cash for her order of soup, salad, and steak at a
restaurant. When the restaurant is audited for sales tax liability, the
steak order has disappeared from the restaurant’s records. What happened
to it? Chances are the transaction was “zapped” or deleted from the
restaurant’s receipts through the use of data suppression software.
March 28, 2012
The California Franchise Tax Board recently issued guidance that
clarifies when a taxpayer can claim the research and development credit
based on California’s definition of gross receipts.
March 26, 2012
Nearly all the states tax capital gains at the same rate as ordinary
income. But some jurisdictions offer deductions, exclusions, or credits
related to such income.
March 23, 2012
Groupon and LivingSocial are arguably the biggest and most widely
subscribed to web-based “deal-of-the-day” discount coupon programs. [For
those closely following this developing trend, keep an eye out for
Bloomberg BNA’s 2012 Survey of State Tax Departments, set to be issued
in late April, which will offer an in-depth look at each state’s tax
treatment of these social media coupons.]
March 21, 2012
Nebraska recently enacted a bill that offers tax incentives, including sales and use tax refunds and personal property tax exemptions, to companies that build large data centers in the state.
March 19, 2012
March 16, 2012
Food, specifically the sales tax treatment of food, seems to be on the minds of many state officials these days.
March 14, 2012
Telework has enabled many companiesto allow more employees to work from home. Some advantages to this include less traffic and strain on the environment.
March 12, 2012
The presence of a single employee telecommuting from New Jersey is enough to subject an out-of-state corporation to the state's Corporation Business Tax, the New Jersey Superior Court, Appellate Division held in Telebright Corp. v. New Jersey Div. of Taxn., N.J. Super. Ct. App. Div., No. A-5096-09T2 (March 2, 2012).
March 9, 2012
The presence of a single employee telecommuting from New Jersey is
enough to subject an out-of-state corporation to the state's Corporation
Business Tax, according to a new decision issued by the New Jersey
Superior Court, Appellate Division.
March 7, 2012
A new Tax Foundation study, called Location Matters: A Comparative Analysis of State Tax Costs on Business, analyzed the costs of doing business in each of the 50 states and examined the economic impact of five types of tax incentives, including new job credits, investment credits, research and development credits, payroll withholding tax rebates, and property tax abatements.
March 5, 2012
Arizona recently enacted legislation (S.B. 1046) allowing corporate
taxpayers the option of sourcing income to the state based on sales into
its market. In doing so, the state joins a growing minority of
jurisdictions that have adopted a market-based method for sourcing (i.e., determining which state is entitled to tax) multistate transactions involving the sale of services or intangibles.
March 2, 2012
A new technical advisory memorandum on advance pricing agreements , Technical Advisory Memorandum TAM-2012-1, was issued by the New Jersey Division of Taxation to clear up taxpayer confusion arising from an earlier TAM, and not to reflect a change in tax policy, a senior state official told Bloomberg BNA reporters Erin McManus and Dolores Gregory.
Weekly Round-Up: Credits and Incentive Programs in Florida Face a Three-Year Report Card
Sales Tax Slice: With MFA Stalled, States Supply Own Answers for Remote Sellers
Weekly Round-Up: New York Taxpayer Scores Victory in Residency Audit War
Incentives Watch: Land Conservation Tax Credit Amended in Colorado to Improve Application Review Process
State Tax Snapshot: Nexus, Addback Statutes, and the Sham Transaction Doctrine