State & Local Tax (SALT) Alert: Breaking State and Local Tax Developments In 2013 From Grant Thornton LLP

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

The sales and use tax treatment of remote sellers and the apportionment election contained in the Multistate Tax Compact continued to dominate state and local taxation for 2013. In this annual end-of-year alert, the members of Grant Thornton LLP's State and Local Tax (SALT) practice summarize the ten stories which in their view were the most material SALT developments of the year. The issues discussed include expanded sales tax bases, Detroit's bankruptcy and the treatment of intangibles in a noteworthy California property tax case.