Weekly Round-Up: Gleaning the Implications of the Bipartisan Budget Act, and Perspectives on Tax Evaluation Programs and Michigan Apportionment Guidance


In this week’s issue of the Bloomberg BNA Weekly State Tax Report, Lynn A. Gandhi of Honigman Miller Schwartz and Cohn LLP discusses how Michigan's Department of Treasury has issued several interpretive bulletins to provide guidance to taxpayers, and how Revenue Administration Bulletin 2015–20 has provided less-than-ideal guidance for where the benefit of a service is received for apportionment purposes.

The article can be read in its entirety here

Other highlights from the 11/27/15 issue of the Weekly State Tax Report:

*An in-depth look into the state tax implications of the Bipartisan Budget Act

*An in-depth perspective on tax incentive evaluation program trends

*A look at how the recently released California Public Employers' Retirement System report on the profits its private-equity manages made since 1990 may set off a disclosure race

*Coverage of the ongoing budget stalemate in Pennsylvania, the pending Multistate Tax Compact case before the Minnesota Supreme Court and the Vermont Supreme Court's first opinion regarding unitary reporting duties

Some notable developments from the State Tax Developments Tracker–Bloomberg BNA’s new tool for monitoring important developments in all the states:

California State Board of Equalization Advises Online Shoppers to Pay Use Tax on Untaxed Online Purchases 

New York State Assembly Issues Notice of Public Hearing for 2015-2016 State Budget Concerning Real Property Taxation

Illinois Department of Revenue Issues General Information Letter Concerning Taxability of Computer Software Licenses

For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library. 

In other developments… 

Taxpayers Stand to Lose Under Chicago’s Lease Tax VDA Offer, by McDermott Will & Emery LLP 

Nominations for Outstanding Achievement in State Tax Policy Open!, by the Tax Foundation 

Compiled by Ryan C. Tuck