Weekly Round-Up: The Long-Term Impact of the PATH Act’s Tax Extenders


In this week’s issue of the Bloomberg BNA Weekly State Tax Report, John Belpedio and Allea Newbold of Ryan LLC look at the PATH Act’s tax extenders provisions. Under the new provisions, taxpayers can go forward with greater certainty when it comes to bonus depreciation; 15-year recovery for leasehold, restaurant and retail property; I.R.C. Section 179 expensing deduction and incentives for energy-efficiency improvements and alternative energy sources.

Full text of the article can be read in the 2/12/16 issue of the Weekly State Tax Report.

Other highlights from the 2/12/16 issue of the Weekly State Tax Report:

* Orbitz Scores Win in Sales Tax Dispute With Wisconsin

* Senate Sends Permanent Internet Tax Ban to President's Desk 

* Delaware Issues Draft Unclaimed Property Manual

* Whistle-Blower Asks New York to Proceed With Citigroup Case

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

Colorado Department of Revenue Issues Notice of Proposed Rulemaking Regarding Charitable And Other Exempt Organizations

Idaho State Legislature Amends Law to Update References to the Internal Revenue Code and to Add Language Regarding Marriage

Louisiana Governor's Office Publishes FAQs Regarding State's Largest Budget Crisis

Michigan Court of Appeals Upholds Characterizing Payments Received from Taxpayer's Subsidiaries for Shared Employee Services as Sales and Those for License for Use of Customer List as Royalties

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…  

NCSL Releases Model Legislation for Expanding Sales and Use Tax Collection, by KPMG

Nevada: Proposed Administrative Rules Would Implement New Affiliate Nexus and Remote Seller “Click-Through” Nexus Provisions, by Deloitte Tax LLP

Compiled by Melissa Fernley