Weekly Round-Up: Sourcing, Digital Sales, and Federal Tax Reform


Highlights from the 7/31/17 through 8/4/17 issues of the Daily Tax Report: State :

  • Oregon Governor Approves Tweak to Income Tax Sourcing
    Oregon Governor Kate Brown (D) signed a bill Aug. 2 intended to ensure that the state taxes interstate corporations only on sales reflecting the regular course of busines
  • Tax Group's Sourcing Rule Troubles Financial Industry: Speakers
    The current definition of “receipts” included in proposed draft apportionment regulations is too narrow and could cause problems for the financial services industry, representatives of business groups told a Multistate Tax Commission committee.
  • Digital Sales Tax Changes Drawing Near in Next Year: Panelists
    States’ taxing authority over remote retailers will change dramatically in the next 12 months, according to state tax practitioners.
  • Scrapping State, Local Tax Deduction May Not Aid States
    Cash-strapped states and local governments likely won't benefit from the most significant proposal by Republicans and the White House for broadening the federal income tax, according to state tax practitioners.
  • Massachusetts Takes Second Bite at Digital Tax ‘Cookie Nexus’
    Online vendors selling to Massachusetts customers would have to collect and remit the state's 6.25 percent sales tax under a proposed regulation from the Massachusetts Department of Revenue.

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

  • California Franchise Tax Board Issues August 2017 Tax News
  • Indiana Tax Court: Child's Social Security Number Not Required for Dependency Deduction
  • Missouri: St. Louis Rams Liable for Sales Tax on Ticket Sales
  • Montana Department of Revenue Proposes Amending Resident Military Salary Exclusion Rule
  • Oregon Amends Law on Tax Incentives for Affordable Housing

Get a free trial to Bloomberg BNA Tax & Accounting's State Tax solution , a comprehensive research service that provides deep analysis and time-saving practice tools to help practitioners make well-informed decisions.

In other developments … 

Soda Tax Experiment Failing in Philadelphia Amid Consumer Angst and Revenue Shortfalls by the Tax Foundation

Differing Views Expressed at House Hearing on a Physical-Presence Standard for State Taxation, Regulation by PwC