Highlights from the 9/11/17 through 9/15/17 issues of the Daily Tax Report: State :
South Dakota Supreme Court Strikes Digital Sales Tax Statute
The South Dakota Supreme Court Sept. 13 affirmed a decision restricting the state's ability to tax remote retailers and opened the door for potential U.S. Supreme Court reconsideration of a 25-year-old opinion (South Dakota v. Wayfair, Inc., S.D., No. 28160, 9/13/17).
Pennsylvania House Passes Plan to Fund Budget
Less than two days before Pennsylvania's general fund balance is set to hit zero, the state's House passed a plan to fund the state's $32 billion spending package by transferring tens of millions of dollars out of existing state funds.
Wisconsin Assembly Tosses Business Tax Programs
Wisconsin is a step closer to enacting a $76 billion budget featuring tax code changes primarily benefiting businesses, homeowners, and a small number of high net worth taxpayers after action in the Assembly Sept. 13.
Foxconn Tax Incentives Clear Wisconsin Senate
Foxconn Technology Group's bid for $3 billion worth of economic development incentives crossed a major threshold Sept. 12 when the Wisconsin Senate approved a bill creating one of the largest state tax credit programs in U.S. history.
New Jersey Tax Hike on Rich Would Raise $1B: Group
New Jersey would collect $1 billion more in annual income tax revenue by raising rates for the top 5 percent of the state's earners, a liberal think tank said.
Irma Spurs State Tax Relief, Extensions
Florida and other states have begun announcing tax relief and deadline extensions for taxpayers affected by Irma—with more announcements likely to come.
Connecticut Governor Proposes Raising Sales Tax in Latest Budget
Connecticut Governor Dannel Malloy proposed raising the state's sales tax and eliminating a diversion of sales-tax revenue to a municipal aid program in his latest budget proposal, which also scaled back a bid to shift pension costs to towns.
Some notable developments from the State Tax Developments Tracker —Bloomberg BNA’s tool for monitoring important developments in all the states:
Virginia Governor Announces Start of Statewide Tax Amnesty
California Court of Appeal: Sales Tax Sourced From Where Performance Completed
New York Establishes Alternative Property Tax Exemptions for Veterans
Pennsylvania: Taxpayer's Net Loss Carryover Deduction Violated Uniformity Clause
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 …
How Much Does Your State Collect in Sales Tax Per Capita? by the Tax Foundation
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