State and Local Tax (SALT) Articles
2024 Year-End Tax Planning Guide for Businesses - State and Local Tax
Posted by Mark Stack on December 04, 2024
State and local taxation is complex. Tax rules can vary by jurisdiction, and across counties and states, each tax type comes with different rules that require different levels of attention.
Taxpayer Orgs Challenge Enactment of California Provision Requiring Inclusion of Net Receipts in the Sales Factor
Posted by Mark Stack on October 14, 2024
On June 27, the California legislature enacted California Revenue and Taxation Code (CRTC) section 25128.9 under S.B. 167.
Maine Amends Sales Tax Treatment of Some Lease and Rental Transactions
Posted by Angela Miles on October 11, 2024
Maine has amended Title 36 of the Maine Revised Statutes pertaining to the sales tax treatment of lease and rental transactions in the state.
California Enacts Significant Changes, Including NOL Suspension and Credit Limitation
Posted by Mark Stack on October 10, 2024
California has enacted two important pieces of legislation that may prove adverse to businesses and individuals.
Unlock Savings with State and Local Tax Credits and Incentives
Posted by Mark Stack on October 09, 2024
State and local tax (SALT) credits and incentives programs continue to be underutilized. Despite the substantial value they can add for businesses, BDO’s 2024 CFO Outlook Survey found that just 34% of CFOs plan to optimize costs by claiming tax credits in the next 12 months.
PA Budget Adjusts NOL Deduction Limits, Sales Tax Exemptions; Doesn’t Include PTET Election
Posted by Angela Miles on October 08, 2024
On July 11, Pennsylvania Gov. Josh Shapiro signed into law the 2024-2025 budget (S.B. 654), which amends several important business and individual tax provisions.
Sales and Use Tax Economic Nexus Thresholds
Posted by Mark Stack on September 16, 2024
States have made many changes to their economic nexus thresholds in the wake of the landmark sales and use tax decision in South Dakota v. Wayfair from 2018.
Identifying Refund Opportunities through Reverse Sales and Use Tax Audits for Manufacturers
Posted by Mark Stack on April 23, 2024
There are different sales and use tax exemptions for some purchases by manufacturers in most states, but the specifics can differ depending on the state. Manufacturers sometimes miss out on exemptions that they qualify for, which results in paying too much tax.
2023 Year-End Tax Planning Guide - State and Local Tax
Posted by Mark Stack on March 06, 2024
With thousands of taxing jurisdictions, from school boards to counties and states, and many different types of taxes, state and local taxation is complex. Each tax type comes with its own set of rules — by jurisdiction — all of which require a different level of attention.
The Benefits of a Sales and Use Tax Review
Posted by Mark Stack on October 10, 2022
Is your business remitting the proper amount of sales and use taxes to the appropriate state and local jurisdictions? A comprehensive review of your organization’s sales and use tax practices, along with improving and automating the necessary processes, may ultimately save your business time and money.