State and Local Tax
California Occasional Sale Exemption: What Business Sellers and Buyers Need to Know
Summary: A California Office of Tax Appeals opinion concluded that the sale of a dental practice’s assets to multiple buyers…
Structure Matters: Sale of Real Property Subject to Illinois Replacement Tax
Summary: Illinois published a general information letter clarifying that when a partnership sells its assets, the transaction is subject to…
Indiana’s Ruling Addresses Sales Tax Implications for Generative AI
Summary: As technology continues to evolve at a rapid pace, it is crucial for businesses to consider the sales tax…
How South Carolina Applied the True Object Test to Address Sales Tax in Construction Contracts
Summary: South Carolina issued a private letter ruling in which it applied the true object test to conclude that an…
Bitcoin and Texas Franchise Tax: Key Insights into Intangible Property Ruling
Summary: A private letter ruling concluded that for Texas Franchise Tax purposes, bitcoin is treated as intangible personal property. Taxpayers…
Washington Court Upholds B&O Tax Sourcing for Wholesale Drop Shipments
Summary: For business and occupation tax purposes, the Washington Court of Appeals agreed with the Department of Revenue that wholesale…
Massachusetts Unveils New Real Estate Withholding Tax on High-Value Property Transfers
Summary: Massachusetts enacted a new regulation that imposes a withholding tax obligation on certain sales of real estate by nonresident…
From Customs to Checkout: How Do Tariffs Impact Sales and Use Tax Compliance?
Summary: With U.S. tariff policy rapidly evolving, one important state tax question must be answered: what are the sales and…
New Mexico Court Reverses GRT Ruling Against Out-of-State Staffing Firm
Summary: The New Mexico Court of Appeals reversed a gross receipts tax judgement against an out-of-state staffing company, concluding that…
Online Ticket Sites Deemed Marketplace Facilitators for Sales to Live Events in Arkansas
Summary: The Arkansas Tax Appeals Commission ruled that an online ticket platform was required to collect and remit sales tax…