Posts Tagged ‘SALT’

At a glance Schedule a free consultation today to learn more! The full story: In a recently published decision by California’s Office of Tax Appeals (OTA), an S corporation’s gain on the sale of its interest in an LLC (which was treated as a partnership for income tax purposes) constituted business income subject to apportionment.[1]…

By: Tracey Stewart, SALT Associate At a glance Schedule a free consultation today to learn more! The full story: In our July 2023 SALT Newsletter, we wrote an article summarizing an Arizona Tax Court (Tax Court) ruling that an online auto parts distributor that contracted with six third-party fulfillment centers in Arizona did not have…

At a glance Schedule a free consultation today to learn more! The full story: Alabama and Kansas enacted substantial changes to their pass-through entity (PTE) taxes, and Vermont will begin subjecting SaaS to sales tax. Below is a summary of each state’s legislative PTE tax changes. Alabama PTE tax On April 26, 2024, Alabama Governor…

At a glance Schedule a free consultation today to learn more! The full story Two recently issued sales tax rulings in New York further solidify the state’s reluctance to apply the primary function test when taxable tangible personal property (e.g., software or SaaS) is sold for a bundled price with nontaxable services. For these types…

By: Betsy Goldstein, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: The New York Supreme Court Appellate Division (Court) issued an opinion in which it upheld the Tax Appeals Tribunal’s (Tribunal) decision that the taxpayer (Taxpayer) provided taxable information services.[1] A closer look at the case…

At a glance Schedule a free consultation today to learn more! The full story In a recent decision issued by the Texas Comptroller (Decision No. 116,007), a taxpayer who engaged in the business of providing aircraft instrument, avionics, and accessory services was denied the ability to claim the cost of goods sold (COGS) deduction in…

By: Camille Adams, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: The South Carolina Department of Revenue (DOR) recently issued a private letter ruling addressing whether the sale and rental of digital textbooks are exempt from sales and use tax.[1] A closer look at the case…

At a glance Schedule a free consultation today to learn more! The full story: It’s been a busy spring for Georgia and Tennessee. On March 28, 2024, the Georgia legislative session ended and saw the passage of several notable tax bills. Plus, Tennessee’s franchise tax reform has resulted in a refund opportunity taxpayers won’t want…

At a glance The full story: After significant debate, the Tennessee General Assembly passed House Bill (HB) 1893/Senate Bill (SB) 2103 on April 25, 2024. This legislation amends the Tennessee Code to repeal the method of calculating the franchise tax base using the total value of real and tangible property within Tennessee. The legislation additionally…

At a glance Schedule a free consultation today to learn more! The full story: The state sales tax system is structured so that sales tax is imposed on a taxable transaction where the purchaser is the ultimate consumer (or end user) of the taxable good or service purchased. The idea is to prevent a pyramiding…