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Arizona Sales Tax Deductions

March 26, 2015.
Tax Publications

Deduction Code Changes As of January 1, 2015, Arizona broadened the list of state, county, and city deduction codes listed on its TPT-1 in an effort for taxpayers to properly claim deductions on the return.  The TPT-1 is the Transaction Privilege (Sales), Use, and Severance Tax Return. City codes have changed...

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Utilities: Manufacturing or Not?

March 17, 2015.
Tax Publications

For many manufacturing businesses located in the state of Pennsylvania, sales tax paid on electricity, gas, and water can add up quickly over the years.  The Pennsylvania utility sales tax exemption can result in thousands of dollars in tax savings.  To lower or reduce a company’s...

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Marketplace Fairness Act of 2015

March 16, 2015.
Tax Publications

Marketplace Fairness Act reintroduced into Congress “E-Fairness” proponents have launched a bill in Congress that is almost verbatim to the Marketplace Fairness Act of 2013 bill.  US Senators Mike Enzi, Dick Durbin, Lamar Alexander, and Heidi Heitkamp have reintroduced the bill with the purpose to “restore States...

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Internet Tax Freedom Act Extension

December 18, 2014.
Tax Publications

Congress Passes Appropriations Bill Including Internet Tax Freedom Act Extension Congress passed H.R. 83, the “Consolidated and Further Appropriations Act, 2015” on December 13, 2014. By doing so, the Internet Tax Freedom Act was extended through October 1, 2015. The Internet Tax Freedom Act imposes a temporary moratorium on US states from taxing...

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Taxing Services in Our Intangible World

December 16, 2014.
Tax Publications

With services accounting for an ever larger share of consumption in the United States, many tax professionals are calling for states to expand their tax bases.  Traditionally, state sales taxes have applied to only tangible goods, such as cars, furniture and other tangible goods.  The world has changed...

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New York State Franchise Tax Rate Changes for 2014 and Beyond

November 18, 2014.
Tax Publications

Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted the tax rates.  This article will illustrate the rate changes that were impacted. Type of New York Businesses New York Article 9-A designates three classes of corporations for tax rate purposes:  Qualified...

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Alabama Establishes Independent Tax Tribunal

September 09, 2014.
Tax Publications

Alabama has just recently established an independent tax tribunal effective October 1, 2014, replacing its Administrative Law Division which was tied to the Department of Revenue. See 2014 Alabama House Bill No. 105. This is significant, as Alabama has attempted to establish this tribunal multiple times in order to improve its tax administration and...

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New York State Franchise Tax Bright-Line Nexus Changes

July 25, 2014.
Tax Publications

Think you’re exempt from New York franchise tax because you don’t have a physical presence in New York?  Starting in 2015, think again!  Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted New York state and MTA district...

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Qualities of a Fair State Tax Administration Part 5 – Transparency via Published Letter Rulings and Decisions

July 20, 2014.
Tax Publications

This is the fifth and final posting in a series about the qualities of a fair state tax administration.  These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes.  Their fifth published report is found here. ...

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Qualities of a Fair State Tax Administration Part 4 – Adjustments to Federal Corporate Tax Liability: Amending State Returns

July 19, 2014.
Tax Publications

This is the fourth in a series of posts about the qualities of a fair state tax administration.  These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes.   Whenever a federal income tax return is changed,...

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House Votes to Reinstate Research and Experimentation Tax Credit

July 18, 2014.
Tax Publications

On May 9, 2014, the U.S. House of Representatives voted to reinstate the Research & Experimentation Tax Credit under Section 41 of the Internal Revenue Code.  This had previously expired on December 31, 2013. It must still pass the Senate where the Senate Finance Committee backs a measure extending the credit through the...

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Qualities of a Fair State Tax Administration Part 3 – Corporate Income Tax Return Due Dates and Protest Periods

July 17, 2014.
Tax Publications

This is the third in a series of posts about the qualities of a fair state tax administration.  These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes.  The two qualities discussed in this article deal...

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