This podcast for the week of May 21, 2018 covers state and local tax developments in Colorado, Massachusetts, Tennessee, and Washington.
House Bill 1185, which has passed both houses of the Colorado General Assembly, adopts market-based sourcing rules effective for income tax years commending on or after January 1, 2019.
The MA Department of Revenue has issued a TIR providing that the Commonwealth will provide penalty relief for underpayments of corporate excise taxes owed as a result of IRC section 965.
Senate Bill 2119, which is pending signature, would decouple Tennessee from certain aspects of federal tax reform.
The Washington State Department of Revenue has issued an excise tax advisory addressing whether the provision of “enhanced delivery services” would create nexus for a seller.
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