TWIST - May 21, 2018

All of this week’s TWIST episodes

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  CO: Market-based sourcing bill passes both houses of legislature

  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.

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  MA: Estimated tax penalty relief for corporations affected by the transition tax on deferred foreign earnings

  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.

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  TN: Bill to decouple from certain aspects of tax reform sent to governor Bill Haslam for signature

  Senate Bill 2119, which is pending signature, would decouple Tennessee from certain aspects of federal tax reform.

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  Washington: White glove delivery services create substantial nexus

  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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