This podcast for the week of January 14, 2019, covers state and local tax developments in New Jersey, New Mexico, and Pennsylvania, as well as a multistate update on Wayfair developments.
The NJ Division of Taxation recently released two technical bulletins that provide guidance on GILTI and FDII.
Recently, a New Mexico Hearing Officer ruled that the Department of Taxation and Revenue failed to establish that deviation from a financial institution’s apportionment factor was warranted.
The Pennsylvania Department of Revenue recently issued a Corporation Tax Bulletin addressing the sales factor treatment of hedging related receipts.
States covered include Texas, Virginia, Missouri, South Carolina, and Pennsylvania.
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