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This podcast for the week of February 25, 2019 covers state and local tax developments in Florida, North Carolina, Virginia and a Multistate update on the Wayfair decision.

All of this week’s TWIST episodes

Insight

FL: Sales Of Services Sourced Based on the Customer’s Location

In a recent Technical Assistance Advisement, the FL Dept of Revenue addressed how a service provider should source its receipts to FL.

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Insight

NC: Net Economic Losses Must be reduced by Deductible Dividends

NC trial court recently addressed whether a taxpayer was required to reduce its Net Economic Losses (NELs) to account for non-taxable dividends.

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Insight

VA: Fourth Circuit Rules that Virginia Stormwater Charge is a Fee, Not a Tax

The Fourth Circuit Court of Appeals recently held that a utility charge imposed by the City of Roanoke was a fee, not a tax.

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Insight

Multi: More State Responses to Wayfair

Eight months after the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair, states continue to enact legislation and issue guidance in response to the decision.

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The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.