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This podcast for the week of April 1, 2019 covers state and local tax developments in Kentucky, Oregon, Tennessee, and a Multistate update on the Wayfair decision.

All of this week’s TWIST episodes

Insight

Kentucky: FAQ Addresses Corporate Tax Economic Nexus

KY addressed whether the sales and use tax economic nexus thresholds apply to the corporate income tax or limited liability entity tax.

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Insight

Oregon: Supermajority Vote not Required for Bill Decoupling from IRC section 199A Deduction

OR Tax Court addressed whether legislation to decouple from the IRC section 199A deduction for qualified business income required a supermajority vote.

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Insight

Tennessee: Appeals Court Rules in Taxpayer’s Favor in Business Tax Classification Dispute

TN Court of Appeals addressed whether the Department of Revenue properly reclassified taxpayer’s business activities for purposes of TN Business Tax.

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Insight

Multistate: More state reactions to Wayfair

State lawmakers continue to advance legislation addressing remote sellers and marketplace facilitators and many of these proposals are pending signature, or have recently been signed into law.

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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.