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.
KY addressed whether the sales and use tax economic nexus thresholds apply to the corporate income tax or limited liability entity tax.
OR Tax Court addressed whether legislation to decouple from the IRC section 199A deduction for qualified business income required a supermajority vote.
TN Court of Appeals addressed whether the Department of Revenue properly reclassified taxpayer’s business activities for purposes of TN Business Tax.
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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