TWIST - April 8, 2019

All of this week’s TWIST episodes

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  Insight

  Georgia: Department Addresses Computation of Income when Taxpayer Treaty Protected for Federal Purposes

  In a recent letter ruling, the Georgia Department of Revenue addressed whether a Canadian company was exempt from Georgia corporate income tax when it was exempt from federal income tax under the Canada-U.S. Treaty.

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  Insight

  Idaho: Retroactive Legislation Revises Treatment of Section 965 Income, GILTI, and FDII

  Legislation recently signed into law in Idaho revises the state’s treatment of section 965 income and GILTI and conforms to FDII.

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  Insight

  New York: Budget Agreement Includes Numerous Tax Changes

  On April 1, 2019, NY budget bills, which include numerous tax changes, were presented to Governor Cuomo for signature.

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  Insight

  Oregon: Wholesalers Accepting Returns on Behalf of Taxpayer Caused Loss of Public Law 86-272 Protection

  The Oregon Tax Court recently addressed whether a taxpayer was protected from Oregon taxation under Public Law 86-272.

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  Insight

  Multistate: More State Responses to Wayfair

  State lawmakers continue to enact economic nexus legislation to take advantage of the authorization contained in the U.S. Supreme Court’s decision in South Dakota v. Wayfair.