TWIST - July 22, 2019

All of this week’s TWIST episodes

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  Insight

  Kentucky: Optional Liability Waivers Not Subject to Sales tax

  Recently KY Court of Appeals affirmed a trial court decision holding that optional liability waiver fees were not subject to sales tax.

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  Insight

  Louisiana: BEAT Not Deductible as an Income Tax

  The LA Department of Revenue recently clarified that, in its view, the new federal Base Erosion and Anti-Abuse Tax (BEAT) is not included in the calculation of the federal income tax deduction.

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  Insight

  Maine: New Unclaimed Property Law Enacted

  On June 27, 2019, Gov. Janet Mills signed Senate Bill 481 (LD 1544), effective 10/01/19, which repeals the existing ME unclaimed property law and replaces it with a modified version of the 2016 Uniform Unclaimed Property Act.

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  Insight

  Multistate: More State Reactions to Wayfair

  State lawmakers continue to enact legislation and issue guidance in response to the U.S. Supreme Court’s decision in South Dakota v. Wayfair. This week includes Ohio and Wisconsin.

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  Insight

  Oregon: Opponents of the CAT Appear to Shift Direction

  OR House Bill 3427, signed by Gov. Brown on May 16, 2019, adopted the new Corporate Activity Tax effective January 1, 2020.