This podcast for the week of July 29, 2019 covers state and local tax developments in New Jersey, Oregon, Rhode Island, and Tennessee.
The New Jersey Division of Taxation issued another Technical Bulletin addressing the combined reporting provisions effective for privilege periods ending on and after July 31.
Recently signed, Oregon House Bill 2164 makes certain technical corrections to the new Corporate Activity Tax (CAT) law that is effective for tax years beginning on or after January 1, 2020.
Recently enacted, Oregon Senate Bill 851 revises the state’s treatment of global intangible low-taxed income (GILTI).
Senate Bill 5590 was signed into law in Rhode Island, it adopts a ten-year statute of limitations for purposes of sales and use, corporate income, personal income, and estate taxes.
The Tennessee Department of Revenue has ruled that Subpart F income is treated as a dividend for franchise and excise tax purposes.
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