TWIST- July 29, 2019

All of this week’s TWIST episodes

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  Insight

  New Jersey: Guidance Issued on Combined Reporting and Banks

  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.

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  Insight

  Oregon: CAT Technical Corrections Signed Into Law

  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.

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  Insight

  Oregon: Legislation Addressing GILTI Enacted

  Recently enacted, Oregon Senate Bill 851 revises the state’s treatment of global intangible low-taxed income (GILTI).

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  Insight

  Rhode Island: Ten-Year Statute of Limitations Enacted

  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.

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  Insight

  Tennessee: Subpart F Income Considered a Dividend

  The Tennessee Department of Revenue has ruled that Subpart F income is treated as a dividend for franchise and excise tax purposes.