Insight Florida: Guidance Issued on GILTI Subtraction and Bonus Depreciation The Florida Department of Revenue recently issued guidance on certain tax reform related items.
Insight Louisiana: Medical Devices Exempt Under the Constitutional Exemption for Prescription Drugs The Louisiana Court of Appeals recently held that the constitutional prohibition against imposing sales and use taxes on “prescription drugs” extended to medical devices.
Insight New York: Litigation Support Services Receipts were Other Business Receipts The NY Tax Appeals Tribunal recently determined that a taxpayer’s receipts from web-based litigation support services were other business receipts, rather than service receipts.