TWIST - August 19, 2019

All of this week’s TWIST episodes

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  Insight

  Florida: Guidance Issued on GILTI Subtraction and Bonus Depreciation

  The Florida Department of Revenue recently issued guidance on certain tax reform related items.

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  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.

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  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.