This podcast for the week of December 9, 2019 covers state and local tax developments in California, Illinois (city of Chicago), Iowa, South Carolina and Washington.
Under recently issued Notice 2019-07, taxpayers will receive an extension to the 15th day of the 11th month following the close of the taxable year.
The 2020 city budget approved by Chicago Mayor Lori Lightfoot and the City Council includes several tax increases as part of an overall plan to eliminate an estimated $850 million budget gap.
For tax years beginning on or after 1/1/2019, IA conforms to the federal Internal Revenue Code in effect on 3/24/2018, adopting many of the TCJA changes.
SC Department of Revenue has issued guidance addressing the taxability of delivery charges associated with sales of tangible personal property.
WA Department of Revenue issued a special notice discussing the surcharge that applies to select businesses engaged in advanced computing activities.
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