State and Local Tax News

IRS Issues Proposed Guidance on Controversial SALT Limitation

In recent weeks, the IRS has issued a series of proposed regulations to help clarify provisions of the Tax Cuts and Jobs Act (TCJA). One of the most controversial parts of the law is the limit on individuals’ deductions for state and local taxes (SALT) that goes into effect this year. In the wake of…

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Georgia tax credits update

Are you taking advantage of Georgia tax credits? By: Kiersten Gaudet, Senior Manager Georgia companies are giving an unexpected tax windfall to the state government. Some companies hiring new staff are passing up a credit of up to $4,000 per new job. Companies involved in research and development may be missing out on Georgia tax…

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Georgia Expands Definition of “Dealer”

Georgia Expands Definition of “Dealer” Creating Economic Nexus for Sales and Use Tax Effective January 1, 2019, Georgia has enacted legislation to expand the definition of a “dealer” for sales and use tax purposes. The term has been expanded to include those with retail sales of tangible personal property (TPP) from the previous or current…

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Sales Tax Legislation Update

New Sales Tax Environment A new U.S. Supreme Court ruling paves the way for states to require Internet sellers to collect sales tax from consumers — even if they don’t have a physical presence in the state. (South Dakota v. Wayfair, No. 17-494, June 21, 2018) In doing so, the Court has reversed the long-standing,…

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Physical Presence and Sales Tax Nexus

Physical Presence No Longer A Requirement for Sales Tax Nexus? On June 21, 2018, the US Supreme Court ruled in favor of South Dakota in South Dakota vs. Wayfair, Inc., thereby eliminating the need for a vendor to have physical presence within the State to create nexus. The State of South Dakota enacted a provision…

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