State and Local Tax News

New York State and Local Tax Updates December 2018

New York Dept of Taxation and Finance Issues Permanent Rule December 14, 2018 The New York Dept. of Taxation and Finance has issued a permanent rule adopting the NY State and the City of Yonkers withholding tables and other methods. The rule repeals and adds new appendixes, the NY state and City of Yonkers withholding…

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Michigan State and Local Tax Updates December 2018

A new form is available in Michigan for customer refund requests December 14, 2018 Effective 1/1/19, a purchaser may request a refund from the MI Dept. of Treasury in circumstances when the purchaser failed to present a claim of exemption or otherwise notify the seller of an available exemption from sales or use tax at…

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Baseball promo items qualify for Ohio’s resale exemption

Baseball promo items qualify for Ohio’s resale exemption The OH Supreme Court has ruled that promotional items purchased by a professional baseball team and distributed at games were transferred with the purpose to “resell” them for consideration. Thus, they qualified for the resale exemption from sales tax. The merchandise included bobbleheads, shirts, and caps. Testimony…

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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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