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SALT Update – Recent Developments

Alabama Enacts Tax Delinquency Amnesty

On September 21, 2015, Alabama enacted the Alabama Tax Delinquency Amnesty Act of 2016.  This act requires the Department of Revenue to run a tax amnesty program in 2016 for at least a 2-month period prior to August 31, 2016.  For more information, click here.

Maryland Launches New Website to Claim Refunds as a Result of Wynne
Maryland Governor Larry Hogan and Comptroller Peter Franchot launched a new website to help Maryland taxpayers receive refunds in the wake of the decision in Comptroller of the Treasury of Maryland v. Wynne.  For more information, click here.

Michigan Court of Appeals Held Retroactive Repeal of MTC Was Valid
The Michigan Court of Appeals held that S.B. 156 (P.A. 282) which retroactively repealed the state’s Multistate Tax Compact (MTC) provisions was a valid act by the state legislature.  For more information, click here.

Missouri Issues Private Letter Ruling Regarding Taxability of Software
On August 21, 2015, the Missouri Director of Revenue issued Private Letter Ruling LR 7615 regarding the taxability of canned software, custom software, software licenses, and maintenance agreements.  For more information, click here.

North Carolina Budget Bill Phases in Single Sales Factor and Lowers Rates
On September 18, 2015, North Carolina Governor Pat McCrory signed the 2015 Appropriations Act which reduces corporate income tax rates, puts a provision in place for further reductions of the tax rate, and phases in a single sales factor, among other items.  For more information on the changes, click here.

Nevada Provides FAQs on the New Commerce Tax
On September 8, 2015, the Nevada Department of Taxation issued a set of question and answers, along with other information, regarding the newly enacted Commerce Tax.  For more information, click here.

New Hampshire Overrides Governor’s Veto and Enacts the FY 2016-2017 Budget
On September 28, 2015, the New Hampshire Legislature enacted H2, the FY 2016-2017 budget bill, by overriding Governor Maggie Hassan’s veto.  This bill lowers business taxes and provides a tax amnesty and voluntary disclosure program.  For more information on the changes, click here.

David R. Venanzi, Jr. is a senior accountant in the State and Local Tax Group, providing income tax and sales and use tax consulting.

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