The American Catalog Mailers Association (ACMA), which describes itself as the nation’s leading industry trade association advocating for catalog, online, direct mail, and other remote-selling merchants and their suppliers, has filed suit against the California Franchise Tax Board (FTB) in the San Francisco County Superior Court of California. ACMA’s complaint…
The Pennsylvania Governor signed H.B. 1342 to enact changes to the state’s corporate income tax.[1] The legislation modifies the corporate income tax in three ways: (1) adopts a bright-line economic nexus standard; (2) adopts market sourcing for receipts from intangibles; and (3) reduces the corporate tax rate and gradually continues…
Our federal tax colleagues analyzed the corporate tax provisions in the Inflation Reduction Act, including the 15-percent minimum tax on corporations and the excise tax on stock buybacks. Read More: Inflation Reduction Act of 2022 Includes New Corporate Tax Provisions (pillsburylaw.com)
Pillsbury partners Breann Robowski and Jorge Medina will be participating in the Wichita Property Tax Conference taking place on July 24-28. The Wichita Property Tax Conference is an annual conference hosted on the campus of Wichita State University. It is a well-attended conference for both newcomers and advanced professionals involved…
The California Court of Appeal held a nonresident S corporation shareholder’s pro rata share of gain on the sale of goodwill classified as business income by the S corporation has a California source and is subject to tax for personal income tax purposes to the extent of the S corporation’s…
Pillsbury SALT partner Robert P. Merten III will be participating as an instructor in the 2022 Summer Tax Institute put on by the UC Davis School of Law. The 32nd annual Summer Tax Institute is scheduled for June 13-16, 2022. It is an intensive, four-day educational program for tax professionals.…
Pillsbury SALT partner Breann Robowski will participate in the CalTax webinar series on June 7. Breann is partnering with Cris O’Neall (Greenberg Traurig) and Richard Ayoob (Ajalat, Polley, Ayoob, Matarese & Broege) to present on the topic, “Is Due Process Possible in Remote Assessment Appeals Hearings?” The speakers will discuss…
Pillsbury SALT partner Carley Roberts will be participating in a panel discussion on income tax at the CalTax Annual Meeting on June 2. Carley is partnering with Shail Shah (Reed Smith LLP) and Michael Vigil (Andersen) to discuss the topic, “Navigating California Income Tax: An Essential Update on the FTB.”…
Pillsbury SALT partner Breann Robowski will present during the 2022 ABA/IPT Virtual Advanced Tax Seminars in March. The Institute for Professionals in Taxation and the ABA Section of Taxation will once again host three jointly sponsored seminars in Sales Tax, Property Tax, and State Income Tax. These seminars will feature…
The Alabama Tax Tribunal held the taxpayers’ wholesale sales of fuel that entered and exited the state via the Colonial Pipeline were subject to the state’s wholesale oil license fee. The sales in question were made to Alabama license holders and involved fuel imported from out-of-state. The fuel would either…