Pillsbury SALT partner Carley Roberts will be presenting at TEI’s Annual Conference on October 25. Carley will present on the topic, “SALT Considerations During an Economic Slowdown.”
29th Annual Paul J. Hartman State and Local Tax Forum
Pillsbury SALT attorney Zachary Atkins will be presenting at the 29th Annual Paul J. Hartman State and Local Tax Forum on October 21.
Zachary is partnering with Richard Cram (Multistate Tax Commission) and Joe Garrett (Deloitte Tax LLP) to present on the topic, “Market Sourcing and Factor Presence Nexus Trends.” The speakers in this session will discuss trends regarding states’ adoption of market-based sourcing of services and factor presence nexus standards, constitutional issues raised by those trends, as well as P.L. 86-272 concerns.
2022 Western States Petroleum Association Tax Education Forum
Pillsbury SALT partner Breann Robowski will be presenting at the 2022 WSPA Tax Education Forum on September 13.
Pennsylvania Legislation Provides Updates to Corporate Income Tax Law
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 to reduce the rate over the next eight years. Continue Reading ›
Inflation Reduction Act of 2022 Includes New Corporate Tax Provisions
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)
New Jersey Supreme Court Requires Factual Record in Jersey City Payroll Tax Dispute
The New Jersey Supreme Court upheld a lower court decision that Jersey City’s payroll tax was not a facial violation of the U.S. Constitution but remanded the matter to create a factual record to evaluate an as-applied challenge to the tax.
Enacted in 2018, the Jersey City payroll tax applies to employers with payroll exceeding $2,500 in any calendar quarter and is based on the employer’s nonresident employee payroll sourced to Jersey City. The payroll tax statute sources a nonresident employee’s payroll to Jersey City if the employee works in or is supervised from Jersey City. Continue Reading ›
COST’s 2022 SALT Workshop for Technology Companies
Pillsbury SALT partners Robert P. Merten III, Carley Roberts, Breann Robowski and Jeffrey Vesely will present during COST’s SALT Workshop for Technology Companies on August 10 and 11.
COST’s Southeast Regional State Tax Seminar/Healthcare Indirect Tax Seminar
Pillsbury SALT attorneys Robert P. Merten III, Zachary Atkins, Evan Hamme and Aruna Chittiappa will be presenting during COST’s Southeast Regional Seminar/Healthcare Indirect Tax Seminar on August 4th and 5th.
Wichita Property Tax Conference
Pillsbury partners Breann Robowski and Jorge Medina will be participating in the Wichita Property Tax Conference taking place on July 24-28. Continue Reading ›
California Court Holds Nonresidents’ Pass-through Income from Intangibles Is Taxable if It Is Classified as Business Income at the Entity Level.
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 California apportionment formula and is not sourced 100 percent to the nonresident shareholder’s domicile. Continue Reading ›