Upcoming National Meeting 2024 Spring Conference / Audit Session This three and a half day conference will bring multistate tax professionals, with various levels of experience in state and local income/franchise taxes and sales/use taxes together in an environment that allows for extensive interaction and exchange of information as well as updates on key SALT issues and insights regarding state tax trends and opportunities. The program is targeted to all level
Legislative Alert ISSUE 24-19; May 2, 2024 Data Extraction Mitigation Fee Introduced in California and Moving Fast
Cost Conscious ISSUE 24-08; April 19, 2024 State Corporate Income Tax Filing Methods (Part 1) – In recent years, many states have either changed or considered changing their default corporate tax filing. New Jersey adopted water’s-edge combined reporting in 2019 only to come back in 2023 with a proposal to allow the Director of Tax to “decombine” taxpayers. Maine, New Hampshire, and Vermont have studied the implementation of mandatory worl
COST - Council on State Taxation Amicus Briefs In the Matter of the Appeal of Microsoft Corporation and Subsidiaries, OTA Case No. 21037336 COST’s letter urges the OTA to change Microsoft’s designation to precedential. Microsoft held that Microsoft, a water’s-edge filer who received dividends from foreign subsidiaries that qualified for California’s DRD, properly included the deductible dividends in its sales factor denominator as “gross receipts.” The decision, released on April 2, was designated as nonprecedential. COST’s letter hig
COST - Council on State Taxation COST Studies, Articles & Reports 2024 State and Local Amnesty Programs
COST - Council on State Taxation COST Comments & Testimony Testimony In Opposition to A.B. 2829 – Digital Advertising Services Tax (Assembly Revenue & Taxation Committee) COST opposes California A.B. 2829, legislation based on Maryland’s digital ad tax, which will create a new, controversial, and untested gross receipts tax on revenues derived from digital advertising services in California, activities that are already sufficiently taxes under California’s income tax regime.