State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
7/12/2024
/ Exclusions ,
Franchise Taxes ,
Hurricane Season ,
Income Taxes ,
Local Taxes ,
Sales & Use Tax ,
Sales Tax ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Whistleblowers ,
Withholding Tax
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
5/24/2024
/ Franchise Taxes ,
Income Taxes ,
Local Taxes ,
Natural Gas ,
Partnership Interests ,
Pass-Through Entities ,
Sales Tax ,
SALT ,
Severance Tax ,
State and Local Government ,
State Taxes ,
Tax Credits ,
Tax Planning ,
Tax Rates
Commissioner of the Tennessee Department of Revenue (Department), David Gerregano, recently testified before the Revenue Subcommittee of the Senate Finance, Ways and Means Committee, regarding the Department's proposed...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
2/8/2024
/ Excise Tax ,
Income Taxes ,
Marijuana ,
Natural Disasters ,
Partnerships ,
S-Corporation ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Credits ,
Tax Planning ,
Tax Relief ,
Tax Returns
On January 22, 2024, Tennessee Governor Bill Lee's administration filed House Bill 1893 in the 2024 Session of the 113th General Assembly. The apparent purpose of House Bill 1893 is to address the potential constitutional...more
On January 4, 2024, Tennessee Governor Bill Lee announced plans to amend the Tennessee franchise tax to simplify the calculation of the franchise tax to "in effect give tax relief to businesses that are invested in our...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
11/29/2023
/ Earned Income Credit ,
Franchise Taxes ,
Income Taxes ,
Interest Rates ,
Local Taxes ,
Sales Tax ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Exemptions ,
Tax Planning ,
Tax Sales ,
Withholding Tax
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
8/18/2023
/ Interest Rates ,
Internal Revenue Code (IRC) ,
Local Taxes ,
Property Tax ,
Sales & Use Tax ,
Sales Tax ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Planning ,
Tax Sales
This month's SALT Select is dedicated to the memory of our colleague and friend, Robert L. Wollfarth, Jr. and the many contributions he made to our Firm. State and local taxes impact almost every taxpayer, and developments...more
Governor Lee's "Tennessee Works Tax Act" passed in the Senate on April 19, 2023, and thereafter was concurred with by the House on April 20, 2023. The Governor is expected to sign this legislation (the Act) into law. The Act...more
On April 5, 2023, the Tennessee Department of Revenue (Department) posted to its website certain selected informal conference summaries. As noted in this posting, the Department chose several topics of interest for this...more
The U.S. Supreme Court's decision in South Dakota vs. Wayfair, Inc. et al. represents a significant change in the sales tax collection and remitting responsibilities of all businesses, large and small, selling at retail...more