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State Tax Matters - June 1, 2012

Issue 2012-22


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U.S. FlagPrepared by the Deloitte Tax LLP Multistate Tax Knowledge Management Group

  • Multistate Tax Alerts
    - Arizona Expands Tax Credits, Passes Deductions for Bonus Depreciation and Long- Term Capital Gains for Individuals, and Increases Net Operating Loss Carryforward Period for Corporations
    - Kansas Enacts Individual Income Tax Law Changes
  • Income/Franchise
    - Vermont: New Law Updates State Conformity to IRC; Increases Minimum Tax
    - West Virginia: State High Court Holds that Royalty Company Lacks Substantial Nexus Because Licensing Activity with Manufacturers Occurs Outside the State

See attached file for details.

Visit the State Tax Matters archive for issues from the past year.

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