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State Tax Matters - October 16, 2009

2009-42

Publish date:

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

  • Multistate Tax Alerts
    - Potential state income tax impact of Obama administration’s proposed international tax law changes
  • Tax Amnesty
    - Louisiana: Reminder - Tax amnesty program expires on October 31
    - Pennsylvania: New law enacts amnesty program that begins on April 26, 2010 and ends on June 18, 2010
  • Income/Franchise Tax
    - Arizona: Net gains from secondary loan market are included in sales factor, but sourcing is not based on location of realty
    - California: New law makes IRS Notice 2008-83 regarding bank losses inapplicable
    - Pennsylvania: New law changes NOL limitation, increases sales factor weighting, and extends franchise tax phase-out
  • Sales/Use Tax
    - North Carolina: Packaging material exemption requires general enclosure, not full encapsulation
  • Statements
    - Leading practices in managing the sales tax function
  • Training Opportunities
    - 2009 Income Tax Accounting Training

See attached file for details.

Visit the State Tax Matters archive for issues from the past six months.

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