On December 31, 2015, a California Supreme Court decision ended a 6 year long debate regarding the State’s Multistate Tax Compact (“Compact”) election (Gillette Company v. Franchise Tax Bd., No. S206587, Dec. 31, 2015). While Gillette has indicated it will appeal to the United States Supreme Court, the professional community is mixed on whether the […]
Breckenridge, Colorado, home to one of the busiest ski resorts in the US, has enacted a tax on lift tickets. The 4.5% tax applies to all single and multi-day lift passes, but excludes season passes and multi-resort passes. The revenue is earmarked for combating parking and traffic congestion issues in the small resort town. For […]
The MN Department of Revenue recently created a flowchart for non-profits answering the question: Do I need to charge sales tax on my fundraising sales? The newly created decision tree will help determine whether to charge and collect sales tax during a charitable fundraising activity. View the MN DOR Flowchart.
If you ever found yourself wondering how to interpret the “benefit received” test for sourcing service revenue, Michigan has heard your frustration. The Michigan Department of Treasury recently released Revenue Administrative Bulletin 2015-20, which provides some much needed context to the application of the benefit received test for purposes of sourcing service receipts as part […]
California reminds us that occasional sale exclusions don’t exist only in the sales tax world! Chief Counsel Ruling 2015-01 discusses how Cal. Code Regs. 25137(c)(1)(A) can work to exclude certain substantial and occasional receipts from the sales factor for corporate franchise tax purposes. Having a good understanding of how a significant sale of assets can […]