Current Developments in State and Local Tax

Important decisions and developments in state and local tax that arose during the past few months are presented. On Sep 16, 2014, the Michigan Court of Appeals held that Lorillard Tobacco Co was permitted to elect to use the three-factor apportionment formula under the Multistate Tax Compact on its...

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Bibliographic Details
Published in:Journal of State Taxation 2014-12, Vol.33 (1), p.11
Main Authors: Fields, Craig B, Gibilaro, Eugene J, Hafizov, Rinat
Format: Article
Language:English
Subjects:
Administrative law
Apportionment
Automobiles
Corporate taxes
Electricity
Employees
Energy industry
Expenditures
Liability
Manufacturers
Manufacturing
Net income
Receipts
Sales
State court decisions
State laws
State taxes
Tax courts
Tax returns
Taxable income
Taxation
Vehicles
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Summary:Important decisions and developments in state and local tax that arose during the past few months are presented. On Sep 16, 2014, the Michigan Court of Appeals held that Lorillard Tobacco Co was permitted to elect to use the three-factor apportionment formula under the Multistate Tax Compact on its 2008 Michigan Business Tax return. In holding for Lorillard, the Court of Appeals relied upon the Michigan Supreme Court's recent decision in IBM v. Michigan Department of Treasury. On Oct 8, 2014, the Court of Appeals of South Carolina upheld the determination of the Administrative Law Court denying Duke Energy's request for a refund of income taxes that it paid between 1978 and 2001. On Sep 18, 2014, the New York State Tax Appeals Tribunal reversed the determination of an Administrative Law Judge and held that two related corporations were permitted to file combined reports.
ISSN:0744-6713