Tuesday, November 29, 2011

SALT To Taste: Louisiana - "Can't Touch This"

Geoff Christian, Jimmy Helms

The Louisiana Court of Appeal, First Circuit, recently issued its decision in UTELCOM, Inc. and UCOM, Inc. v. Bridges, overturning the trial court’s granting of partial summary judgment on behalf of the State.  This newsletter focuses on the limitations that exist in assessing Louisiana franchise tax on activities associated with a limited partnership interest and how this decision could reduce your Louisiana tax burden.

Read the entire SALT To Taste here.

Monday, November 14, 2011

Dow Lohnes Price: Top 20 Tax Law Blog of 2011

 LexisNexis Tax Law Community 2011 Top 50 Blogs

Dow Lohnes Price's blog was selected as one of the LexisNexis Top 20 Tax Law Blogs of 2011. 

Thank you.

The Non-Tax-Executive’s Guide to State Taxes

Published in CFO.com

CFOs should be aware that decisions with seemingly little tax impact can spawn significant state tax exposures.

Please click here to read the full article by Dow Lohnes Price professionals Kellie Lanford and Marshal Kline.

Friday, November 4, 2011

State Tax Alerts - This Week's Stories Worth a Second Look

Rusty Little

In case you missed them, the following is a summary of a few key state tax developments, news articles, and observations during the past week:
  • Simon Property Group sues Indiana over e-commerce sales tax – from Bloomberg Businessweek
  • Here's the latest on the Enzi-Alexander sales tax bill (the 3rd online sales tax bill) – from CBS News
  • New York Public Employees Federation agrees to wage and benefits concessions. 37 of the 42 New York Department of Taxation and Finance attorneys were to be laid off which would have greatly affected many functions in the Department of Taxation including petitions for advisory opinions - from the New York Times
  • Colorado Voters Reject Income and Sales Tax Increase – from the Denver Post
  • Illinois H.B. 3869 is introduced to repeal click-through nexus law – from Illinois Representative Dave Winters
  • More taxpayers are now eligible for North Carolina VDA program and lookback period changed from 4 years to 3 years – from NCDOR
  • Ohio proposed rule on amnesty payment plan is revised – from CCH
  • Rhode Island Proposed Reg CT 11-15 requires proforma combined reporting disclosure (even though Rhode Island is separate return state) – from CCH
  • Texas: Constitutional challenge to franchise tax filed – from CCH