California – Inflation Adjusted Nexus Thresholds

SALT Report 2000 – In the most recent issue of Tax News, the California Franchise Tax Board announced the inflation-adjusted property, payroll, and sales factor nexus thresholds. The new rates will be used to determine whether a multistate corpora… Continue reading California – Inflation Adjusted Nexus Thresholds

Michigan – General Sales Tax and Use Tax Amendments

SALT Report 1999 – The Michigan State Legislature recently passed a bill, SB 264, that amends the state’s Use Tax Act and the General Sales Tax Act. The amendments modify how and when retailers will be required to remit the taxes they have collect… Continue reading Michigan – General Sales Tax and Use Tax Amendments

Idaho – Taxpayer’s Misuse of Bad Debt Tax Credit Led to Assessment

SALT Report 1998 – The Idaho Tax Commission issued a ruling regarding a Taxpayer’s use of the bad debt sales tax deduction. At issue in this case are unsecured credit transactions and the methods the Taxpayer used to account for the sales tax it c… Continue reading Idaho – Taxpayer’s Misuse of Bad Debt Tax Credit Led to Assessment

Oklahoma – Changes Made to Business Tax Accounts and Forms

SALT Report 1997 – The Oklahoma Tax Commission issued a reminder for tax preparers, software developers and business taxpayers that several changes have been made to their business tax accounts. Changes include the issuance of new account identifi… Continue reading Oklahoma – Changes Made to Business Tax Accounts and Forms