The Montana Supreme Court recently addressed whether a taxpayer—a combined group—was entitled to deduct 100 percent of the dividends received from 80/20 subsidiaries that were excluded from group's water's-edge combined report.

On July 11, 2019, Governor Parsons signed Missouri Senate Bill 87 into law.

On July 5, 2019, a California Superior Court judge rejected arguments that two ballot initiatives that raised City taxes had to be approved by a super-majority vote.

The Mississippi Chancery Court recently granted a taxpayer's motion for summary judgment.

Senate Bill 223, which was recently signed into law in Louisiana allows S corporations and other pass-through entities to elect to be taxed at the entity level, as if the entity were a C corporation.

Legislation pending signature in Oregon provides that any global intangible low-taxed income (GILTI) described in IRC section 951A and included in gross income will be treated in the same manner as a dividend received from a 20 percent owned corporation.

A Texas appeals court held that a taxpayer that operated an aquarium was not selling tangible personal property and was not entitled to deduct costs of goods sold (COGS) in computing its Texas Margin Tax liability.

Legislation enacted in Louisiana mandated that, when operating losses were carried over from multiple tax years, they were to be applied beginning with the loss for the most recent tax year.

If approved, an annual Mental Health Gross Receipts Tax would be imposed on persons and combined groups doing business in San Francisco if their Executive Pay Ratio exceed 100:1.

In Legal Ruling 19-01, the Franchise Tax Board provides guidance on what it considers to be appropriate subject matter for a request under R&TC section 25137 to vary from the standard apportionment formula.