Senate Bill 99, North Carolina's budget bill, which updates NC's definition of the Internal Revenue Code to capture the Code as of February 9, 2018, was enacted over Governor Cooper's veto on June 12, 2018.

A NY Administrative Law Judge (ALJ) recently addressed whether a taxpayer engaged in generating electricity at a plant in New York was a "qualified New York manufacturer".

Recently, a Texas appeals court addressed whether a telecommunications provider could deduct electricity used to generate and transmit its telecom products as costs of goods sold (COGS).

The Rhode Island Division of Taxation recently proposed a regulation to provide guidance on how corporations will report deferred foreign income or section 965 income for the 2017 tax year.

Senate Bill 99, North Carolina's budget bill, which updates NC's definition of the Internal Revenue Code to capture the Code as of February 9, 2018, was enacted over Governor Cooper's veto on June 12, 2018.

A NY Administrative Law Judge (ALJ) recently addressed whether a taxpayer engaged in generating electricity at a plant in New York was a "qualified New York manufacturer".

The Colorado Department of Revenue recently issued guidance that any amounts included in income under IRC section 965 must also be included in the amount of federal taxable income reported on the taxpayer's CO return.

Several states, including Illinois, Louisiana, Hawaii, and Connecticut, are in the process of either implementing or finalizing the adoption of economic nexus standards for sales and use tax.

In a letter ruling, the Pennsylvania Department of Revenue ruled that two taxpayers did not meet the definition of a "referrer," as specified under the recently enacted Marketplace Sales Act.

The Michigan Department of Treasury issued preliminary guidance on the Michigan Corporate Income Tax treatment of IRC section 965 income and Global Intangible Low Taxed Income or GILTI.