Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Kent DeBruin
Taxpayers Beware-Without an Exemption Certificate, Your Sales Might Not Be Exempt
This article was originally published in the Journal of State Taxation. In the U.S., businesses with nexus in a state must charge their customers sales tax on taxable transactions unless, and until, the purchaser accepts the proper exemption documentation in good faith. States generally provide many full or partial exemptions; the party claiming the exemption has the burden of demonstrating compliance with the law. Sales lacking proper exemption certificates could be deemed taxable.
Connecticut’s 2024 Budget Bill Extends Corporate Surcharge, Alters PTE Tax, and Reduces Personal Rates
On June 12, 2023, Connecticut Gov. Ned Lamont signed the budget bill (H.B. 6941), which includes three notable tax provisions: (1) an extension of the corporation business tax (CBT) surcharge for three years; (2) changes to the pass-through entity (PTE) tax; and (3) a reduction in personal income tax rates. Corporation Business Tax Surcharge Extended H.B. 6941 extends the CBT surcharge from income tax years beginning before January 1, 2023, to those beginning before January 1, 2026.
Consequences of the Multistate Tax Commission’s New Interpretation of P.L. 86-272
The following article, Consequences of the MTC’s new interpretation of P.L. 86-272, originally appeared in the May 2023 issue of The Tax Adviser. Congress has largely refrained from enacting federal legislation that directly affects state tax policy. However, one such statute – known in the tax world as P.L. 86-272 – was enacted in 1959 and is still alive today.
Maryland Supreme Court Dismisses Challenge to Digital Ad Tax; Controversial Tax Remains Enforceable
In a May 9 per curiam order, the Maryland Supreme Court dismissed Comcast’s challenge that Maryland’s digital advertising tax is unconstitutional and violates the Internet Tax Freedom Act (ITFA). The court did not address the merits of the case, instead dismissing on procedural grounds because Comcast failed to exhaust its administrative remedies before bringing the challenge in state court.
Multistate Internal Revenue Code Conformity Update (2023 Q1)
Since the beginning of the year, several states that conform to the Internal Revenue Code (IRC) as of a specific date – so-called fixed-date states – have enacted legislation updating their dates of conformity. This alert summarizes those developments thus far. Arizona On March 3, Arizona enacted S.B. 1171 to update its conformity to the IRC.
State and Local Income Tax Issues to Consider Before Making Your Next Tax Payment
State and local taxes represent a key and often material part of a business’s total tax liability. Many states are reporting budget surpluses, reducing tax rates and offering new credits and incentives, but states are also looking to expand taxation of the digital and internet economy.
Supreme Court to hear South Dakota v. Wayfair: Has the twilight of Quill arrived?
Editor: Kevin D. Anderson, CPA, J.D. On Jan. 12, 2018, the Supreme Court of the United States agreed to hear South Dakota v. Wayfair, Inc., No. 17-494 (U.S. 1/12/18) (petition for writ of certiorari granted). South Dakota is challenging, and attempting to have overturned, the physical presence nexus standard for the collection of sales and use taxes. The physical presence standard was established by the Court in National Bellas Hess, Inc. v. Illinois Dep't of Revenue, 386 U.S. 753 (1967).
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Kent
Contact Kent, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack