Maryland is now the most recent state to issue a Tax Alert regarding South Dakota V Wayfair, and it’s the vaguest guidance issued to date by any state. Although Maryland did consider both affiliate and click-through nexus statutes in the past, before Wayfair, Maryland was a physical presence state. In the Tax Alert issued this
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What is the R&D Tax Credit Software companies have traditionally qualified for the R&D Tax Credit against income tax. However, many software companies are not taxable and up until recently could not benefit from this credit. The Protecting Americans from Tax Hikes (PATH) Act of 2015 allowed qualified start-up companies (i.e., those with less than
Within 24 hours of Alabama’s announcement regarding its enforcement date of 10/1/2018 regarding its economic nexus law, Wisconsin became the first state without an economic nexus law to announce that they will apply the SD v. Wayfair decision by rule. “New standards for administering sales tax laws on remote sellers will be developed by rule.
Remote sellers received some clarity from Alabama today regarding its existing economic nexus and marketplace facilitator rules. Although remote sellers are not happy about the decision by the Supreme Court in SD v Wayfair, this announcement helps clear up confusion and concern that has existed since the ruling regarding states like Alabama that had economic