Starting the new year off with legislation aimed directly at the pockets of corporate taxpayers, New York has issued a legislative proposal to nearly cut in half corporate taxpayersâ available GILTI exemptions, and at the same time almost double the top corporate franchise tax rate. Senate Bill 953 (âSB953â), pre-filed in the state senate on January 8, 2025, has the potential to significantly increase New York franchise tax exposure for corporations doing business in the…
The Florida Department of Revenue issued a Technical Assistance Advisement concluding that a taxpayerâs online learning services were subject to the stateâs Communications Services Tax (âCSTâ) as a âvideo serviceâ (statutorily defined as âthe transmission of video, audio, or other programming service to a purchaser âŚâ and includes âdigital videoâ), while the taxpayerâs sales of an internal email service were nontaxable âinformation services.â  Florida Dep’t of Revenue, Technical Assistance Advisement 22A19-002R (Oct. 7, 2022). The…
New York lawmakers recently introduced two bills to expand the application of the New York State False Claims Act (âFCAâ). The first intends to require the FCA to apply to non-filers, the second to remove the scienter element (i.e., no longer imposing a âknowingâ requirement). Although both bills are retroactive and concerning, removing the scienter element should put all businesses on high alert as enforcement of the tax laws could now be in the hands…
On Monday, July 27, the Senate Finance Committee released draft legislative provisions (âCOVID-19 Billâ) regarding the next iteration of Coronavirus relief. Somewhat surprisingly, the provisions include the Remote and Mobile Worker Relief Act of 2020, which was introduced earlier this year as S. 3995 by Sens. Sherrod Brown (D-OH) and Jon Thune (R-SD). S. 3995 appears to be based on S. 604, the Mobile Workforce State Income Tax Simplification Act (âMobile Workforce Actâ), which was…