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State & Local Tax News, June 2022

2-Jul-12-2022-03-39-28-69-PM

Colorado Expands Pass-Through Entity Tax

Colorado amended its PTE tax to increase potential tax benefits by making it retroactive to 2018 and providing PTE owners with a tax credit instead of an income exclusion.

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5-Jul-12-2022-03-39-28-70-PM

New York Enacts Tax Credit for Digital Game Developers

Attention New York game developers – the State’s recent budget legislation established a tax credit for digital game development beginning in 2023. Find out if you qualify!

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4-Jul-12-2022-03-39-28-72-PM

Washington Rules that Nonresident Seller Using Amazon’s FBA has Nexus

If you sell goods via online marketplaces and the marketplace facilitator is collecting and remitting sales tax on your sales, you may still be liable for other state taxes.

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3-Jul-12-2022-03-39-28-70-PM

Massachusetts Rejects Attempt to Tax Out-of-State Entity’s Gain from Sale of Partnership

Analyzing the state income tax consequences of selling a partnership interest is complicated, and a recent Massachusetts decision does little to provide clarity.

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