Note from the Editors
Season’s Greetings! While the weather outside might be frightful, we hope our readers have found every issue of The BR State + Local Tax Spotlight this year to be delightful. We wish you and yours a happy holiday season and much success in the new year.
Welcome to the December 2024 edition of The BR State + Local Tax Spotlight. We know the importance of remaining up-to-date on State + Local Tax developments, which appear often and across numerous jurisdictions. Staying informed on significant legislative developments and judicial decisions helps tax departments function more efficiently, along with improving strategy as well as planning. That is where The BR State + Local Tax Spotlight can help. In each edition, we will highlight important State + Local Tax developments that could impact your business. In this issue, we will be covering:
- Virginia Court Rules That Corporation Is Not Unitary with 17% Owned Limited Liability Company
- Asphalt Company Not Liable for $2.6 Million in Sales Tax Where Judge Found No Sale
- Sales Tax Refunds: The Procedure Quagmire
We invite you to share The BR State + Local Tax Spotlight with your colleagues and visit Blank Rome’s State + Local Tax webpage for more information about our team. Click here to add State + Local Tax to your subscription preferences.
Joshua M. Sivin and Melanie L. Lee
ARTICLES
Virginia Court Rules That Corporation Is Not Unitary with 17% Owned Limited Liability Company
The Virginia Court of Appeals has held that the Department of Taxation cannot require a corporation to include the income and factors of a 17% owned limited liability company with its own income and factors, demonstrating that entities taxed as partnerships are not always unitary regardless of a taxing agency’s position. Read More >>
Asphalt Company Not Liable for $2.6 Million in Sales Tax Where Judge Found No Sale
It should be obvious that a state may not impose sales tax where there is no sale. Read More >>
Sales Tax Refunds: The Procedure Quagmire
No one can accurately claim that state taxes are simple—especially sales taxes. Read More >>
WHAT'S SHAKING: BLANK ROME STATE + LOCAL TAX ROUNDUP
Blank Rome’s nationally prominent State + Local Tax attorneys are thought leaders in the community as frequent guest speakers at various local and national conferences throughout the year. Our State + Local Tax attorneys believe it is necessary to educate and inform their clients and contacts about topics that will impact their businesses. We invite you to attend, listen, and learn as our State + Local Tax attorneys interpret and discuss key legal issues companies are facing and how you can put together a plan of action to mitigate risk and advance your business in accordance with state and local tax laws.
Read More >>
© 2024 Blank Rome LLP. All rights reserved. Please contact Blank Rome for permission to reprint. Notice: The purpose of this update is to identify select developments that may be of interest to readers. The information contained herein is abridged and summarized from various sources, the accuracy and completeness of which cannot be assured. This update should not be construed as legal advice or opinion, and is not a substitute for the advice of counsel.
