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Recent State and Local Tax Developments Affecting Financial Institutions  


Author:  John P. Barrie.


Source: Volume 30, Number 03, Spring 2017 , pp.43-46(4)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

This issue’s column summarizes an assortment of recent state and local tax decisions of interest to the financial institution community. Featured are decisions from Oregon (Capital One Auto Finance Inc. v. Department of Revenue), Massachusetts (Techtarget, Inc. v. Commissioner of Revenue), New York (Draft Proposed Regulations Under Article 9-A of New York Business Corporation Franchise Tax), California (California Franchise Tax Board approved Regulation Section 25136-2), Delaware (Temple-Inland, Inc. v. Cook), Illinois (Citibank, N.A. v. The Illinois Department of Revenue and Chrysler Financial Services Americas LLC v. The Illinois Department of Revenue), and New Jersey (Bank of America Consumer Card Holdings v. N.J. Div. of Taxation).

Keywords: physical presence, securities corporation, business apportionment fraction, receipts sourcing, definition of “branch, unclaimed property, sales tax refunds

Affiliations:  1: Bryan Cave LLP.

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