2019 Year-End Tax Guide

THE MARCUM 2019 YEAR-END TAX GUIDE | www.marcumllp.com

Just a year removed from the enacting of the Tax Cuts and Jobs Act and the Supreme Court’s Wayfair v. South Dakota decision, 2019 was a rather busy period for state and local tax professionals, as states scrambled to address the upheaval caused by both tax reform and the most monumental expansion of nexus in recent years.

$500,000

Update

Illinois

Nexus

“30 day threshold for non-resident taxability”

New York

“An increase in Sales of tangible personal proper ty to $500,000”

“House Bill 7127 requires Florida corporate income taxpayers to supply additional information” Florida

“ Has issued a proposal which states that nexus will be established if a taxable entity has gross receipts of $500,000 or more ” Texas

(Continued)

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