Holland & Hart tax partner Steve Young, leader of the firm’s Tax and Benefits practice, was quoted in two Law360 Tax Authority articles commenting on the state and local tax cases and policies to watch in 2024.
Young told Law360 that he expects to see more challenges related to P.L. 86-272 and the Multistate Tax Commission’s (MTC) updated statement focused on the internet age, saying, "The MTC took it upon themselves to implement P.L. 86-272,” in the absence of Congress updating the law, which was supposed to be temporary, Young said. "I think, personally, they just went too far."
Discussing mobile workforce and remote seller threshold state policies, Young said “he expects the remaining states that impose a transaction threshold, which states typically set at 200 annual sales, to scrap that requirement in favor of keeping just a monetary threshold.” Adding most states “use a $100,000 threshold, and although they have varying ways of calculating which sales count toward that figure, getting rid of the transaction threshold alleviates compliance hurdles for small sellers and frees up resources at state tax departments that would process returns with little or no tax due.” Young also shared with Law360, he “anticipates more states will consider enacting a mobile workforce exemption law that subjects most individuals to income tax only if they spend a certain number of days there.”
Read Law360 Tax Authority’s “State And Local Tax Cases To Watch In 2024,” January 1, 2024 (subscription required)
Read Law360 Tax Authority’s “State And Local Tax Policy To Watch In 2024,” January 1, 2024 (subscription required)