State & Local Tax
Illinois Remote Retailer Amnesty Program: Penalties Waived Through October 31, 2026
What Is the Illinois Remote Retailer Amnesty Program? Remote retailers that sell into Illinois without a physical presence in the state have a limited window to clean up past sales…
Read MoreQ2 2026 State Corporate Tax Update: OB3 Conformity, Rate Reductions, and Key Court Decisions
This edition of our state and local tax updates covers the second quarter of 2026, dominated by states responding to conformity with the federal “One Big Beautiful Bill” (OB3) legislation.…
Read MoreSB 122 Is Not Just a Sales Tax Story: What California’s New Law Means for Income Tax Nexus
Our earlier piece on SB 122 covered the sales tax side of California’s new SaaS tax: starting January 1, 2027, the law requires many software sellers to register, collect, and…
Read MoreWashington Millionaire Tax Repeal Is on the November 2026 Ballot — Here’s What’s at Stake
On March 30, 2026, Governor Bob Ferguson signed SB 6346 into law. The new law imposes a 9.9% tax on households earning annual income that exceeds $1 million (see our…
Read MoreCalifornia SaaS Sales Tax 2027: A Compliance Checklist for Sellers and Buyers
Starting January 1, 2027, California will tax prewritten software no matter how it’s delivered – ending the exemption that SaaS, downloaded software, and cloud-based access have relied on for years.…
Read MoreColorado Will Tax All Software Sales Starting 2027 Under HB 26-1223
On June 4, 2026, Governor Polis signed House Bill 26-1223 into law. Effective for transactions on and after January 1, 2027, Colorado software sales tax will apply to computer software…
Read MoreCalifornia Will Tax SaaS Starting 2027: What SB 122 Means for Sellers and Buyers
California has been one of the more favorable states for software transactions when it comes to sales tax. Prewritten software delivered on tangible media has long been taxable, but software…
Read MoreCalifornia Court Opens the Door to Three-Factor Apportionment for Capital-Intensive Businesses
In a decision that could reshape how multistate companies apportion income to California, the Los Angeles County Superior Court ruled in Smithfield Packaged Meats Corp. v. California Franchise Tax Board…
Read MoreIndiana Tax Amnesty 2026: No Penalties, No Interest, No Collection Fees Until September 9
If your business or individual clients have unresolved Indiana tax liabilities, the state’s first tax amnesty program in over a decade is offering an unusually favorable path to resolution, but…
Read MoreSection 1202 QSBS Regulations Are Coming — Here’s What to Document Now
For founders, early employees, and investors in qualifying C corporations, the Section 1202 gain exclusion represents one of the most valuable tax benefits in the U.S. tax code — and…
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