Searching Content by Mary Kay McCalla Martire from McDermott Will & Emery ordered by Published Date Descending.
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Illinois Fiscal Year 2020 Income And Franchise Tax Changes
The Illinois General Assembly enacted a number of new tax measures in a flurry of activity at the end of its legislative session.
United States
26 Jun 2019
Illinois Moves One Step Closer To Enacting Captive Reform
The Illinois Department of Insurance, key industry groups and several large Illinois-based taxpayers also support the legislation.
United States
23 Nov 2018
Illinois Department Of Revenue To Waive Penalty For Late Filing Of Business Income Tax Returns Due October 15
The Illinois Department of Revenue (Department) announced that it will grant abatement of late filing penalties for taxpayers that file their Illinois business income tax returns...
United States
15 Oct 2018
Illinois Department Of Revenue Issues Post-Wayfair Guidance Implementing October 1 Economic Nexus Law
In June 2018, just before the US Supreme Court ruling in Wayfair, Illinois enacted an economic nexus standard modeled after South Dakota's law.
United States
2 Oct 2018
Illinois Captive Insurance Regulatory And Tax Reform
A captive insurance and self-procurement tax law is awaiting the governor's signature in Illinois. This new business-friendly law may provide a substantially improved environment
United States
24 Aug 2018
Illinois Budget Bill Makes Few Tax Changes Except The Adoption Of An Economic Nexus Standard
On June 4, Illinois Governor Bruce Rauner signed into law the state's fiscal year (FY) 2019 budget implementation bill, Public Act 100-0587 (the Act).
United States
19 Jun 2018
Circuit Court Of Cook County Upholds City Of Chicago's Imposition Of Amusement Tax On Internet-Based Streaming Services
On May 24, 2018, the Circuit Court of Cook County granted the City of Chicago's Motion for Summary Judgment in the case captioned Labell v. City of Chicago, No. 15 ...
United States
12 Jun 2018
Oregon Bars Use Of Three Factor Apportionment Formula
In Health Net Inc. v. Dep't of Revenue, Docket No. S063625 (Apr. 12, 2018), the Oregon Supreme Court rejected a business taxpayer's constitutional challenges to a 1993 Oregon statute...
United States
20 Apr 2018
Choices For Illinois Taxpayers In Implementing The 2017 Income Tax Rate Increase
Last year, Illinois enacted a mid-year income tax rate increase. Effective July 1, 2017, Illinois increased the income tax rate for individuals, trusts and estates from 3.75 percent to 4.95 percent, and for corporations from 5.25 percent to 7 percent.
United States
19 Feb 2018
Illinois Appellate Court Overturns Tax Tribunal Ruling For The First Time
On December 29, 2017, the Illinois Appellate Court issued a ruling reversing the decision of the Illinois Independent Tax Tribunal in Waste Management of Ill., Inc. v. Ill. Independent Tax Tribunal...
United States
10 Jan 2018
Taxpayers May Not Prepay Income Tax To Avoid Cap On SALT Deduction
The federal tax reform package recently approved by Congress (the Bill) contains a cap on the state and local tax deduction that may be claimed by individuals on their federal income tax returns.
United States
27 Dec 2017
Preparing For The Repeal Of Cook County's Beverage Tax: Requesting Credits And Refunds
Earlier this fall, the Cook County Board voted to repeal its constitutionally suspect, politically unpopular one cent per ounce sweetened beverage tax (Tax).
United States
22 Nov 2017
Illinois DOR Proposes Use Tax Nexus Standards For Trade Show Retailers
The Illinois Department of Revenue (Department) has issued a proposed new administrative rule addressing the nexus implications for out-of-state retailers attending trade shows in Illinois.
United States
19 Sep 2017
Illinois Court Upholds Cook County's Beverage Tax Finding It Passes Constitutional Muster And Related Developments
On July 28, Circuit Judge Daniel Kubasiak dismissed the Complaint filed by the Illinois Retail Merchants Association and a group of retailers challenging the constitutionality of the Cook County, Illinois Sweetened Beverage Tax.
United States
18 Aug 2017
Beverage Tax Wars Continue As Parties Head Back To Court For A Preliminary Injunction Hearing On The Cook County, Illinois Tax
A legal challenge to Cook County Illinois Sweetened Beverage Tax (Tax) heads back to circuit court today for a hearing on the plaintiffs' motion for preliminary injunction.
United States
21 Jul 2017
Tax Changes Implemented As Part Of Revenue Package Supporting Illinois Budget
Yesterday afternoon, after months of wrangling and a marathon 4th of July weekend session, the Illinois House of Representatives voted to override Governor Bruce Rauner's veto of Senate Bill (SB) 9...
United States
18 Jul 2017
Update On Illinois Legislative Session
On May 31, the Illinois General Assembly closed its regular legislative session, without a budget agreement.
United States
21 Jun 2017
Illinois Bills to Watch
Just days away from the May 31 close of its regular legislative session, the Illinois General Assembly has yet to enact the comprehensive series of tax and budget reforms that were first proposed by the Illinois Senate leadership late last year.
United States
25 May 2017
Illinois Department Of Revenue Reaffirms Cloud-Based Services Not Taxable
In two recent General Information Letters, the Illinois Department of Revenue reaffirmed that computer software provided through a cloud-based delivery system is not subject to tax in Illinois.
United States
19 May 2017
Tax Highlights Of Proposed Illinois "Grand Bargain"
A series of twelve bills have been introduced, all of which are interlinked for passage. The bills are termed the Illinois "Grand Bargain."
United States
23 Mar 2017
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