Massachusetts State and Local Tax Quarterly Updates – 2022

In 2022, Phil Olsen contributed quarterly Massachusetts state and local tax updates to Bloomberg Tax.

First Quarter 2022 – Phil summarizes recent tax developments in Massachusetts, including whether the state can tax a gain realized by a nonresident corporate taxpayer on the sale of its 50% interest in an LLC that conducted business activities in Massachusetts.

Second Quarter 2022 – Phil provides an update on whether the state can tax a gain realized by a nonresident corporate taxpayer on the sale of its 50% interest in an LLC, and outlines proposed regulations on retail taxes of retail marijuana sales and spousal relief from joint income tax liability.

Third Quarter 2022 – Phil outlines recent tax developments, including exemption eligibility for solar power facilities, disregarded entities, and outdoor advertising structures, plus a real estate tax assessment.

Fourth Quarter 2022 – Phil discusses a decision that brought closure to a sales tax issue impacting internet vendors, and the new surtax on taxable income over $1 million.