SALT & Pepper

  • South Dakota’s Sales Tax Nexus Fight is Just Getting Started

    We should all be well aware of South Dakota Senate Bill 106[CTL1] , which Governor Daugaard signed into law on March 22, 2016, that specifically challenges the longstanding bright line nexus rule affirmed inQuill. SB 106 provides that remote sellers must collect sales tax if their annual sales into the state exceed $100,000, or if the remote seller made sales to South Dakota residents by conducting at least two hundred separate transactions with South Dakota customers irrespective of any physical presence in the state. This sales tax nexus threshold is the most aggressive that any state has adopted to date.
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  • March 2016 Tax Credits & Incentives Update

    This post continues a monthly series outlining updates in state tax credits and incentives; included here are legislative, gubernatorial and case law updates. While tax credits and incentives have their fair share of critics, they are a reality in today's competitive business environment in which states compete with each other for jobs and investment. Regardless of the criticisms, state tax credits and incentives benefit many kinds of entities in a number of different ways.
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  • Recent Trust Protector Issues Affecting The Enforcement of Trusts in the Channel Islands

    The purpose of the appointment of a protector is to monitor the actions of a trustee and to ensure that appropriate action is taken to preserve the trust fund. Protectors are commonly given “positive” powers such as the power to appoint and remove trustees and “negative” powers such as the right to withhold consent to distributions to beneficiaries. The role of a protector is a significant one to the administration of a trust.
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About HMB Law

Welcome to HMB's SALT & Pepper blog. As the title suggests, this blog tracks important and emerging issues, trends and developments that affect our clients not only in State and Local Tax (SALT) but also in other disciplines and industries. This blog is designed to be a helpful resource. We hope our readers will find it practical, insightful and valuable.

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