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Texas: Facility Used to House Detainees not entitled to Exemption for Residential Utilities

Under Texas law, a sales and use tax exemption applies to gas and electricity sold for residential use.
KPMG TaxWatch Mon, 21 Aug 2017 00:00:00 GMT

Texas: Taxpayer Allowed to Deduct Subcontractor Payments in Calculating Taxable Margin; COGS Computation Should Not Start With Federal COGS

Recently, a Texas appeals court addressed whether a taxpayer qualified for an exclusion from total revenue and whether it properly computed its COGS deduction.
KPMG TaxWatch Mon, 21 Aug 2017 00:00:00 GMT

TWIST - August 28, 2017

This podcast for the week of August 28, 2017 covers state and local tax developments in Massachusetts, New Jersey, North Carolina, and Wisconsin.
KPMG TaxWatch Mon, 28 Aug 2017 00:00:00 GMT

TWIST - September 11, 2017

This podcast for the week of September 11, 2017 covers state and local tax developments in Indiana, New York, and Virginia.
KPMG TaxWatch Mon, 11 Sep 2017 00:00:00 GMT

Indiana: Sales Not Thrown Back When Subsidiary Taxable in Foreign Countries

The Department of Revenue addressed whether a taxpayer was able to avoid throwback because its foreign IP Subsidiary was subject to tax in foreign jurisdictions where the taxpayer made sales of tangible personal property.
KPMG TaxWatch Mon, 11 Sep 2017 00:00:00 GMT

New York: ALJ Addresses Sourcing of Receipts from Litigation Support Services under Pre-Reform Law

An ALJ for the NY Division of Tax Appeals recently addressed whether a taxpayer’s receipts from web-based litigation support services were classified as receipts from sales of services or other business receipts.
KPMG TaxWatch Mon, 11 Sep 2017 00:00:00 GMT

Virginia: Department Announces Dates and Guidance on Tax Amnesty

The Virginia Department of Taxation recently published guidelines on the Commonwealth’s upcoming tax amnesty and announced the dates for the program.
KPMG TaxWatch Mon, 11 Sep 2017 00:00:00 GMT

TWIST – September 18, 2017

This podcast for the week of September 18, 2017 covers state and local tax developments in Alabama, Illinois, and Massachusetts.
KPMG TaxWatch Mon, 18 Sep 2017 00:00:00 GMT

Alabama: Appeals Court Holds that Losses Can Be Shared Among Affiliated Group Members

The AL Court of Civil Appeals recently addressed whether losses generated by a parent company, when filing separately, could be carried forward and used to offset the income of related entities in a later year when a consolidated return was filed.
KPMG TaxWatch Mon, 18 Sep 2017 00:00:00 GMT

Illinois: Insurance Premium Financing Entities Were Sales Finance Companies

The Illinois Independent Tax Tribunal recently addressed whether certain entities were financial organizations or general corporations.
KPMG TaxWatch Mon, 18 Sep 2017 00:00:00 GMT

Massachusetts: Internet Vendor Nexus Regulation to be published in Massachusetts Register

The MA Department of Revenue announced that a controversial regulation addressing nexus for vendors making Internet sales is expected to be published in the MA Register on September 22, 2017.
KPMG TaxWatch Mon, 18 Sep 2017 00:00:00 GMT

Alaska: Certain Domestic Dividends Subject to 80 Percent DRD

Recently, an Alaska ALJ addressed the treatment of a dividend received from a domestic subsidiary that was excluded from the Alaska combined group because its business activities were primarily outside of the U.S.
KPMG TaxWatch Mon, 25 Sep 2017 00:00:00 GMT

Texas: Taxpayer Entitled to Manufacturing Exemption for Packaging Supplies

A Texas ALJ recently addressed whether a taxpayer qualified as a manufacturer so that it was entitled to an exemption for wrapping and packaging supplies.
KPMG TaxWatch Mon, 25 Sep 2017 00:00:00 GMT

TWIST - September 25, 2017

This podcast for the week of September 25, 2017 covers state and local tax developments in Alaska, Texas, and Wyoming.
KPMG TaxWatch Mon, 25 Sep 2017 00:00:00 GMT

Wyoming: Chemicals used in Generating Electricity Not Exempt under Manufacturing Exemption

Recently, the Wyoming Supreme Court addressed whether generating electricity qualified as “manufacturing,” and if so, whether certain chemicals were used “directly” in manufacturing so that they were exempt from sales and use taxes.
KPMG TaxWatch Mon, 25 Sep 2017 00:00:00 GMT
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