Search Results for:

Sort by: Relevance Date
121 - 135 of 216 Results

Idaho: Second Conformity Bill Enacted; Additional Bills Pending

Idaho’s second conformity bill, House Bill 463, was signed into law on March 12, 2018.
KPMG TaxWatch Mon, 19 Mar 2018 00:00:00 GMT

Kentucky: Pre-purchase Refund Permit Requirement for Special Fuels Taxes Did Not Violate the Due Process Clause

The Kentucky Court of Appeals recently ruled that a statute barring special fuel tax refunds to taxpayers that did not hold a valid refund permit at the time of the fuel purchase satisfied the Due Process Clause.
KPMG TaxWatch Mon, 19 Mar 2018 00:00:00 GMT

Indiana: FDIC Shared Loss Agreement Payments Included in Financial Institutions Tax Base

In a recent letter of findings, the Indiana Department of State Revenue addressed whether payments received as a result of shared-loss agreements with the FDIC were excluded from the Indiana FIT base.
KPMG TaxWatch Mon, 19 Mar 2018 00:00:00 GMT

Texas: Streaming Subscriptions Subject to Tax as Amusements and Cable Television

The Texas Comptroller recently ruled that sales tax applied to the sale of subscriptions related to an internet-based platform for viewing real-time and on-demand streaming videos.
KPMG TaxWatch Mon, 19 Mar 2018 00:00:00 GMT

Vermont: Physical Presence Not Needed For Income Tax Nexus

The Vermont Department of Taxes recently issued a technical bulletin summarizing the circumstances under which a foreign business entity is deemed to have Vermont corporate income tax nexus.
KPMG TaxWatch Mon, 19 Mar 2018 00:00:00 GMT

Indiana: Software as a Service Exemption Enacted

Senate Bill 257, signed into law on March 23, 2018, effective July 1, 2018, exempts Software as a Service (SaaS) from Indiana sales tax.
KPMG TaxWatch Mon, 02 Apr 2018 00:00:00 GMT

Louisiana: Retailer/Marketplace required to Collect Local Tax on Marketplace Sales

Louisiana district court held that an online retailer that sold both its own products and products of third-party retailers on an online marketplace was required to collect and remit Jefferson Parish sales and use taxes on sales made to parish residents by third-party through its marketplace.
KPMG TaxWatch Mon, 02 Apr 2018 00:00:00 GMT

Massachusetts: An IRC Section 338(H)(10) Transaction May Trigger Credit Recapture In Massachusetts

Recently the Massachusetts Department of Revenue addressed whether the sale of an S-Corporation’s stock in a transaction treated as an asset purchase under IRC section 338(h)(10) constituted a disposition of property under MA law.
KPMG TaxWatch Mon, 02 Apr 2018 00:00:00 GMT

Multistate: Updates to Q1 TWIST-Q Checklist and Conformity Article

Since the March 21 release of TWIST-Q checklist of developments occurring in Q1 of 2018, there have been additional developments in Utah, Florida, and Georgia.
KPMG TaxWatch Mon, 02 Apr 2018 00:00:00 GMT

Tennessee: Bill to Decouple from Certain Aspects of Tax Reform Sent to Governor Bill Haslam for Signature

Senate Bill 2119, which is pending signature, would decouple Tennessee from certain aspects of federal tax reform.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Massachusetts: Estimated Tax Penalty Relief for Corporations Affected by the Transition Tax on Deferred Foreign Earnings

The MA Department of Revenue has issued a TIR providing that the Commonwealth will provide penalty relief for underpayments of corporate excise taxes owed as a result of IRC section 965.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Colorado: Market-Based Sourcing Bill Passes Both Houses of Legislature

House Bill 1185, which has passed both houses of the Colorado General Assembly, adopts market-based sourcing rules effective for income tax years commending on or after January 1, 2019.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Washington: White Glove Delivery Services Create Substantial Nexus

The Washington State Department of Revenue has issued an excise tax advisory addressing whether the provision of “enhanced delivery services” would create nexus for a seller.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Missouri: Optional Lease Add-ons, Including Warranties, Subject to Missouri Sales Tax

In a recent letter ruling, the Department of Revenue addressed whether a vehicle lessor was required to collect and remit Missouri state and local sales tax on certain voluntary packages purchased as part of a motor vehicle lease.
KPMG TaxWatch Mon, 04 Jun 2018 00:00:00 GMT

New Jersey: Taxpayer Not Entitled to Unreasonable Exception to Related Party Addback Requirement

Recently, the New Jersey Superior Court, Appellate Division affirmed a tax court decision holding that a taxpayer did not qualify for the so-called unreasonable exception to the state’s related party addback rules.
KPMG TaxWatch Mon, 04 Jun 2018 00:00:00 GMT
121 - 135 of 216 Results: