KPMG reports: Georgia, New York, Ohio, Multistate

KPMG reports: Georgia, New York, Ohio, Multistate

KPMG’s This Week in State Tax—produced weekly by KPMG’s State and Local Tax practice—focuses on recent state and local tax developments.

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  • Georgia: The Department of Revenue issued a letter ruling that concludes a taxpayer engaged in paper shredding and sales of shredded paper was not a manufacturer and thus not exempt from sales and use tax.
  • New York: The state Comptroller revised the reach-back period, from 20 years to 10 years, for unclaimed property holders that participate in the Comptroller’s unclaimed property voluntary compliance program. 
  • New York: The rate of the metropolitan transportation business tax (MTA) surcharge—imposed on a portion of the New York State franchise tax—has increased to 28.3% (up from 28%) for tax years beginning on or after January 1, 2017, and before January 1, 2018. 
  • Ohio: The Board of Tax Appeals upheld the assessment of sales and use tax on a medical practice’s purchase of medical transcription services, finding that the services were taxable as automatic data processing services (and not exempt personal or professional services).
  • Multistate: Two more states—Nebraska and Mississippi—would join other states if legislative proposals that would impose an economic nexus standard for sales tax purposes are enacted.

 

Read more at KPMG's This Week in State Tax

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