KPMG reports: California, New York, Oklahoma, Texas

KPMG reports: California, New York, Oklahoma, Texas

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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  • California: The Franchise Tax Board will hold an “interested parties meeting” on June 30, 2017, to discuss potential revisions to the state law measures concerning alternative apportionment procedures. 
  • New York: The Department of Taxation and Finance ruled that a taxpayer’s online, web-based product that allowed customers to create customized videos was subject to sales tax.
  • Oklahoma: The Tax Commission issued a ruling addressing issues related to an oil well operator’s sales tax refund claims, and whether vendors providing certain oil well fracturing (“fracking”) services were considered real property contractors. 
  • Texas: An administrative law judge for the Comptroller of Public Accounts found that certain revenue could not be excluded from the Texas franchise tax base as flow-through funds and that a taxpayer that sold cell phones, accessories, and service plans had failed to demonstrate that certain purchases could be deducted as costs of goods sold (COGS). 

 

Read more at KPMG's This Week in State Tax

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