District of Columbia, New Jersey, Oregon, Multistate | KPMG | US

KPMG reports: District of Columbia, New Jersey, Oregon, Multistate

District of Columbia, New Jersey, Oregon, 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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  • District of Columbia: The Office of Tax and Revenue issued a notice providing guidance on the taxation of certain digital goods. 
  • New Jersey: The state’s tax court held that a foreign corporate limited partner had nexus for corporation business tax purposes, by virtue of owning limited partnership interests in two partnerships operating in New Jersey.
  • Oregon: In the City of Portland, guidance was issued on how to apply the city’s business license tax “pay-ratio” surtax. Under the pay-ratio measures, compensation paid the company’s CEO is compared to the pay of the “median employee,” with the rate of the surtax based on the company’s reported ratio.
  • Multistate: The Multistate Tax Commission extended the deadline for entering into a limited-time voluntary disclosure initiative.

 

Read more at KPMG's This Week in State Tax

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