KPMG reports: Colorado, Indiana, New Jersey | KPMG | US

KPMG reports: Colorado, Indiana, New Jersey

KPMG reports: Colorado, Indiana, New Jersey

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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  • Colorado: A state appeals court held that a domestic holding company with no property and payroll could not be “forcibly” included in a Colorado combined report with its affiliates.
  • Colorado: The Department of Revenue issued private letter ruling concluding that an employee’s presence in the state created nexus for an online retailer, even though the employee conducted non-sales related activities.
  • Indiana: The state’s tax court rejected the Department of Revenue’s position that revenue that an out-of-state service provider (an online university) received from Indiana in-state students was attributable to Indiana and should be sourced to the state.
  • New Jersey: The state’s tax court concluded that a company headquartered and incorporated in India, with a branch located in the United States, was not required to add back worldwide income in computing its New Jersey corporation business tax (CBT); in other words, the foreign taxpayer was not required to pay New Jersey CBT on its worldwide income.

 

Read more at KPMG's This Week in State Tax

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