KPMG reports: Georgia, Indiana, Michigan, South Carolina, Washington

Georgia, Indiana, Michigan, South Carolina, Washington

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 and features a series of short podcasts presented by KPMG tax professionals. Text of the podcasts is also available.

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This week’s edition includes the following topics (listen to the podcasts; to read text, click on the links below).

  • Georgia - The Georgia Tax Tribunal concluded that a power company’s transmission and distribution system was not exempt manufacturing equipment and therefore denied the taxpayer’s request for a refund of sales taxes paid on purchases of equipment incorporated into the electricity transmission and distribution system.
  • Indiana - The Department of Revenue, in a letter of findings, ruled that a taxpayer’s income from the forced sale of two divisions was nonbusiness income.
  • Michigan - The legislature passed two bills (SB 659 and SB 658) that, if signed into law, would establish affiliate and click-through nexus standards for sellers engaged in business in the state.
  • South Carolina - The state Supreme Court concluded that the proponent of an alternative apportionment formula bears the burden of proving by a preponderance of the evidence that: (1) the statutory apportionment formula does not fairly represent the taxpayer's business activity in South Carolina; and (2) its alternative accounting method is reasonable.
  • Washington - The Department of Revenue issued guidance addressing the sales and use tax and the business and occupation (B&O) tax issues associated with crowdfunding.

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