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.
This week’s edition includes the following topics (listen to the podcasts; to read text, click on the links below).
Alabama - The FY 2015-2016 budget includes proposals for an estimated $541 million in tax increases, the adoption of mandatory combined reporting, and an increase to the tax rate applicable to sales and rentals of automobiles, among other proposed measures.
Alabama - The Alabama Department of Revenue proposed to amend Rule 810-6-5-.09 (governing the lease and rental of tangible personal property) to provide that digital transmissions—including on-demand movies and television programs, streaming video, streaming audio, and similar programs—are considered tangible personal property subject to the rental tax.
Maryland - The Maryland Tax Court held that the income of a taxpayer formed to centralize the ownership of intellectual property related to a number of food brands was produced from the parent’s Maryland business activity, and therefore the taxpayer had Maryland nexus.
Pennsylvania - The FY 2015-2016 budget includes proposals for a reduction of the corporate income tax rate, changes to the sales and use tax, and adoption of a new natural gas severance tax, among other proposed measures.
© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.