KPMG reports: Alabama, Minnesota, Missouri, North Dakota

TWIST for April 27, 2015

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 discussions of the following topics (listen to the podcasts; to read text, click on the hyperlinks provided below).

  • Alabama - The Alabama Tax Tribunal denied a taxpayer’s deduction of goodwill in computing its business privilege tax liability because the goodwill resulted from a merger, and the statute only allows a deduction of goodwill relating to a direct purchase of another corporation.
  • Minnesota - The Minnesota Court of Appeals held that a gas station’s receipts containing a car wash code were not gift certificates.
  • Missouri - Legislation (Senate Bill 19) that would provide that a sale of other-than-tangible personal property would be considered sourced to Missouri if the taxpayer’s market for the sale is in Missouri was sent to the governor.
  • North Dakota - Legislation (House Bill 2292) has been enacted, allowing taxpayers to elect a more heavily weight, instead of evenly weight, sales factor over a five-year period.

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