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.


Related content

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.

© 2017 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.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.