KPMG reports: Louisiana, Missouri, Oregon, Washington

Louisiana, Missouri, Oregon, 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).

  • Louisiana - A state appeals court, in a case concerning nexus for franchise tax purposes, considered whether a foreign corporation owning an interest in a pass-through entity doing business in Louisiana was subject to the state’s corporation franchise tax, and remanded the case for a determination as to whether the taxpayer’s principal place of business was in Louisiana.
  • Missouri - The governor signed legislation establishing a tax amnesty program from September 1, 2015, through November 30, 2015.
  • Missouri - The Administrative Hearing Commission concluded that computer hardware used by a credit card company qualifies for the manufacturing exemption from Missouri’s sales and use tax.
  • Oregon - The state tax court concluded that Oregon could tax an apportioned share of gain from the sale of stock held by an out-of-state taxpayer because the stock served an operational function (as opposed to an investment function) in the taxpayer’s television and radio station business.
  • Washington - A state appeals court addressed transactional nexus for B&O tax purposes with respect to “drop-shipped sales.”

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