KPMG reports: California, New York, Oklahoma, Puerto Rico

California, New York, Oklahoma, Puerto Rico

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).

California - California Franchise Tax Board (FTB) is considering how the state may source receipts derived from sending people and cargo to and from space.

California - A state appeals court, in a case concerning corporate income/franchise issues affecting multistate taxpayers, found that requiring interstate taxpayers to file a combined report but allowing intrastate taxpayers to elect between combined reporting or separate accounting violated the Commerce Clause.

New York - A tax appeals tribunal concluded that affiliates are allowed to file a unitary combined report.

Oklahoma - Legislation authorizes the Tax Commission to establish a tax amnesty program.

Puerto Rico - The Commonwealth’s legislature approved measures to increase the rate of sales tax and to transition to a value added tax (VAT) system.

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