KPMG reports: Alabama, Illinois, Oregon, South Dakota

KPMG reports: Alabama, Illinois, Oregon, South Dakota

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.

Related content

  • Alabama: A proposed rule would provide that effective for all transactions occurring after January 1, 2016, sellers that lack an Alabama physical presence but (1) make over $250,000 of retail sales into the state and (2) conduct certain other listed activities are deemed to have a substantial economic presence in Alabama and re required to register, collect, and remit Alabama sales taxes.
  • Illinois: New measures amend the retailer’s occupational tax law, and allows retailers to deduct certain bad debts for purposes of the retailer’s occupation tax. 
  • Oregon: Oregon House Bill 2171, enacted in July 2015, provides that for tax years beginning on or after January 1, 2015, and before January 1, 2021, Oregon’s minimum tax can no longer be reduced, satisfied, or paid by use of tax credits.
  • South Dakota: The state’s high court held there is no exception to the three-year statute of limitations, for taxpayers filing a claim for refund of the bank franchise tax.

 

Read more at KPMG’s This Week in State Tax

© 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.

Connect with us

 

Request for proposal

 

Submit

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.