KPMG reports: California, Connecticut, Kansas, Pennsylvania

California, Connecticut, Kansas, Pennsylvania

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.

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  • California: An official with the California Franchise Tax Board (FTB) informally stated that certain examples in proposed regulations regarding look-through sourcing for asset managers would be withdrawn.  
  • Connecticut: Lawmakers passed legislation (Senate Bill 1601) that includes tax provisions, including a single-sales factor apportionment rule that is effective for income years beginning on or after January 1, 2016.
  • Kansas: The Kansas Department of Revenue issued guidance that concludes that holiday decorating services (unless purchased for resell or rent) are subject to sales and use tax.
  • Pennsylvania: The Commonwealth Court of Pennsylvania held that the three-year statute of limitations for refund claims begins to run upon the filing of the tax return, not on the return’s due date.

 

Read more at KPMG’s This Week in State Tax

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