KPMG reports: Kentucky, New Jersey, Wisconsin | KPMG | GLOBAL

KPMG reports: Kentucky, New Jersey, Wisconsin

KPMG reports: Kentucky, New Jersey, Wisconsin

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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  • Kentucky: A state court determined that a parent company was not eligible to file a consolidated return with its Kentucky subsidiary under the statutory terms of an “includible corporation” because it had losses and de minimis apportionment factors. 
  • New Jersey: A state appellate court affirmed that the economic nexus standard applies to determine whether taxpayers are subject to the now repealed “throwout” rule.
  • Wisconsin: The Tax Appeals Commission determined that a sales tax was included in the taxpayer’s gross receipts and that the taxpayer had to return the amount of refunded sales tax to the tax department because the taxpayer did not remit the amounts to customers.

Read more at KPMG’s This Week in State Tax

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