KPMG reports: Arkansas, Mississippi, Texas | KPMG | GLOBAL

KPMG reports: Arkansas, Mississippi, Texas

KPMG reports: Arkansas, Mississippi, Texas

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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  • Arkansas: The Department of Finance and Administration revised a legal opinion and concluded that a taxpayer’s blast freezing operation was manufacturing for purposes of the reduced sales tax rate for electricity purchased by a manufacturer.
  • Mississippi: The legislature passed a bill that would, among other items, phase out the state’s franchise tax over a period of several years.
  • Texas: A state appeals court held that a taxpayer’s bill pay services, provided to bank customers using an electronic platform, were not data processing. 
  • Texas: The state’s high court held that a taxpayer is not required to include a net loss resulting from the sale of an investment in computing its apportionment factor. The high court’s decision reversed the findings of a state appellate court.


Read more at KPMG’s This Week in State Tax

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