KPMG TWIST October 24 2016 | KPMG | GLOBAL
Share with your friends

KPMG reports: Colorado, Louisiana, Missouri, West Virginia

KPMG reports about state and local tax developments

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

  • Colorado: A “General Information Letter,” issued by the Department of Revenue, concludes that a company’s “management fee” combined with sales of taxable services was subject to sales tax. The taxpayer provided repair and maintenance services for customers that owned large fleets of motor vehicles. As part of these services, the taxpayer maintained a database with details of all maintenance performed on the customer’s vehicles. Customers were charged a “management fee” for access to the database, which was separately stated on client invoices.
  • Louisiana: A proposed regulation issued by the Department of Revenue is intended to implement certain corporate tax changes enacted earlier this year—provisions that require a corporation to add back otherwise deductible interest expenses and costs, intangible expenses and costs, and certain management fees incurred with related members. The proposed regulation defines key terms that were not defined in the law—such as “management fees,” “intangible expenses,” and “indirectly paid.” Much of the proposed regulation provides guidance on when the statutory exceptions to the addback requirements will be allowed, and how they must be documented. 
  • Missouri: There is an initiative on the November 8 ballot that will allow voters to determine whether sales taxes could be expanded to include service transactions in the future.
  • West Virginia: The Office of Tax Appeals ruled that sales of raffle tickets were sales of intangible property not subject to sales tax.

Read more at KPMG's This Week in State Tax

<p>© 2018 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.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>

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