Arkansas, California, New Jersey, Pennsylvania | KPMG | GLOBAL

KPMG reports: Arkansas, California, New Jersey, Pennsylvania

Arkansas, California, New Jersey, 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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  • Arkansas: Arkansas House Bill 1562, which has been sent to Governor Hutchinson for signature, makes certain changes to how partnership income is apportioned to Arkansas. Specifically, effective for tax years beginning on or after January 1, 2018, a partnership that files an Arkansas partnership return and has income from both within and without Arkansas must apportion income to Arkansas under the Uniform Division of Income for Tax Purposes Act or UDITPA.
  • California: The California Taxpayer’s Association released a document exploring certain recommendations for improving utilization of the state’s partial sales and use tax exemption for manufacturing and research and development (R&D) equipment, which was adopted in 2013. One of the recommendations is to clarify the “useful life” requirement.
  • New Jersey: The New Jersey Division of Taxation issued a Technical Bulletin discussing what taxes are required to be added back in determining New Jersey Corporation Business Tax.
  • Pennsylvania: The Pennsylvania Department of Revenue removed a letter ruling on the taxability of canned software support services from its website and presumably revised guidance will be issued in the future. 

 

Read more at KPMG's This Week in State Tax

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