KPMG reports: Colorado, Massachusetts, Minnesota, Ohio | KPMG | GLOBAL

KPMG reports: Colorado, Massachusetts, Minnesota, Ohio

KPMG reports: Colorado, Massachusetts, Minnesota, Ohio

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.

1000

Related content

  • Colorado: A state trial court held that a furniture retailer did not owe use tax to the City of Lakewood on furniture that was displayed before being sold to customer. Because of the length of time during which the furniture remained on display, the city argued that the taxpayer was using the furniture and that it was not purchased for resale.
  • Massachusetts: The Supreme Judicial Court held that a drop-shipper was required to collect and remit Massachusetts sales tax. Under the “drop shipment rule,” a wholesaler engaged in business in Massachusetts is required to collect and remit sales tax due on sales shipped to Massachusetts consumers when the selling retailer is not engaged in business in the Commonwealth.
  • Minnesota: The state’s Supreme Court affirmed that the income and factors of a foreign disregarded entity were included, along with those of its domestic owner, in the Minnesota combined return for the tax years at issue.
  • Ohio: The Board of Tax Appeals found that a taxpayer’s receipts from forward contracts were subject to Ohio’s commercial activity tax (CAT), by concluding the receipts were sitused under provisions applicable to tangible personal property.

 

Read more at KPMG's This Week in State Tax

© 2017 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.

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

 

Submit