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KPMG reports: New Mexico, Pennsylvania, Texas, West Virginia

New Mexico, Pennsylvania, Texas, West Virginia

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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  • New Mexico: A hearing officer concluded that a taxpayer’s claim for refund was barred by the statute of limitations, noting that the taxpayer had not filed a timely amended return as a valid refund claim. Specifically, it was found the taxpayer’s correspondence with the Department of Revenue regarding the overpayment of taxes did not satisfy the legal elements necessary to establish a claim for refund.
  • Pennsylvania: The Board of Finance and Revenue ruled that sales tax was properly assessed on fees charged by online marketplaces because they were characterized as fees for debt-collection services.
  • Texas: The Comptroller of Public Accounts determined that an oil and gas company was eligible to claim a sales tax exemption for intercorporate services provided by affiliated entities. 
  • West Virginia: Federal corporate income tax conformity legislation (House Bill 4135) that neither specifically addresses nor decouples from federal tax reform changes, has been enacted.

 

Read more at KPMG's This Week in State Tax

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