In this edition of TWIST for the week of July 2, 2018, State and Local Tax professional Sarah McGahan, from KPMG's Washington National Tax practice, covers the topics listed below. You can also listen to TWIST podcasts directly via iTunes.
On June 24, 2018, after a third special session to address the state’s impending fiscal cliff, Governor Edwards signed House Bill 10.
The Appellate Tax Board recently held that a taxpayer was a “manufacturing corporation” required to use single-sales factor apportionment for the tax years at issue.
The Pennsylvania Department of Revenue issued guidance providing that it would not allow 100% bonus depreciation under IRC section 168(k) for assets placed in service after September 27, 2017.
In the days following the U.S. Supreme Court’s overruling the Quill physical presence standard, a number of states have issued statements or guidance on the decision.
he Rhode Island Department of Revenue’s Division of Taxation recently issued a statement on the South Dakota v. Wayfair decision.
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