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This podcast for the week of October 15, 2018 covers state and local tax developments in Missouri, Texas, Utah, and a Multistate update on the Wayfair decision.

All of this week’s TWIST episodes

Insight

MO: Farmer Selling Beef over Online Marketplace Does not qualify for Farmer’s Market Exemption

The Missouri Department of Revenue recently ruled that an online marketplace used by a farmer to sell beef raised on the farm did not qualify for purposes of the sales and use tax farmer’s market exemption.

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Insight

TX: Physical Presence Rule Continues to Apply for Franchise Tax Purposes

The Texas Comptroller recently determined that a taxpayer did not have franchise tax nexus with Texas because it lacked a physical presence in the state.

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Insight

UT: Federal section 482 Regulations Apply In Interpreting State Discretionary Authority Statute

The Utah Supreme Court recently affirmed a district court decision holding that Utah’s discretionary authority statute.

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Insight

Multistate: More Responses to South Dakota v. Wayfair

States continue to issue guidance or statements since the recent U.S. Supreme Court decision in South Dakota v. Wayfair.

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The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.