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Tax › Tax Events › KPMG TaxRadio › TWIST - This Week in State Tax › TWIST – November 5, 2018

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TWIST - November 5, 2018

This podcast for the week of November 5, 2018 covers state and local tax developments in Ohio, South Carolina, Washington, and a Multistate update on the Wayfair decision.

All of this week’s TWIST episodes

  • Insight

    OH: Exemption from Unclaimed Property Extended to Rewards Cards and Additional Gift Cards

    On October 23, 2018, Ohio Governor John Kasich signed House Bill 353 into law.

  • Insight

    SC: Administrative Law Court Holds Banks Cannot Deduct NOL Carryforwards

    Recently, the SC ALC addressed an issue of first impression in the state—whether a bank could deduct NOLs in computing SC bank tax.

  • Insight

    WA: Video Game Hardware and Software not Like-Kind Property

    The Washington Court of Appeals recently addressed the scope of the so-called trade-in exclusion.

  • Insight

    Multistate: More State Wayfair-Related Developments

    Effective November 1, 2018, NJ, NC, SC, and SD joined the list of states requiring remote sellers meeting specified economic nexus thresholds to collect and remit applicable sales and use tax.

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To view past weeks of TWIST that you may have missed, please visit our TWIST homepage.

To receive the TWIST e-mail each Monday, make sure that State and Local Tax is checked off as one of your topics of interest on the KPMG Tax subscription site.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

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The information contained herein 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.

 

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