Modal title

Insight

Florida: Guidance Issued on GILTI Subtraction and Bonus Depreciation

The Florida Department of Revenue recently issued guidance on certain tax reform related items.

More
Insight

Louisiana: Medical Devices Exempt Under the Constitutional Exemption for Prescription Drugs

The Louisiana Court of Appeals recently held that the constitutional prohibition against imposing sales and use taxes on “prescription drugs” extended to medical devices.

More
Insight

New York: Litigation Support Services Receipts were Other Business Receipts

The NY Tax Appeals Tribunal recently determined that a taxpayer’s receipts from web-based litigation support services were other business receipts, rather than service receipts.

More

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.

Helping tax leaders embrace disruption, seize new opportunities and drive greater value. It’s tax re-imagined. Now and for the future.

Request for Proposal

Find out what KPMG can do for your business.

Submit RFP

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

©2020 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 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.