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KPMG reports: Arkansas, Indiana, Ohio

KPMG reports: Arkansas, Indiana, Ohio

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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  • Arkansas: The Office of Revenue Legal Counsel issued a legal ruling addressing excess inclusion income issues for holders of REMICs, and concluded that because Arkansas has adopted IRC subchapter M in its entirety, excess inclusion income must be included and reported for Arkansas income tax purposes.
  • Indiana: The Department of State Revenue found that a real property listings database was not subject to sales tax and that the taxpayer was entitled to a refund of sales taxes paid on granting customers access to that data. 
  • Ohio: The state Supreme Court held that a company engaged in the production of gift baskets qualified for a sales and use tax exemption for materials used in creating the gift baskets. The high court also addressed the taxability of the taxpayer’s labor charges.


Read more at KPMG's This Week in State Tax

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