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KPMG reports: Ohio, South Carolina, Washington

KPMG reports: Ohio, South Carolina, Washington

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.


Related content

  • Ohio: Newly enacted law excludes rewards cards and additional types of gift cards from the state’s definition of “unclaimed funds.” The effective date is January 22, 2019.
  • South Carolina: An administrative law court—in a case of first impression—held that a bank could not deduct net operating loss (NOL) carryforwards for purposes of computing the state’s bank tax (concluded to be a franchise tax).
  • Washington State: A state appeals court held that in determining the sales price of tangible personal property that is subject to the retail sales tax, the sales price is not reduced by credits offered by the taxpayer with regard to customer trade-ins of video game hardware and software.


Read more at KPMG's This Week in State Tax

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