close
Share with your friends

KPMG reports: Colorado, Delaware, Louisiana, Mississippi, New York

Colorado, Delaware, Louisiana, Mississippi, New York

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.

1000

Related content

  • Colorado: The Department of Revenue issued updated guidance extending the grace period for implementing the economic nexus and sales tax-sourcing changes being followed as a result of the Wayfair decision.
  • Delaware: The Secretary of State’s Office sent out a new batch of “invitation letters” to companies inviting them to participate in the state’s unclaimed property “voluntary disclosure agreement” (VDA) program.
  • Louisiana: The state’s highest court held that a state statute disallowing a credit for taxes paid to other states (here, for Texas franchise taxes paid by individual Louisiana taxpayers) violated the Commerce Clause of the U.S. Constitution.
  • Mississippi: The state’s highest court held that the three-year statute of limitations for tax refunds did not discriminate against out-of-state taxpayers and had only an incidental effect on interstate commerce. 
  • New York: Letters have been sent to companies headquartered, incorporated, or doing business in New York, generally asking questions about a company’s historical unclaimed property compliance and inviting the company to participate in the state’s unclaimed property voluntary compliance agreement program.

 

Read more at KPMG's This Week in State Tax

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal