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KPMG reports: Arkansas, Indiana, Massachusetts

KPMG reports: Arkansas, Indiana, Massachusetts

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: Newly enacted legislation (Senate Bill 576) reduces the corporate income tax rate; requires corporations, including financial institutions, to use single-sales factor apportionment; and extends the net operating loss (NOL) carryforward period.
  • Indiana: The Department of Revenue ruled that a taxpayer making remote sales of food products (exempt goods) to customers in Indiana was required register with the state and then file periodic “zero” returns.
  • Massachusetts: The appellate tax board vacated its prior position in a case involving a refund claim filed by a software provider that had sold software to a company headquartered in Massachusetts. The software was used in multiple locations, and a refund of sales tax was warranted under the “multiple points of use” exemption. 


Read more at KPMG's This Week in State Tax

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