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KPMG reports: Florida, Louisiana, New York

KPMG reports: Florida, Louisiana, 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.

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  • Florida: The Department of Revenue issued guidance on certain federal tax reform-related items—specifically global intangible low-taxed income (GILTI) and bonus depreciation. The guidance reminds taxpayers that Florida continues to require an addback of bonus depreciation that is then deductible over a seven-year period.
  • Louisiana: A state appeals court held that the state’s constitutional prohibition against imposing sales and use taxes on “prescription drugs” extends to medical devices.
  • New York: A state tax appellate tribunal held that a taxpayer’s receipts from web-based litigation support services were “other business receipts” and not “service receipts.” Under New York law (as in effect at the time), service receipts were generally sourced to the location where the services were performed, whereas receipts classified as “other business receipts” were sourced to the location where the receipts were earned


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