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KPMG reports: California, Chicago, Iowa, South Carolina, Washington State

KPMG's This Week in State Tax

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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  • California: The Franchise Tax Board issued a notice announcing that for tax years beginning on or after January 1, 2019, taxpayers in “good standing” that file corporate franchise and income returns on Forms 100 and 100W will be granted an automatic seven-month extension for filing returns.
  • Chicago: The 2020 city budget includes increases to the following tax rates: (1) personal property lease transaction tax (PPLTT) rate increased from 5.25% to 7.25% as applied to nonpossessory leases of computer property; and (2) the tax on food and beverage sold at retail increased from 0.25% to 0.50%. The rate increases are effective January 1, 2020.
  • Iowa: For tax years beginning on or after January 1, 2019, Iowa conforms to the federal Internal Revenue Code in effect on March 24, 2018. Iowa thus adopts many of the changes in the U.S. 2017 tax law that is often referred to as the “Tax Cuts and Jobs Act” (TCJA). Iowa did not conform to the TCJA changes for tax year 2018.
  • South Carolina: The Department of Revenue issued guidance concerning the taxability of delivery charges associated with sales of tangible personal property. The ruling provides that delivery charges are included in the tax base and subject to sales and use tax if the delivery is: (1) by use of the retailer’s truck; (2) by use of common carrier and the sale is F.O.B. point of destination or place of business of buyer; or (3) by delivery from a factory directly to the customer, provided that transportation is paid for by the seller.
  • Washington State: The Department of Revenue issued a special notice discussing the surcharge that applies, beginning on or after January 1, 2020, to select businesses engaged in advanced computing activities classified under the “service and other activities” classification of the business and occupation (B&O) tax.


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