Share with your friends

KPMG reports: Maryland, New York, Wisconsin

KPMG reports: Maryland, New York, Wisconsin

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

  • Maryland: Several significant tax bills were passed by the House, and have moved to the Senate for consideration. The proposals include measures to adopt mandatory unitary combined reporting; to provide a throwback rule for apportioning sales of tangible personal property; and to allow pass-through entities to elect to pay tax at the entity level with respect to the distributive shares or pro-rata shares of resident members of the pass-through entity. A separate sales and use tax bill would extend the sales tax to sales of certain digital products effective July 1, 2020, and would impose sales and use tax on telemarketing bureaus and other content center services and lobbying or public relations services. The status of these proposals is unclear, given that legislature announced this year’s regular session would be ending early due to the coronavirus (COVID-19 situation). Read a March 2020 report

  • New York: Legislation was introduced in the New York Senate that would impose a tax on revenues from digital advertising services in New York. This proposal, Senate bill 8056, is substantially similar to the measure under consideration in Maryland. If enacted, the tax would be effective for tax years beginning on or after January 1, 2021. Read a March 2020 report

  • New York: A state court held that intercompany transfers of title to “loaner cars” constituted retail sales for sales and use tax purposes. In reaching this decision, the court noted that it was “troubled” by what it considered a technical application of the law that was arguably not consistent with the intent of the law to tax purchases by final consumers. Read a March 2020 report

  • Wisconsin: A state court recently upheld a decision by the Tax Appeals Commission that cash distributions from a foreign partnership that had elected to be treated as a corporation for federal income tax purposes, were eligible for the Wisconsin dividends-received deduction. Read a March 2020 report 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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