close
Share with your friends

KPMG reports: Louisiana, Tennessee, Washington State

KPMG reports: Louisiana, Tennessee, Washington State

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

  • Louisiana: A one-time state sales tax holiday is intended provide relief for the first $2,500 of any consumer purchases made on November 20 and 21, 2020. Read a November 2020 report

  • Tennessee: The Department of Revenue concluded that a foreign corporation with no effectively connected income was not subject to Tennessee’s franchise tax. Under Tennessee law, a taxpayer that has no income effectively connected with a United States trade or business” is considered not to have “substantial nexus” with Tennessee. The Department found that although the taxpayer was doing business in Tennessee, it lacked substantial nexus and that the taxpayer was not exercising its corporate franchise because that term was intended to capture only Tennessee-chartered and Tennessee organized business entities. Read a November 2020 report

  • Washington State: A tax revenue officer concluded that a taxpayer making sales through a facilitator had Washington business and occupation (B&O) tax nexus because it had inventory in the state. The taxpayer used the marketplace facilitator’s inventory management system that commingled inventory items between sellers making sales of the same items across the facilitator’s warehouses. The taxpayer argued that because it did not ship the goods into Washington and the facilitator had complete control over the goods, it had no inventory in Washington and did not have nexus. The tax revenue officer rejected this argument, noting that the taxpayer had agreed to the inventory management program and was provided information regarding the location of its inventory. Read a November 2020 report

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