KPMG reports: Colorado, Nevada, Vermont, Washington State

KPMG reports focus on recent state and local tax developments

KPMG reports focus on recent state and local tax developments

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.

  • Colorado: Senate Bill 21-035 (effective September 11, 2021) imposes certain tax restrictions on third-party delivery services under a provision aimed at marketplace facilitators engaged in food and alcohol delivery services. Read a June 2021 report
  • Nevada: Newly enacted legislation adopts an excise tax on the gross receipts of businesses engaged in extracting gold and silver in the state.  Read a June 2021 report
  • Nevada: The Department of Taxation issued guidance regarding “modified business tax” refunds available to taxpayer since the state’s high court held that a legislated reduction of the modified business tax rate was unconstitutional. Read a June 2021 report
  • Vermont: House 436 (effective July 1, 2021) expands the definition of an “operator” (a person operating a hotel or charging for a taxable meal or alcoholic beverage) to include “taxable meal facilitators.” Read a June 2021 report
  • Washington State: A state trial court held that Seattle’s new payroll expense tax was a constitutionally permissible excise tax on the privilege of doing business in the city. Another pending case addresses whether the 1.2% B&O surcharge levied on specified financial institutions impermissibly discriminates against out-of-state banks. Read a June 2021 report

 

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