KPMG reports: Florida, Pennsylvania, New York
KPMG reports focus on recent state and local tax developments
KPMG reports focus on recent state and local tax developments
KPMG This Week in State Tax—produced weekly by the KPMG State and Local Tax practice—focuses on recent state and local tax developments.
- Florida: The Florida Department of Revenue reminded taxpayers that the state sales tax imposed on the total rent charged for renting, leasing, letting or granting a license to use real property will be reduced from 4.5% to 2% effective June 1, 2024.
- Pennsylvania: The Pennsylvania Board of Finance and Revenue concluded that service and payment processing fees charged by a ticketing and marketing platform that allowed event organizers to list, advertise, and sell admissions to their events live and virtual events were subject to sales tax as software as a service (SaaS). The Board also concluded that the tickets for access to the live and virtual events were taxable.
- New York: The American Catalog Mailer’s Association on April 5, 2024, filed a complaint seeking to invalidate the New York regulations interpreting P.L. 86-272. In its complaint, the Association asserts that the regulations effectively rewrite P.L. 86-272 to include as activities performed in New York, activities performed by employees of an Internet seller outside of New York using computers outside New York. Congress, the Association alleges, is the only body empowered to amend or rewrite federal law.
Read an April 2024 report prepared by KPMG LLP
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 3712, 1801 K Street NW, Washington, DC 20006.