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KPMG reports: Colorado, Delaware, Louisiana, Mississippi, New York

Colorado, Delaware, Louisiana, Mississippi, New York

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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  • Colorado: The Department of Revenue issued updated guidance extending the grace period for implementing the economic nexus and sales tax-sourcing changes being followed as a result of the Wayfair decision.
  • Delaware: The Secretary of State’s Office sent out a new batch of “invitation letters” to companies inviting them to participate in the state’s unclaimed property “voluntary disclosure agreement” (VDA) program.
  • Louisiana: The state’s highest court held that a state statute disallowing a credit for taxes paid to other states (here, for Texas franchise taxes paid by individual Louisiana taxpayers) violated the Commerce Clause of the U.S. Constitution.
  • Mississippi: The state’s highest court held that the three-year statute of limitations for tax refunds did not discriminate against out-of-state taxpayers and had only an incidental effect on interstate commerce. 
  • New York: Letters have been sent to companies headquartered, incorporated, or doing business in New York, generally asking questions about a company’s historical unclaimed property compliance and inviting the company to participate in the state’s unclaimed property voluntary compliance agreement program.


Read more at KPMG's This Week in State Tax

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