KPMG reports: Georgia, Missouri, New York, Oregon - KPMG Global
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KPMG reports: Georgia, Missouri, New York, Oregon

KPMG reports: Georgia, Missouri, New York, Oregon

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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  • Georgia: The Department of Revenue issued two letter rulings addressing whether certain taxpayers’ purchases qualified for the sale for resale exemption or the sales tax exemption for equipment used in manufacturing. In the first ruling, the taxpayer purchased and leased copier and printing equipment that was made available to customers. The Department concluded that neither the resale exemption nor the manufacturing exemption applied to the taxpayer’s purchases and leases of copying equipment. In the second ruling, the Department concluded that a restaurant’s purchases of items used to furnish the restaurant and to prepare food items were not exempt from sales and use tax. Under Georgia law, restaurants are statutorily excluded from the manufacturing exemption.
  • Missouri: The Missouri Supreme Court held that the operator of a cafeteria in a federal building was required to remit sales tax on sales of food items. The issue was whether the cafeteria was liable for sales tax on the food purchased by employees of the federal reserve bank building (an entity exempt from sales tax pursuant to federal law), when the bank subsidized the cost of food, influenced pricing, and set the cafeteria’s hours. The high court found that the cafeteria was a public place even though access was restricted.
  • New York: The FY 2020 state executive budget includes numerous income tax proposals including measures to codify the apportionment of  “global intangible low-taxed income” (GILTI) and to extend for five years the top individual income tax rate of 8.82%.
  • Oregon: The legislature convenes on January 22, 2019, and there are myriad proposed bills to make changes to the state’s corporate tax laws including bills that would increase the state’s corporate tax rate or the corporate minimum tax.

 

Read more at KPMG's This Week in State Tax

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