close
Share with your friends

KPMG reports: Arkansas, Indiana, Massachusetts

KPMG reports: Arkansas, Indiana, Massachusetts

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

  • Arkansas: Newly enacted legislation (Senate Bill 576) reduces the corporate income tax rate; requires corporations, including financial institutions, to use single-sales factor apportionment; and extends the net operating loss (NOL) carryforward period.
  • Indiana: The Department of Revenue ruled that a taxpayer making remote sales of food products (exempt goods) to customers in Indiana was required register with the state and then file periodic “zero” returns.
  • Massachusetts: The appellate tax board vacated its prior position in a case involving a refund claim filed by a software provider that had sold software to a company headquartered in Massachusetts. The software was used in multiple locations, and a refund of sales tax was warranted under the “multiple points of use” exemption. 


Read more at KPMG's This Week in State Tax

© 2019 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.KPMG International Cooperative (“KPMG International”) is a Swiss entity.

Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. 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 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?

 

Request for proposal