KPMG reports - California (corporate tax rate); Michigan (assessment notice); Michigan (cloud computing); Missouri (sourcing) 

April 7:  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 and features a series of short podcasts presented by KPMG tax professionals. Text of the podcasts is also available.

This week’s edition includes the following topics (listen to the podcasts; to read text, click on the links below).


  • California - Proposed legislation (Senate Bill 1372) if enacted would increase the corporate tax rates in California. Publicly held corporations would be subject to income tax at a rate ranging from 7% to 13%, depending on the “compensation ratio” of the corporation.


  • Michigan - The Michigan Supreme Court held that when a taxpayer has a duly designated representative, a notice of assessment must be provided to both the taxpayer and to the representative in order to trigger the 35-day period for filing appeals to the Tax Tribunal.


  • Michigan - A Michigan court of claims held that remote access to third-party computer networks, servers, data storage, and software applications—i.e. “cloud computing”—is not subject to Michigan use tax.


  • Missouri - Proposed legislation (House Bill 2215) if enacted would provide guidance to taxpayers seeking to elect the new single-sales factor apportionment methodology with how to source service and intangible receipts.



©2014 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.


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.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
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.

Subscribe

Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.


Email your contact information.

TaxNewsFlash-United States by year