KPMG reports - Indiana (use tax); Nevada (margin tax); Ohio (tax proposals); Oklahoma (capital gains exclusion) 

February 11: 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.

Today’s edition, for February 11, 2013, includes the following topics (listen to the podcasts; to read text, click on the links below).


  • Indiana [PDF 23 KB]: The Department of State Revenue determined that use tax is owed on (1) tangible personal property (computer disc catalogues with parts information) that the taxpayer used as part of its vehicle repair services and (2) key rings that the taxpayer used to replace “cheap ones” provided by manufacturers and not separately bargained for were not eligible for the resale exemption.


  • Nevada [PDF 24 KB]: The Nevada Supreme Court held that the description used by backers of a margin tax initiative to gather signatures on a petition seeking to place the initiative on the ballot was not deceptive or misleading.


  • Ohio [PDF 23 KB]: The governor in his 2014 budget proposes to restricting Ohio’s tax system to rely less on taxation of income, and more on taxation of consumption and resource extraction. The proposal also recommends expanding the sales and use tax base to include all transactions involving services, unless specifically exempted.


  • Oklahoma [PDF 23 KB]: The Oklahoma Court of Civil Appeals determined that a statute providing a capital gains deduction for Oklahoma companies, but not out-of-state companies, was discriminatory because it afforded Oklahoma-headquartered companies different treatment than out-of-state companies for similar taxable events.


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