KPMG reports - Arizona (taxable monetary judgment); California (LLC “doing business” statue); Illinois (use tax); Louisiana (tax amnesty); North Carolina (corporate rate reduction) 

July 29:  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 July 29, 2013, includes the following topics (listen to the podcasts; to read text, click on the links below).


  • Arizona - The Department of Revenue, in a letter ruling, concluded that an anticipated monetary judgment in a patent infringement lawsuit will be considered business income under Arizona law.


  • California - An Iowa corporate taxpayer (a passive member of a California LLC) filed suit against the California Franchise Tax Board challenging the “doing business” statue as applied to LLC members and requesting a refund of taxes, penalties, and interest as assessed by the FTB with respect to the taxpayer’s ownership interest in the California LLC.


  • Illinois - A Cook County court issued a preliminary injunction enjoining Cook County from enforcing the county use tax imposed on tangible personal property purchased outside the county and brought into the county for use.


  • Louisiana - The Department of Revenue issued guidance concerning the newly enacted three-year, three-part tax amnesty program, and announced that the first amnesty period is September 23 – November 22, 2013.


  • North Carolina - House Bill 998 was signed into law by the governor on July 23, 2013, and includes a phased-in corporate income tax rate reduction from 6.9% to 6% for tax years beginning on or after January 1, 2014, and then to 5% beginning 2015.



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