KPMG reports - Alaska (unitary business); Missouri (corporate income tax); Missouri (bad debts); South Dakota (exempt pipeline services) 

November 4: 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).

  • Alaska - The Alaska Supreme Court held that a taxpayer, a petroleum company headquartered in Texas constitutes a unitary business because the taxpayer’s business segments were functionally integrated; therefore, the alternative apportionment formula applies.
  • Missouri - The Missouri Administrative Hearing Commission ruled that amounts from a taxpayer’s sale of certain intangible assets (such as proprietary software, customer lists, and goodwill) was not subject to Missouri’s corporate income tax.
  • Missouri - Missouri’s Administrative Hearing Commission ruled that a retailer (a department store operating in Missouri) that offered financing to its customers in the form of a private label credit card (maintained by a third-party bank) was allowed a sales tax refund for amounts written off by a third-party bank as bad debts.
  • South Dakota - The South Dakota Supreme Court held that a taxpayer—operating a refined petroleum products pipeline system that generates revenue by charging a transportation tariff and providing certain services—provided additive injection and equipment calibration services that classify as pipeline services exempt from sales tax.

©2013 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
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.

Share this

Share this


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

Email your contact information.

Other TaxNewsFlash publications

TaxNewsFlash-United States by year