Printing industry tax services
Grant Thornton provides tax advisory services to many of the top printers in North America. Our specialty services include transaction tax, property tax, credits and incentives, controversy and income tax services.
Register for Grant Thornton's 12th Annual Printing Industry Tax Conference
Learn more about key tax issues facing the printing industry and connect with your peers to discuss current printing industry topics on June 28-30, 2009, at the Hyatt Regency in Chicago. Reserve your room ($189 per night) at the Hyatt as soon as possible to receive the discounted conference rate. Please call 312.565.1234 and state that you are with Grant Thornton's Printing Conference. Contact Michael Yardley at 312.602.8534 for more information.
Minnesota enacts income and franchise tax protection for customer-provided paper
Minnesota passed legislation indicating that paper shipped in from out-of-state does not establish “nexus” for income and franchise tax protection. Therefore, customers who print jobs in Minnesota on their paper shipped from another state are not subject to Minnesota income and franchise taxes. In effect, the legislation extends Minn. Stat. §297A.66 Subdivision 3(b) nexus protection for sales tax on paper shipped from out-of-state to income and franchise taxes. The legislation is effective for taxable years beginning after Dec. 31, 2008.
Kentucky updates regulation on sales and use tax requirements for printers
The Kentucky Department of Revenue modified its sales and use tax regulation for the printing industry to conform to Kentucky’s changes from the Streamlined Sales and Use Tax Agreement. In particular, the regulation now reflects Kentucky’s treatment of delivery charges including postage as taxable. In addition, the modified regulation has been updated to exclude a discussion of various pre-press charges such as proofing, which are being rendered obsolete due to technological advances. The regulation also continues Kentucky’s existing tax treatment of customer provided or furnished paper.
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