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.
Louisiana Revenue Information Bulletin No. 08-020 discusses the enactment Act 9 of the 2008 Second Extraordinary Session, which redrafted La. Rev. Stat. Ann. Section 47:301(3)(i)(ii)(bb), so that the sales tax exclusion now clearly applies to acquisitions of manufacturing equipment by all newspaper publishers classified within Sector 511110 of the North American Industry Classification.
The New Mexico Court of Appeals in Dell Catalog Sales L.P. v. New Mexico Taxation and Revenue Department applied the destination principle when it found that an out-of-state seller who sold merchandise to individual in-state customers via mail, telephone and the internet was subject to gross receipts tax. The court also ruled that the taxpayer, who had no physical presence in the state, had established substantial nexus as a result of the taxpayer’s third-party service providing and performing installation and maintenance services for the taxpayer’s New Mexico customers.
Our annual conference was May 4-6, 2008, at the Hyatt Regency in Chicago. We will post conference materials soon! For more information contact Michael Yardley at 312.602.8534.
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