An administrative law judge concluded that a taxpayer owed sales tax on property and equipment it acquired under the terms of a limited liability company (LLC) purchase agreement. The taxpayer argued that the acquisition was merely a transfer of the intangible equity interests in the LLC.
Source: KPMG
Latest Posts in "United States"
- Washington, D.C. Increases Sales Tax to 6.5% on Goods and Services Starting October 2025
- Sitka, Alaska Declares Sales Tax-Free Days for Black Friday Weekend, November 28-29, 2025
- Florida Introduces Extended Sales Tax Holiday for Firearms and Outdoor Gear, September-December 2025
- Rhode Island Implements 7% Sales Tax on Short-Term Parking in Lots and Garages
- Understanding the 1% Transportation Sales Tax Referendum: Key Facts and Implications for Voters
