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SOURCE Minnesota Warehouse Association
Report Compiled by KPMG LLP Just Released
ST. PAUL, Minn., Oct. 22, 2013 /PRNewswire/ -- Minnesota is the only state to specifically target public warehousing for a sales tax, according to a study prepared by the nationally recognized accounting firm KPMG LLP.
The study, commissioned by the International Warehouse Logistics Association (IWLA) at the request of the Minnesota Warehouse Association (MWA), reviewed the taxability of general warehousing and storage services in all 50 states and the District of Columbia.
The written report finds:
"This report validates what we have been saying for the past six months," said Minnesota Warehouse Association President Jonathan Lamb. "Minnesota is the only state in the nation to tax warehousing services in this targeted manner. And of the handful of states that tax it in other ways, between exemptions and lack of business activity, it has no practical impact. Unfortunately, the Minnesota tax will definitely impact warehouse service providers and the key sectors they serve, including manufacturing, printing, medical, forestry products and retail. We need to repeal it when the legislature convenes in February."
A complete copy of the report can be obtained by calling 651-646-7351
For More Information Contact: Jonathan Lamb, MWA President 218-727-6649
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