Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / state-tax-impact-analysis-memo.docx
state-tax-impact-analysis-memo.docx
Parties
HARKNESS LLP
Global Tax Penterra Pharmaceuticals Corp
Penterra Pharmaceuticals Corp
State Inc
Associates LLP
States Where PPC Files Corp
Federal Taxable Inc
Penterra Manufacturing Ireland Ltd
Dates
April 10, 2024
March 29, 2024
June 27, 2024
May 16, 2022
October 12, 2023
November 8, 2023
December 22, 2023
February 28, 2024
March 15, 2024
March 22, 2024
Amounts
$47.6
$11.2
$12.4
$12.8
$380.4
$10.0
$2.84
$1.5
$3.0
$6.82
Obligations
Specifically, the analysis must account for whether PPC files on a separate-entity basis, as part of a combined or consolidated group, and which entities are included in the group
PPC's New Jersey sales factor for the tax years at issue must be determined from PPC's actual filing data
For TY 2017 and TY 2018, PPC's filing method must be confirmed; if PPC filed on a separate-entity basis, the apportionment calculation will differ slightly from a combined filing
PPC must file amended New Jersey CBT returns—Form CBT-100 (separate) or Form CBT-100U (combined)—for TY 2017 through TY 2020
6, PPC is required to report the federal change to the New Jersey Division of Taxation within 90 days of the final federal determination
& Tax Code § 18622, PPC is required to report the federal change to the California Franchise Tax Board within six months of the final federal determination