Pennsylvania BFR Orders Adjustment of GST Exempt Trust Credit

The Pennsylvania Board of Finance and Revenue (BFR) ordered an adjustment of the GST Exempt Trust of the taxpayer’s account to reflect other credits for the 2022 tax year. The trust had an underlying interest in Wawa, Inc., which remitted tax on the trust’s behalf to various states on composite returns. The trust contested the DOR’s adjustments to the reported resident credit and other credits, providing documentation from Wawa showing the tax paid to Delaware, New Jersey, and Virginia. The BFR found that the trust was entitled to claim resident credits for the taxes paid to those states, in addition ...