The Pennsylvania Board of Finance and Revenue (BFR) partially granted taxpayer’s sales and use tax refunds for the period Jan. 13, 2022, to Jan. 13, 2025. Taxpayer, a private investment firm argued that it paid sales tax and remitted use tax on several exempt transactions, including out-of-state transactions, software, materials shipped out of state, buyside connection fees, nontaxable purchases and services, and construction activities. BFR found that the petitioner was entitled to a refund for certain out-of-state transactions where evidence demonstrated the transactions occurred outside of Pennsylvania or that software was used 100 percent out of state, as well as …
