TITLE

Business-Activity Tax Bill Set to Return

AUTHOR(S)
Vadum, Matthew
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/7/2005, Vol. 351 Issue 32065, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the legislation that would limit the ability of state and local governments to impose business-activity taxes on out-of-state businesses will be reintroduced. The bill failed to win congressional approval in 2004. It would bar states and localities from levying franchise taxes, business-license taxes, and other business-activity taxes against any out-of-state company unless the company has a nexus or a substantial physical presence in the taxing state.
ACCESSION #
15954342

 

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