Apportionment Issues

Schadewald, Michael
March 2008
Journal of State Taxation;Mar2008, Vol. 26 Issue 3, p9
Academic Journal
The article provides updates on the taxation rules of each state in the U.S. regarding the determination of entities in the combined reporting group. Michigan has cancelled its single business tax policy effective on December 31, 2007 and integrated the business income tax and modified gross receipt tax application to different business activities and transactions carried out in the state. New York has carried out different changes in its corporate franchise tax on income and capital in accordance to the state's observed economic nexus as well as its proposed tax guidelines. Texas imposed the effectivity of margin tax on January 1, 2008 which necessitates companies operating within the state to file a combined business report.


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