Apportionment Issues

Schadewald, Michael S.
July 2009
Journal of State Taxation;Jul/Aug2009, Vol. 27 Issue 5, p9
Academic Journal
The article discusses the imposition of three-factor formula of corporate income tax that includes a property factor for the multistate taxpayers in the U.S. The formula is in accordance to the provisions provided by the Uniform Division of Income for Tax Purposes Act (UDITPA) and the associated Multistate Tax Commission (MTC) regulations. It explains that the property factor UDITPA is its average value of taxpayer's real and tangible personal property, meanwhile, MTC includes the accessories.


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