United States:
Multistate Tax Commission Adopts Amendments To Model General Allocation And Apportionment Regulations
30 June 2017
Grant Thornton LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On February 24, 2017, the Multistate Tax Commission
adopted amendments to its Model General Allocation and
Apportionment Regulations. The amendments to the model regulations
reflect recent changes made to key provisions of Article IV of the
Multistate Tax Compact, including the adoption of market-based
sourcing for receipts from transactions other than sales of
tangible personal property.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from United States