News & Analysis as of

Multistate Tax Commission (MTC) Income Taxes

Eversheds Sutherland (US) LLP

SALT Scoreboard - Quarter 2, 2024

This is the second edition of the Eversheds Sutherland SALT Scoreboard for 2024. Since 2016, we have tallied the results of what we deem to be significant taxpayer wins and losses and analyzed those results. Our entire SALT...more

Eversheds Sutherland (US) LLP

SALT Scoreboard - Quarter 1, 2024

This is the first edition of the Eversheds Sutherland SALT Scoreboard for 2024. Since 2016, we have tallied the results of what we deem to be significant taxpayer wins and losses and analyzed those results. Our entire SALT...more

Bradley Arant Boult Cummings LLP

Special Commentary: State Tax Treatment of Investment Partnerships

As we previously reported, the Multistate Tax Commission has undertaken an ambitious project on the state taxation of partnerships. Their partnership work group consists of volunteers from numerous state revenue departments,...more

BakerHostetler

[Podcast] Don't Pick Me! The Multistate Tax Commission Audit Nomination Process

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The Multistate Tax Commission recently issued a policy position on not disclosing which states nominated a taxpayer for a joint audit or why they were nominated. Matt Hunsaker discusses....more

Faegre Drinker Biddle & Reath LLP

E-Commerce Businesses Beware: The MTC Is Coming for Your PL 86-272 Protection

In August, the member states of the Multistate Tax Commission (MTC) voted unanimously to formally adopt revisions to its “Statement of Information Concerning Practices of Multistate Tax Commission and Supporting States Under...more

Blank Rome LLP

P.L. 86-272: Has the MTC Put It Down for the Count?

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By unanimous vote on August 4, 2021, the Multistate Tax Commission (“MTC”) adopted a revised “Statement of Information Concerning Practices of Multistate Tax Commission and Supporting States under Public Law 86-272” (“MTC...more

BakerHostetler

[Podcast] Data Processing, PL 86-272, and the MTC Partnership Tax Project

BakerHostetler on

Matt Hunsaker catches up on three recent developments: Texas legislation excluding payment processing from taxable data processing, a taxpayer PL 86-272 win in New Jersey, and a preview of the Multistate Tax Commission's...more

BakerHostetler

What Happened at the Multistate Tax Commission Annual Committee Meetings?

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Throughout November, various Multistate Tax Commission committees held virtual annual meetings (due to COVID). In this episode, Matt Hunsaker runs down the highlights from each meeting, including technical corrections to...more

Bradley Arant Boult Cummings LLP

Recent Alabama Tax Developments

The Alabama Legislature adjourned sine die on May 4 bringing the 2016 Regular Session to an end. The 2017 Regular Session is scheduled to begin in February and there have been reports of a potential special session later in...more

Bradley Arant Boult Cummings LLP

Alabama Department of Revenue Proposes Changes to its Corporate Income Tax Apportionment Regulations

The Alabama Department of Revenue (ADOR) recently proposed numerous changes to its apportionment rules for corporate income taxpayers, with the stated intention of adopting “recommended amendments to the [Multistate Tax...more

Eversheds Sutherland (US) LLP

Legal Alert: MTC Meets With Economic Firms to Continue Its Transfer Pricing Effort

On October 6, the Multistate Tax Commission Arm’s-Length Adjustment Service Advisory Group (the “Group”) met in Atlanta, Georgia, to continue its foray into transfer pricing audits. The Group first met in June and has met...more

McDermott Will & Emery

MTC’s Market-Based Sourcing Recommendations for UDITPA: Too Little, Too Late?

Member states of the Multistate Tax Commission (MTC) voted to adopt proposed amendments to Article IV of the Multistate Tax Compact during their annual meeting in late July. The proposed amendments likely to have the most...more

Bradley Arant Boult Cummings LLP

Alabama Joins Transfer Pricing Advisory Group to Develop New Service for the Multistate Tax Commission

Alabama has joined the District of Columbia, Florida, Georgia, Hawaii, Iowa, Kentucky, New Jersey, and North Carolina as members of the Arm’s Length Adjustment Services (ALAS) Advisory Group, a new project by the Multistate...more

Morrison & Foerster LLP

Multistate Taxation: Developments in Multistate Taxation: September 2013

Illinois - The Illinois Supreme Court held that a life insurance company was subject to a double interest penalty for additional income taxes that were assessed following federal adjustments made after an amnesty...more

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