California – Mandatory Single Sales Factor Apportionment Formula Bill Passed

SALT Report 1683 – The California General Assembly passed a bill that, if enacted, will require most multistate taxpayers to use a single sales factor formula to apportion their business income when determining their corporate franchise and income… Continue reading California – Mandatory Single Sales Factor Apportionment Formula Bill Passed

Illinois – Independent Tax Tribunal Created

SALT Report 1682 – The Illinois Legislature recently created a Tax Tribunal independent of the Department of Revenue. Effective July 1, 2013 the Tribunal will have the authority to hear and resolve tax disputes between the DOR and taxpayers prior … Continue reading Illinois – Independent Tax Tribunal Created

Maryland – Expiring Exempt Organization Certificates

SALT Report 1680 – The Maryland Comptroller issued a reminder for all exempt organizations that have Maryland exempt organization forms. These forms are expiring as of September 30, 2012 and every exempt organization must reapply to receive a new … Continue reading Maryland – Expiring Exempt Organization Certificates