Have the Clouds Lifted Concerning New York's Sourcing of Business Receipts From Web (Electronic) Transactions?

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

In a previous article, David Schmutter, Keith Eisenstein and Sam Cohen, all of Ernst & Young, suggested that legislation may be needed to clear up “cloudy” rules in the area of sourcing receipts from electronic transactions in New York. Legislation has since been passed, and this article discusses the newly adopted receipts-sourcing provisions and offers commentary as to whether those “clouds” have been lifted.