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

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

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.

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