The annual Advanced State and Local Tax Institute at Georgetown University Law Center is fast approaching (Aug. 7 and 8). This year’s Institute is organized into four themed segments: apportionment, mergers and acquisitions, tax base and the “greatest issues in SALT.”
The themes themselves are a good reflection of the latest trends in state tax. But the apportionment segment in particular will likely be of great interest to the corporate tax world, given that it falls only a week after the yearly Multistate Tax Commission meeting . This year’s MTC meeting will include a vote on the updates to the Multistate Compact’s uniformity provisions, including:
The Georgetown Institute’s segment on apportionment will include topics that will be significantly impacted by the MTC’s decisions at their annual meeting. The panel discussion covering the trend towards single sales factor apportionment and the session covering sourcing of sales other than tangible personal property will undoubtedly be influenced by the MTC’s vote on sales factor sourcing for services and intangibles, as well as the definition of business income and sales. The panel on alternative apportionment will likely reflect the MTC’s decisions surrounding distortion relief and factor weighting.
With changes to the Multistate Compact fresh and unexplored, this year’s Advanced State and Local Tax Institute promises to serve as the first word on issues affecting the apportionment formula and its treatment among the states.
By Melissa Fernley
Continue the discussion on Bloomberg BNA's State Tax Group on LinkedIn .
For more information about this
and other state tax issues, sign up for a
of the Bloomberg BNA Premier State Tax
Follow Melissa on Twitter: @mafernley
Follow BBNA on Twitter: @BBNAtax
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)