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Multistate Tax  |  March 12, 2021
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Income/Franchise:
California: Draft Proposed Rule Changes on Alternative Apportionment Petitions Move Forward

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Request for Permission to Proceed with the Formal Regulatory Process to Adopt Amendments to California Code of Regulations, Title 18, Section 25137, Relating to Alternative Apportionment Method Petition Procedures, Cal. FTB (3/4/21). At the meeting of the Three-Member California Franchise Tax Board (Board) held on March 4, the Board approved Franchise Tax Board (FTB) staff’s submitted draft proposed regulatory amendments regarding the FTB’s alternative apportionment method petition procedures and granted permission to move forward with California’s formal Administrative Procedures Act (APA) regulatory process on the changes [see State Tax Matters, Issue 2021-1, for details on earlier movement of the draft proposed language]. Please contact us with any related questions.

 

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Christopher Campbell (Los Angeles)

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Deloitte Tax LLP

 

Kathy Freeman (Sacramento)

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Deloitte Tax LLP

 

Jairaj Guleria (San Jose)

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Deloitte Tax LLP

Shirley Wei (Los Angeles)

Senior Manager

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In this issue

Income/Franchise
California: Draft Proposed Rule Changes on Alternative Apportionment Petitions Move Forward

Connecticut: New Law Expands Credit for Telecommuters and Provides Nexus Relief During Pandemic

Kansas: New Law Creates Loan Interest Income Deduction for Some Financial Institutions

Massachusetts DOR Adopts Permanent Sourcing Rule on Pandemic-Related Telecommuting

New Hampshire: Adopted Rules Implement BPT and BET Market-Based Sourcing Rules

Texas Comptroller Addresses COGS Deduction Pertaining to Research Expenses

Sales/Use/Indirect
Maryland Comptroller Explains New Law Taxing Digital Products and Says that SaaS is Taxable

Missouri: State High Court Disallows Resale Exemption Based on Terms of Aircraft Reuse Agreement

Tennessee DOR Reminds that Nexus Thresholds Involving Marketplaces Don’t Apply to Franchise Tax

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