Shaking things up in state and local tax
Shaking things up in state and local tax
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
This Week’s Question
What are the only two states without some form of tax uniformity clause in their constitutions?
E-mail your response to SALTonline@eversheds-sutherland.com.
The prize for the…
Thank you to everyone who participated in last week’s trivia question!
Last Week’s Question:
What was the first state to adopt a single-factor sales factor formula for apportioning an interstate corporation’s income for state income tax purposes?
The Answer:
The Multistate Tax Compact was drafted in 1966 and became effective, according to its own terms,…
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
Today’s Question: In 1967, which state became the first to adopt the Multistate Tax Compact?
E-mail your response to SALTonline@eversheds-sutherland.com.
The prize for the first response to today’s…
Thank you to everyone who participated in last week’s trivia question!
Last Week’s Question:
What was the first state to adopt a single-factor sales factor formula for apportioning an interstate corporation’s income for state income tax purposes?
The Answer:
In 1911, Wisconsin was the first state to formally enact a tax on corporations based on…
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
Today’s Question
What was the first state to enact a net income tax on corporations?
E-mail your response to SALTonline@eversheds-sutherland.com.
The prize for the first response to today’s…
Thank you to everyone who participated in last week’s trivia question!
Last Week’s Question:
What was the first state to adopt a single-factor sales factor formula for apportioning an interstate corporation’s income for state income tax purposes?
The Answer:
Iowa. In Moorman Mfg. Co. v. Bair, 437 U.S. 267 (1978), the U.S. Supreme Court held…
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
Today’s Question
What was the first state to adopt a single-factor sales factor formula for apportioning an interstate corporation’s income for state income tax purposes?
E-mail your response to…
Thank you to everyone who participated in last week’s trivia question!
Last Week’s Question:
The Internal Revenue Service was created by which U.S. President?
The Answer:
In July 1862, President Abraham Lincoln and Congress passed the Revenue Act of 1862, creating the office of Commissioner of Internal Revenue and enacting a temporary income tax to…
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award prizes for the smartest (and fastest) participants.
Today’s Question
The Internal Revenue Service was created by which US President?
E-mail your response to SALTonline@eversheds-sutherland.com.
The prize for the first response to today’s question is a…
Thank you to everyone who participated in last week’s trivia question!
Last Week’s Question:
Which two states refer to their state taxing agency as “the Comptroller?”
The Answer:
Maryland and Texas. Most taxes in Maryland and Texas are administered by, respectively, the Maryland Comptroller of the Treasury and the Comptroller of Public Accounts of the…
