SALT Trivia

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Thank you to everyone who participated in last week’s trivia question!

Last Week’s Question:
What are the only two states without some form of tax uniformity clause in their constitutions?

The Answer:
While nearly all state constitutions include some requirement that taxation be uniform or equal, the constitutions of Connecticut and New York do not…

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,…

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…

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…

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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…