Latest COST Conscious ISSUE 24-05; March 8, 2024 Sourcing Trucking Services Receipts, MTC Work Group – On February 15, the Multistate Tax Commission’s (MTC) Model Receipts Sourcing Regulation Review Work Group met and voted to draft an alternative model to source some or all trucking services receipts based on pickups and/or deliveries. Although the Work Group does not hold a consistent viewpoint as to whether an apportionment method using picku
Latest Legislative Alert ISSUE 24-10; March 12, 2024 COST Urges MTC to Stop Developing an Alternative Trucking Services Receipts Sourcing Model; COST Opposes Hawaii Legislation Restricting Appeal Rights Based on Document Production During Audits; California Revenue Committee to Consider Ad Tax Legislation
Latest Practitioner Connection ISSUE 24-06; March 15, 2024 South Carolina Enacts Standards for Forced Combination – Legislation (S.B. 298) enacted on March 11 in South Carolina provides that the Department of Revenue may only force a corporate taxpayer to file a unitary combined return when it finds that the taxpayer’s intercompany transactions lack economic substance or are not at fair market value. Judicial review of the Department’s determination is de