News

ISSUE 25-05; March 14, 2025

Market-Based Sourcing: the Look Through Approach – Approximately 30 states have adopted market-based sourcing for sourcing receipts from the sales of other than tangible property. Market-based sourcing generally assigns revenue for the purposes of the sales factor to the state where the customer has received the benefit of the services. Several states have interpreted the benefit received concept

ISSUE 25-14; March 25, 2025

Maryland Releases Agreement on Final Budget Framework; STRI Release: “The Boomerang Effect of the Business ‘Fair Share’ Tax Debate”

ISSUE 25-06; March 21, 2025

State and Local Tax Weekly for February 21 and February 28 – Prepared by Ernst & Young's State and Local Taxation group, this weekly update summarizes important news, cases, and other developments in U.S. state and local taxation. Ernst & Young LLP, March 19, 2025.