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- Title
Breaking State and Local Developments.
- Abstract
The article looks at the service revenue apportionment regulation in California and the adoption of a substantial nexus standard in Colorado. The California Franchise Tax Board (FTB) has amended its income-producing activity and costs of performance to include services performed by an agent or independent contractor on behalf of a taxpayer. It states that the corporate income tax regulation was changed by the Colorado Department of Revenue based on Multistate Tax Commission (MTC) model statute.
- Subjects
CALIFORNIA; COLORADO; UNITED States; CORPORATE tax laws; GOVERNMENT revenue laws; CALIFORNIA. Franchise Tax Board; COLORADO. Dept. of Revenue
- Publication
Journal of State Taxation, 2010, Vol 28, Issue 4, p15
- ISSN
0744-6713
- Publication type
Article