Breaking state and local developments

According to a Delaware bankruptcy court charged with adjudicating an FTB claim against the taxpayer, the California Franchise Tax Board (FTB) properly applied an alternative apportionment formula for purposes of apportioning the share of a taxpayer's unitary business income taxable to Californ...

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Published in:Journal of State Taxation 2011-11, Vol.30 (1), p.57
Main Authors: Acosta, Angie, Conley, Terry, Delgado, Eddie, Grierson, Scott, Griffiths, David, Jones, Chuck, McNeany, Angela, Sutton, Giles, Tran, Maria, Yesnowitz, Jamie C
Format: Article
Language:English
Subjects:
Apportionment
Bankruptcy
Bankruptcy laws
Business income
Corporate income tax
Federal courts
Managers
Nexus rules
Restaurants
State court decisions
State laws
State taxation
State taxes
Surveys
Taxes
Treasuries
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container_end_page
container_issue 1
container_start_page 57
container_title Journal of State Taxation
container_volume 30
creator Acosta, Angie
Conley, Terry
Delgado, Eddie
Grierson, Scott
Griffiths, David
Jones, Chuck
McNeany, Angela
Sutton, Giles
Tran, Maria
Yesnowitz, Jamie C
description According to a Delaware bankruptcy court charged with adjudicating an FTB claim against the taxpayer, the California Franchise Tax Board (FTB) properly applied an alternative apportionment formula for purposes of apportioning the share of a taxpayer's unitary business income taxable to California. The Michigan Supreme Court reversed a Michigan Court of Appeals' decision and held that a taxpayer with independent registered representatives in Michigan did not have substantial nexus with the state for purposes of the former Single Business Tax. In reversing the Court of Claims, the Court of Appeals agreed with the Michigan Department of Treasury that the taxpayer had substantial nexus with Michigan because of the IRRs located in the state.
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identifier ISSN: 0744-6713
ispartof Journal of State Taxation, 2011-11, Vol.30 (1), p.57
issn 0744-6713
language eng
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source Business Source Ultimate【Trial: -2024/12/31】【Remote access available】
subjects Apportionment
Bankruptcy
Bankruptcy laws
Business income
Corporate income tax
Federal courts
Managers
Nexus rules
Restaurants
State court decisions
State laws
State taxation
State taxes
Surveys
Taxes
Treasuries
title Breaking state and local developments
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