Recently enacted House Bill 3286 provides a new subtraction for publicly traded companies intended to offset the financial statement effect of recent apportionment law changes. These recent changes include moving to single sales factor apportionment and market-based sourcing and the repeal of the throw-out rule.
Source: kpmg.com
Latest Posts in "United States"
- Update Sales and Use Tax: Tax Base and Taxability Updates Across Various States
- Introduction to U.S. Sales Tax Exemptions
- Nexus and Marketplace: Recent Tax Regulation Updates Across California, Georgia, Hawaii, and Louisiana
- California proposes rules for determining proper allocation of Technology Transfer Agreement values
- US Postpones Tariffs on Pharmaceuticals and Wooden Products
