Journal of State Taxation articles from June 2003

Journal of State Taxation archives from June 2003

The effect of state apportionment formulas on plant investment decisions of multistate corporations.
June 22, 2003... The magnitude of corporations' state income tax burden has increased significantly over the past 30 years. Since 1970, revenues from state corporate income taxes have increased more than 580 percent. (1) From 1968 to 1989, nominal state...

Assessing the role of sales taxation in state government.
June 22, 2003... The strategies used by state and local governments to finance public services have long been a prominent topic of discussion among government administrators, political scholars, and business professionals. With the advent of the Great...

Current income tax developments: Northeast region.
June 22, 2003... NEXUS Connecticut There have been no new developments in this area. District of Columbia Starting on July 8, 1999, sales pertaining to Internet access are not considered subject to D.C.'s sales and use tax because they do not...

California's MIC regulations and FTB taxpayer guidance on claiming the MIC.(part 4)(manufacturers' investment credit, Franchise Tax Board)
June 22, 2003... AUDIT ISSUES IDENTIFIED BY THE FTB This section covers the audit issues identified by the FTB. Overview of SIC Code Classification System Revenue and Taxation Code (RTC) section 23649 (c)(1) provides: For purposes of this...

Chief Justice John Marshall and state competition for economic development.
June 22, 2003... INTRODUCTION In The Great Chief Justice, historian Charles F. Hobson concludes, "more than anyone else, John Marshall invented American constitutional law..." (1) Jean Smith correctly describes Chief Justice John Marshall as the "definer...

Does the SBE have the power to invalidate an FTB regulation?(State Board of Equalization, Franchise Tax Board)(California)
June 22, 2003... A major issue that has arisen in appeals to the State Board of Equalization (SBE) involving the manufacturers' investment credit (MIC) concerns the question of whether the SBE has the legal authority to invalidate a regulation promulgated by...

Frequently asked multistate tax question: does machinery or equipment attached to buildings or other realty constitute realty or personalty?
June 22, 2003... Does machinery or equipment attached to buildings or other realty constitute realty or personalty? There is no strict answer to the question of whether machinery or equipment attached to buildings or other realty constitutes realty or...

Receipts included in sales factor.(Sales Factor, part 1)
June 22, 2003... Sales Factor (Part 1) Receipts Included in Sales Factor Legend: X Receipts from these items are included in sales factor NA Not applicable NE Not reported What Is Sales Factor Includes Receipt...