Journal of State Taxation articles from September 2002

Journal of State Taxation archives from September 2002

A lawmaker's guide to the Streamlined Sales Tax SSTP.
September 22, 2002... The Streamlined Sales Tax SSTP (SSTP) is an effort created by state governments, with input from local governments and the private sector, to simplify and modernize sales and use tax collection and administration. The SSTP's proposals include...

State approaches to the taxation of intangible asset subsidiaries.
September 22, 2002... Since the 1993 South Carolina Supreme Court decision in Geoffrey Inc. v. South Carolina Tax Commission, (1) many states have pursued taxation of income earned from intangible assets held by passive investment companies (PICs). In the Geoffrey...

California's MIC regulations and FTB taxpayer guidance on claiming the MIC.(manufacturers' investment credit; Franchise Tax Board)
September 22, 2002... INTRODUCTION Part I of this article provides a comprehensive review of the development and adoption of the regulations that implement California's manufacturers' investment credit (MIC). The Franchise Tax Board (FTB) promulgated these...

Managing a unitary audit.
September 22, 2002... Most state income tax audits focus entirely on financial records, such as general ledgers, apportionment schedules, and depreciation schedules. A unitary audit is a notable exception. When a state is auditing the makeup of the combined group...

SBE issues written decision in second MIC case.(California State Board of Equalization; manufacturers' investment credit)
September 22, 2002... INTRODUCTION In its public hearing on March 26, 2002, the California State Board of Equalization (SBE) heard the second taxpayer appeal involving the manufacturers' investment credit (MIC). In the Appeal of Milpitas Materials Company and...