Public Law 86-272 protects a taxpayer from which of the following taxes?
A) California Franchise Tax (a net income tax) .
B) Ohio Commercial Activity Tax (an excise tax with a gross receipts base) .
C) Texas Margin Tax (a tax with net income, gross receipts, and capital worth components) .
D) Washington Business and Occupation Tax (a gross receipts tax) .
Correct Answer:
Verified
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