A state can levy an income tax on a business only if the business was incorporated in the state.

Name: A state can levy an income tax on a business only if the business was incorporated in the state.
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Question

Quizplus · Accepted Answer

A state can levy an income tax on a business if the business has sufficient nexus or connection to the state, such as conducting business activities or having a physical presence there, not just based on the state of incorporation.

A State Can Levy an Income Tax on a Business