Most states allow a deduction for state income taxes in computing state taxable income.
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Q4: Most states allow an exclusion for interest
Q5: States generally impose a capital based franchise
Q6: P.L.86-272 is applicable only to state income
Q7: For purposes of the payroll factor, "compensation"
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Q12: The property factor is generally calculated based
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Q14: Leased property is generally not taken into
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