Companies conducting business in more than one state are subject tomultistate taxation. In order tocreate uniformity and consistency in the measurement and determination of business and nonbusiness income, the following legislation was drafted:
A)Uniform Division of Income for Tax Purposes
B)Multilateral Income Agreement
C)Income Treaty
D)Multistate Accord

Question

Quizplus · Accepted Answer

The Uniform Division of Income for Tax Purposes Act (UDITPA) is the legislation designed to create uniformity and consistency in the measurement and determination of business and nonbusiness income for companies operating in multiple states.

Companies Conducting Business in More Than One State Are Subject