Which of the following is not immune from state income taxation, even if P.L. 86-272 is in effect?

Question

Quizplus · Accepted Answer

P.L. 86-272 provides immunity from state income taxation for businesses engaged in certain types of activities, such as solicitation of orders for sales of tangible personal property. However, the sale of a warehouse used in the taxpayer's business is not protected by this immunity provision and can be subject to state income taxation. Choices A and B, on the other hand, are protected by P.L. 86-272 as they pertain to the sale of office equipment used in the taxpayer's business.

Which of the Following Is Not Immune from State Income