What effect does the Interstate Income Law Pubic Law 86-272) have on state taxation of out-of-state businesses?
A) It is the Supreme Court's rule that a state cannot tax a business without minimum contacts.
B) It allows joint audits of multistate businesses.
C) It prevents income taxation of interstate commerce if a company's only business within a state is solicitation of orders.
D) All of the above.
Correct Answer:
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Q15: The Uniform Division of Income for Tax
Q16: Which two U.S. Constitutional clauses primarily control
Q17: State revenue departments are:
A) administrative agencies responsible
Q18: Which statement is CORRECT regarding State sales
Q19: The purpose of the Streamlined Sales and
Q21: The Federal Laws are the supreme laws
Q22: The Tax Foundation is an educational organization
Q23: When determining state taxable income, refunds of
Q24: BNA provides a State Tax Series of
Q25: The interpretation of the Commerce Clause's limits
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