Tax Reform, Multistate Tax Commission (MTC)

New Jersey Proposes Rules Incorporating Parts of MTC's Public Law 86-272 Guidelines

Husch Blackwell LLP on 3/14/2025

Public Law 86-272 (P.L. 86-272) was first adopted by the U.S. Congress in 1959 to address the business concerns of tax implications from traveling salesmen working in multiple states. To address these concerns, Congress used...more

Colorado Changes Rules for Determining Members of Combined Filing Group

McDermott Will & Schulte on 5/21/2024

Colorado Governor Jared Polis has signed legislation that would replace Colorado’s unique “3 of 6” rule for determining the members of a unitary group for combined reporting purposes and instead adopt what Legislative Council...more

New York State Department Intends to Finalize Corporate Tax Regulations This Fall

McDermott Will & Schulte on 5/3/2022

Almost seven years after it started releasing draft regulations concerning sweeping corporate tax reforms that went into effect back in 2015, the New York State Department of Taxation and Finance (Department) has issued...more

Legal Alert: MTC Meets With Economic Firms to Continue Its Transfer Pricing Effort

Eversheds Sutherland (US) LLP on 10/7/2014

On October 6, the Multistate Tax Commission Arm’s-Length Adjustment Service Advisory Group (the “Group”) met in Atlanta, Georgia, to continue its foray into transfer pricing audits. The Group first met in June and has met...more

MTC Uniformity Committee Prepares for UDITPA Regulations

Eversheds Sutherland (US) LLP on 7/30/2014

On July 28, the Multistate Tax Commission (MTC) Uniformity Committee tabled two projects to free up resources to work on apportionment regulations in anticipation of the full Commission vote later this week that could amend...more

Multistate Tax Commission Targets Summer 2015 Implementation of Transfer Pricing Effort