WebApr 1, 2016 · On Oct. 17, 2002, the Multistate Tax Commission (MTC) adopted a model rule, Factor Presence Nexus Standard for Business Activity Taxes, in an effort to promote uniformity among the states and create a simple bright-line nexus test for business activity taxes in response to the proliferation among the states of a wide variety of economic and ... WebJul 31, 2024 · The Ohio Supreme Court today issued its much-anticipated rulings in three commercial-activity tax (CAT) cases. The out-of-state companies had separately …
Update on Pennsylvania locality business taxes Grant Thornton ...
WebMar 10, 2024 · Revised nexus bright-line/doing business thresholds. The California Franchise Tax Board (FTB) has announced adjustments to its bright-line “nexus/doing business in California” thresholds, for income/franchise tax purposes, to reflect changes in the California Consumer Price Index as annually required by statute. ... The revised … WebApr 4, 2024 · New York updates bright-line nexus thresholds. New York released TSB-M-21(3)C, providing for an increase of the state’s receipts-based bright-line threshold for economic nexus for tax years beginning on or after Jan. 1, 2024. Taxpayers with more than $1,138,000 of receipts within New York state or within the Metropolitan Commuter ... mayor of lathrop
Pennsylvania Administratively Sets Bright-Line Economic Nexus …
WebJan 21, 2024 · Find out how bright-line standards and economic nexus affect remote service providers. ... There is no specific origin of the $500,000 sales threshold, but in the case J.C. Snavely & Sons, Inc. v. Wheeler, 538 A.2d 324 (Md. App. 1988), a corporation sold approximately $500,000 worth of materials in Maryland, which was more than 2 … WebNexus Changes. Effective for taxable years beginning on or after January 1, 2015, New York applies a bright-line statutory nexus threshold to determine taxability. The … WebMay 12, 2024 · The Kansas legislature on May 3, 2024 overrode the governor’s veto of S.B. 50, thereby enacting remote seller and marketplace facilitator rules, as well as other income tax provisions. The new legislation creates a bright-line small-seller exemption for remote retailers, bringing Kansas in line with the rest of the country. mayor of lathrup village mi