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State Tax Matters summarizes the week's most significant multistate tax developments to benefit your need for concise, selected information. On a weekly basis, this newsletter will provide you with quality updates on relevant state tax matters.
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In this issue (attached below):
Income/Franchise Tax
Texas – U.S. Supreme Court Denies Review of Case Involving Scope of P.L. 86-272.
Texas – House Passes Bills that Propose New “Margins Tax” to Replace Franchise Tax and Reduction in School District PropertyTax Rate Cap.
Sales/Use Tax
Louisiana – ‘Ultimate Use’ Test Rejected; TPP Used in Interstate Commerce is Taxed.
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The week's most significant state tax developments.
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Last Updated: May 8, 2006
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Source: Deloitte & Touche USA LLP - United States (English)
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