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State Taxes Franchise Taxes Income Apportionment

Holland & Knight LLP

Tennessee Removes Alternative Measure for Franchise Tax, Creates Automatic Refund Period

Holland & Knight LLP on

Gov. Bill Lee recently signed into law Public Chapter 950, which creates significant changes in how Tennessee's franchise tax is calculated. Until now, the franchise tax has been calculated based on 1) a taxpayer's...more

BakerHostetler

The Neverending Story: California FTB Regulation Projects

BakerHostetler on

Since 2017, the California Franchise Tax Board has been working on revisions to its regulations for market-based sourcing regulation for income from services and intangibles and for petitioning for alternative apportionment....more

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