Physical presence does not create an income tax nexus for sellers of tangible personal property if their

Fantastic news! We've Found the answer you've been seeking!

Question:

Physical presence does not create an income tax nexus for sellers of tangible personal property if their activities in the state are limited to “protected” activities as described by Public Law 86-272. Comment.

Related Book For answer-question

General Chemistry

ISBN: 978-1439043998

9th edition

Authors: Darrell Ebbing, Steven D. Gammon

See More Books

Posted Date: Sep 08, 2020 03:15 PM

See More Questions

During the California drought, one California community tried to reduce its residents' water consumption by imposing an escalating water price (the marginal price of water rose with monthly use by...
Does your state impose income tax on an S corporation in addition to imposing tax on the shareholders? Explain.
In 1992 the State of Nebraska changed property tax law in a way that lowered the rate of taxation on capital in the non-residential sector of the economy while the rate of applied on residential...
After 1 0 0 0 B . C . E . trade in Greece allowed for the accumulation of wealth by Kings Aristoi Farmers Foreigners
The macro of Fig. 12-7(b) is clearly much more efficient than the procedure of Fig. 12-7(a). One disadvantage, however, is that it is hard to read. Are there any other disadvantages? If so, what are...
Discuss the principles of compressible flow and shock wave dynamics, including the conservation equations for mass, momentum, and energy in compressible fluids, and their application to the analysis...
Describe how the firm decides whether to offer a safe working environment or a risky environment.
The University of Mellencamp is a private, non-profit academic institution. There are 4 colleges located in the institution. It is located in Northern Luzerne County and sunny state of Pennsylvania....
A projectile if fired from 19.6m above the ground with an initial speed of 55.6m/s at an angle of 41.2 degrees above the horizontal. a) Determine the time necessary for the projectile to reach its...
Banner Ltd's budget for the four months from January to April includes the following data. 1. 2. One third of sales revenue is received one month after sale and the remainder is received two months...
Please read questions carefully and refer to Chapter 1 of your text and/or pages entitled, "You must know ATP?", "Energy Systems", and "Muscle Matters". Answer each question by choosing the correct...
Which ONE of the following would NOT explain a favourable direct materials usage variance? A Using a higher quality of materials than that specified in the standard. B A reduction in materials...
Holyrood Products Ltd makes DVD recorders. The management accountant has produced the following summary of the companys trading in the year ended 30 June Year 3: The following additional information...
You are the team leader for a group of social workers who specialise in dealing with the needs of elderly persons in their homes. You have been told by your line manager that your teams budgeted...
Look back to the example of Allerdale in section 15.6. The following information relates to the month of July which had the same budgeted profit as that of June but saw an unexpected increase in...
A company has an annual post tax money cost of capital of 18%. If inflation is 5% per annum, the companys annual post tax real cost of capital is closest to: A 12%. B 13%. C 23%. D 24%.
Find the union and intersection of the 2 following DFAS: (technically, the DFAs that recognize the union and intersection, respectively, of the languages recognized by the following 2 DFAs) b BB B 1...
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
The isomerization of cyclopropane, C3H6, to propylene, CH2=CHCH3, is first order in cyclopropane and first order overall. At 1000oC, the rate constant is 9.2/s. What is the half-life of cyclopropane...
The hypothetical reaction A + B + C D + E has the rate law Rate = k[A] 2 [B]. Which of the following changes would have the least effect on increasing the rate of this reaction? a. Doubling [A] 0...
What is Go for the following reaction? 2I(aq) + Cl2(g) I2(s) + 2Cl(aq) Use data given in Table 19.1.
Wallace and Hussain type estimators for the variance components of a one-way unbalanced panel data model. (a) Verify the \(E\left(\widehat{q}_{1} ight)\) and \(E\left(\widehat{q}_{2} ight)\)...
Consider the following unbalanced one-way analysis of variance model \[y_{i t}=\mu_{i}+u_{i t} \quad i=1, \ldots, N \quad t=1,2, \ldots, T_{i}\] where for simplicity's sake no explanatory variables...
Consider the three-way error component model described in problem 3.15. The panel data can be unbalanced and the matrices of dummy variables are \(\Delta=\left[\Delta_{1}, \Delta_{2}, \Delta_{3}...

Physical presence does not create an income tax nexus for sellers of tangible personal property if their

Question:

Expert Answer:

81027119 Public Law 86272 Exemption From Income Tax 1 Scope a Public Law 86272 15 USC 381384 hereafter PL 86272 restricts a state from imposing a net income tax on income derived within its borders fr... View the full answer

General Chemistry

Students also viewed these law questions