Using Research Problem 2 found on page 24-41 in the textbook, prepare an e-mail (using a Word document), which you will submit to me discussing your research as requested in the problem.

For your state and one of its neighbors, find the following income tax rules. Place your data in a chart, and e-mail your findings to your professor.

a. To what extent does each state follow the rulings of the Multistate Tax Commission?

b. Does the state adopt pertinent changes to the Internal Revenue Code? If so, as of what date?

c. Has the state joined the Streamlined Sales Tax Project? If so, which of the projects rules has the state adopted? What is the effective date?

d. Is the tax effectiveness of a passive investment company limited in some way? Has the state adopted the Geoffrey approach to the taxation of income from intangibles? Explain

e. Does the state apply entity-level income taxes for S corporations, partnerships, and LLCs? If so, what are the terms of those taxes? Does the state levy a minimum tax or alternative minimum tax? If so, what are the terms and rates for the tax