Uniformity & Subcommittees
PUBLIC NOTICE AND AGENDA
Uniformity Committee Meeting
Amway Grand Plaza
187 Monroe Avenue, N.W.
Grand Rapids, Michigan 49503
Si Quaeris Peninsulam Amoenam Circumspice
Income and Franchise Tax Uniformity Subcommittee
Sunday, July 29, 2012
1:00 PM— 5:00 PM
To participate via teleconference by dialing 1-866-381-9862 and using access code 5364110.
| I. |
Welcome and Introductions |
| II. |
Public Comment Period |
| III. |
Approval of Minutes of In-Person Meeting March 7, 2012 |
| IV. |
Reports and Updates |
|
A. |
Federal Issues Affecting State Taxation |
|
1. |
H.R. 1439, Business Activity Simplification Act of 2011 |
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2. |
H.R. 1864, Mobile Workforce State Income Tax Simplification Act of 2011 |
|
B. |
Report on Commission Action on Uniformity Projects |
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§ 17, Sales factor sourcing for services and intangibles |
|
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— § 1(g), Definition of “sales” |
|
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— § 1(a), Definition of “business income” |
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— § 9, Factor weighting |
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— § 18, Distortion relief |
| V. |
Project to Amend MTC Model Financial Institutions Apportionment Rule |
|
A. |
Report of Work Group |
| B. |
Public Comment |
| C. |
Committee Discussion |
| VI. |
Project Regarding Partnership or Pass‐Through Entity Income Ultimately Realized by an Entity That Is Not Subject to Income Tax |
|
A. |
Presentation of Staff Memorandum |
| B. |
Public Comment |
| C. |
Committee Discussion
- Letter from NAREIT (July 26, 2012) |
| VII. |
Process Improvements Discussion |
|
A. |
Presentation of Staff Memorandum |
| B. |
Public Comment |
| C. |
Committee Discussion |
| VIII. |
Possible New Project |
|
A. |
Presentation of Staff Memorandum |
| B. |
Public Comment |
| C. |
Committee Discussion |
| IX. |
New Business |
| X. |
Adjourn |
Additional information on this meeting and agenda may be secured from Roxanne Bland, Multistate Tax Commission, 444 North Capitol Street, N.W., Suite 425, Washington, D.C. 20001-1538, Telephone: (202) 624-8699, Fax: (202) 624-8819.