IF Subcommittee Agenda 3/2012

Uniformity & Subcommittees

PUBLIC NOTICE AND AGENDA

Income and Franchise Tax Uniformity Subcommittee
Doubletree By Hilton Hotel Nashville
315 4th Avenue North
Nashville, Tennessee 37219
 
Agriculture and Commerce 

Wednesday, March 7, 2012
8:30 AM— 3:30 PM

Dial-In Number: 1-866-381-9862
Conference Code: 5364110
I. Welcome and Introductions
II. Public Comment Period
III.   Approval of Minutes of In-Person Meeting November 29-30, 2011January 31, 2012 Teleconference; February 21, 2012 Teleconference
IV. Reports and Updates
  A. Federal Issues Affecting State Taxation
  1. H.R. 1439, Business Activity Tax Simplification Act of 2011
    2. H.R. 1864, Mobile Workforce State Income Tax Simplification Act of 2011
    3.  H.R. 1416, Crime Victim Restitution and Court Intercept Fee Act
  B.  Report on Commission Action on Uniformity Projects
    1. Amendment of Multistate Tax Compact Article IV.1(g) (Definition of Sales)
    2. Amendment of Multistate Tax Compact Article IV.9 (Factor Weighting)
    3. Amendment of Multistate Tax Compact Article IV.17 (Sales Factor – Sourcing for Services and Intangibles)
V. Project to Amend MTC Model Financial Institutions Apportionment Rule 
  A. Report from Work Group
  B. Public Comment
  C. Committee Discussion
VI. Project to Amend Multistate Tax Compact Article IV.1(a) (Definition of "Business Income”)
  A. - Presentation of Staff Memorandum and Draft Model Statute
    Art.IV.1(a) technical amendments (business vs. apportionable)
  B. Public Comment
C. Committee Discussion
VII. Project to Amend Multistate Tax Compact Article IV.18 (Distortion Relief) 
  A.  Presentation of Staff Memorandum and Draft Model Statute
  B. Public Comment
C. Committee Discussion
VIII. 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
Insurance Company SEC-Filed Organizational Charts, Media Reports and Related Materials (141 pgs., 60 MB)
B. Public Comment
C. Committee Discussion
IX. Possible New Project Regarding Interpretation of Art.IV.3 (Taxable in Another State)
  A. Presentation of Staff Memorandum
  B. Public Comment
C. Committee Discussion
X. New Business
XI. 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, E-mail: rbland@mtc.gov.