IF Subcommittee Agenda 3/2013

Uniformity & Subcommittees



Income and Franchise Tax Uniformity Subcommittee

Hyatt Regency St. Louis at the Arch
315 Chestnut Street
St. Louis, Missouri, 63102

Tuesday, March 5, 2013
1:00 PM— 5:00 PM Central Time


Salus Populi Suprema Lex Esto


To participate via teleconference by dialing (888) 809-4012 and using access code 483929.

I. Welcome and Introductions
II. Public Comment Period
III.   Approval of Minutes of In-Person Meeting  ; Minutes of Teleconference Meeting February 5, 2013 
IV. Reports and Updates
  A.  Federal Issues Affecting State Taxation
  B. Report on Commission Action on Uniformity Projects
    1.   Recommended Amendments to Compact Art. IV [UDITPA]
      — § 17, Sales factor sourcing for services and intangibles
      — § 1(g), Definition of “sales”
      — § 1(a), Definition of “business income”
      — § 9, Factor weighting
      — § 18, Distortion relief
    2.  Model Statute for Partnership or Pass‐Through Entity Income Ultimately Realized by an Entity That Is Not Subject to Income Tax
V. Project to Amend MTC Model Financial Institutions Apportionment Rule 
  A. Report from Work Group
      - Financial Institutions Memo
  - Draft Issues List
  B. Public Comment
  C. Committee Discussion
VI. Process Improvements Discussion
  A. Staff Presentation and Materials
  B. Public Comment
C. Committee Discussion
VII. Possible New Project Regarding State Use of “Section 482”Authority
B. Public Comment
C. Committee Discussion
VIII. New Business
IX. 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) 650-0300.