Latest News
In Memory of William F. (Will) Yancey
The Commission would like to recognize the passing of Dr. Will Yancey, PhD, CPA, on February 11, 2010, and acknowledge his contributions and participation in numerous MTC projects and conferences over the past decade. His intellect, knowledge, and, most of all, friendship will be missed.
Changes in State Corporate Income Tax Apportionment Formulas and Changes in State Corporate Income Tax Bases
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This paper examines the impact of changes in the income apportionment formula on changes in apportioned state corporate income tax base levels. The paper employs a state-level panel comprising all states plus the District of Columbia and spans 2001to 2008 to estimate the effect of changes in the apportionment weights. The estimates suggest that increases in the sales factor weight are generally associated with lower apportioned corporate income tax base; but this is not always the case. Read more... |
Coming Soon: International Financial Reporting Standards
For the past two decades, the Securities and Exchange Commission has been pushing for a single set of high-quality financial reporting standards. In an increasingly global business environment, uniform financial reporting allows for easier comparison between US domestic corporations and their foreign competitors, and will help to facilitate increased cross-border investment and capital market participation. Read more...
Executive Director Joe Huddleston Awarded Honorary Degree
The Commission is pleased to announce that Executive Director Joe Huddleston was awarded the honorary degree of Doctor of Laws on December 14, 2009, by University of South Carolina President Harris Pastides. The award of an honorary degree is the highest honor the University of South Carolina can bestow. Joe Huddleston was cited for his considerable leadership and commitment to the pursuit of efficient and effective government and commerce through sound public policies; for his dedication and devotion to the concept of equitable and simplified taxation; and for his dedication to the communities in which he has lived as well as to his alma mater, the University of South Carolina. You can read more about this tremendous honor.
Marshall Stranburg Receives 2009 MTC Paull Mines Award
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On July 29, 2009, Marshall Stranburg, General Counsel for the Florida Department of Revenue, was presented with the second annual Paull Mines Award for Contribution to State Tax Jurisprudence. The Commission established this award to honor Paull Mines, who served as MTC general counsel for eight years until his death in 2002. We are pleased to recognize Marshall’s outstanding contributions, and the leadership, legal excellence, and professional integrity that Marshall exercises in the best tradition of the profession. |
Commission Seeks Information for its Automated Audit Program Software Project
The MTC Technology Committee is seeking information from interested vendors regarding computer software to be used for case management by its Joint Audit Program. The deadline for responses has been extended to March 15, 2010. Click here for more information.
State Tax Amnesties
Several states are in the midst of or have recent started amnesty programs. For your convenience, the Commission has set up a page that lists these amnesty programs and provides links you can follow to get specific information. You can find that page here.
42nd Annual Conference
The Commission held its 42nd Annual Conference, The States, The Economy, and the Great Recession, on July 29, 2009 in Kansas City, Missouri. Visit our 2009 Annual Conference page to see presentations from this event.
Statistical Sampling for Sales and Use Tax Audits
Appropriate use of sampling techniques contributes to reduced audit cost and improved audit results—for both the tax agency and the taxpayer. The MTC has scheduled three sessions of this course, which are open to state and local government and private sector participants:
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