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Uniformity News

One expressed purpose of the Multistate Tax Compact is to "promote uniformity or compatibility in significant components of tax systems." Consistent with this aim, important information regarding uniformity will be made available on the MTC website, under this heading.

Uniformity & Subcommittees


Financial Institutions Work Group via Teleconference
Monday, November 25, 2013
1:00 pm Eastern Time


Wednesday, December 4, 2013
2:30 pm Eastern Time

NOTE: Please note that these TWO teleconferences are scheduled at different times, to accommodate the greatest number of participants.

Dial-In Number: 1-888-809-4012
Conference Code: 101912

Click here for a PDF copy of this agenda

Please click here for our document library.

I.  Welcome and Introductions 
II. Continuing Discussion of Property Factor
  Materials to be discussed:

  1. Elliott Dubin’s Memo of October 31, 2013 (Apportionment of Net Income of Financial Institutions)
  2. Wall Street Journal Article of October 16, 2013 (Fed Weighs Surcharge on Banks' Physical Commodity Businesses Fee Could Spur Firms to Pare Involvement in the Sector)
  3. Phil Horwitz Proposal to Source Loans in the Property Factor 
  4. Issue Check List (to be updated)
      - Draft Trigger Event Issue List
III. Next Steps
IV.  Adjourn

Additional information on this meeting and agenda may be secured from Loretta King, Multistate Tax Commission, 444 North Capitol Street, N.W., Suite 425, Washington, D.C. 20001-1538, Telephone: (202) 650-0300.



Contents of Final Report of Hearing Officer Regarding Proposed Multistate Tax Commission
Formula for the Uniform Apportionment of Net Income from Financial Institutions 

Financial Institutions Volume 1 (362 pgs.)

Final Report of Hearing Officer Regarding Proposed Multistate Tax Commission

Formula for the Uniform Apportionment of Net Income from Financial Institutions

Financial Institutions Volume 2 (423 pgs.)

Exhibit A.  Recommended Apportionment Formula

Exhibit B.  Pre-May 10, 1990 Proceedings

Exhibit C.  Resolutions of Multistate Tax Commission Executive Committee

Exhibit D.  Notices of Public Hearings and Attendance Lists

Exhibit E.  Interim Reports of Hearing Officer

Exhibit F.  Participant Lists and Agendas: State/Industry Meeting Group (SIMS)

Exhibit G.  Agenda:  MTC/FTA Financial Institutions Business Workshop

Financial Institutions Volume 3 (458 pgs.)

Exhibit H.  Working Materials:  State Subcommittee on Apportionment of Income from Financial Services

Exhibit I.  Working Material:  State/Industry Financial Working Group (S/I FWG)

Exhibit J.  Testimony, Documents and Letters Submitted During Public Hearing Process

Financial Institutions Volume 4  (381 pgs.)

Exhibit J.  Continued

Exhibit K.  Articles, Pamphlets and Outlines

Financial Institutions Volume 5 (504 pgs.)

Exhibit K.  Continued

Financial Institutions Volume 6  (530 pgs.)

Exhibit K.  Continued

Financial Institutions Volume 7  (425 pgs.)

Exhibit L.  Statutes and Regulations

Exhibit M.  Miscellaneous

Exhibit N.  Materials Received Subsequent to Submission of Final Report of Hearing Officer But Before Bylaw VII Survey

Exhibit O.  Bylaw VII Survey of Recommendation (Missing)