MultiTax Commission

An intergovernmental state tax agency whose mission is to promote uniform and consistent tax policy and administration among the states, assist taxpayers in achieving compliance with existing tax laws, and advocate for state and local sovereignty in the development of tax policy.

Executive Committee Agenda June 2011

PUBLIC NOTICE AND AGENDA

Multistate Tax Commission Executive Committee Meeting

Dial-in: 1-866-381-9862, Conf. Code: 8917135 

Monday, June 6, 2011 
2:00 to 4:00 p.m. Eastern Time

Click here for a PDF copy of this agenda

I. Welcome and Introductions
II. Public Comment Period
  In accordance with its Public Participation Policy, the Commission provides this opportunity for members of the public to address the Commission directly on this agenda. The Chair may also provide for public comment before or during the committees discussion of specific agenda items.
III. Approval of Minutes of the Executive Committee Meetings on December 9, 2010;  March 10, 2011; April 18, 2011; and May 12, 2011
IV. Report of the Chair
V. Report of the Treasurer
  A. Financial Report for the Period July 1, 2010 – April 30, 2011
  B. 2011-2012 Budget Review & Approval
VI. Report of the Executive Director
VII. Committee & Program Reports
  A. Audit Committee
  B. Litigation Committee
  C. Nexus Committee
  D. Technology Committee
  E. Uniformity Committee
  F. Training Program
  G. Other Committee & Program Business (if any)
VIII.  Uniformity — Hearing Officer Recommendations for Consideration
  A. Proposed Amendment to Model Statute for Combined Reporting, Section 1.I. (Definition of Tax Haven)
   
  B. Proposed Model Statute Regarding Partnership or Pass‐Through Entity Income That Is Ultimately Realized by an Entity That Is Not Subject to Income Tax
   
  • Exhibit A: MTC Proposed Statute Regarding Partnership, Pass-Through Entity or Real Estate Investment Trust (REIT) Income That is Ultimately Realized By an Entity That Is Not Subject to Income Tax (including Hearing Officer’s proposed modifications)
  • Exhibit B: Comments on MTC’s Proposed Statute Regarding Partnership or Pass-Through Entity Income That is Ultimately Realized By an Entity That Is Not Subject to Income Tax (May 16, 2011), submitted by the Trades.
  • Exhibit C: Supplemental Comments on MTC’s Proposed Statute Regarding Partnership or Pass-Through Entity Income That is Ultimately Realized By an Entity That Is Not Subject to Income Tax (May 26, 2011), submitted by the Trades.
  • Exhibit D: Comments on Multistate Tax Commission’s Proposed Model Statute Regarding Partnership or Pass-Through Entity Income That is Not Subject to Income Tax (May 12, 2011), submitted by NAREIT.
  • Exhibit E: Supplemental Comments on Multistate Tax Commission’s Proposed Model Statute Regarding Partnership or Pass-Through Entity Income That is Not Subject to Income Tax (May 26, 2011), submitted by NAREIT.
  • Exhibit F: Comments Re: Public Hearing Regarding Proposed Model Statute for Pass-Through Entities and Exempts (May 16, 2011), submitted by Michael Fatale.
  • Exhibit G: Comments in Support of MTC’s Proposed Statute Regarding Partnership or Pass-Through Entity Income That is Ultimately Realized by an Entity That is Not Subject to Income Tax (May 23, 2011), submitted by Massachusetts Revenue Commissioner Navjeet K. Bal.
  • Exhibit H: Comments Regarding Proposed Statute Regarding Partnership or Pass-Through Entity Income That is Ultimately Realized by an Entity That is Not Subject to Income Tax (May 13, 2011), submitted by Selvi Stanislaus, Executive Officer, California Franchise Tax Board.
  C.  Proposed Model Sales & Use Tax Notice and Reporting Statute
    Testimony of Rep. Isaac W. Choy, Hawaii State House Representative  
IX. Review of Upcoming Meetings & Events Schedule
  44th Annual Conference & Meetings, Whitefish, Montana, July 24-28, 2011
XI. Adjournment