Is a trend starting for special state tax treatment of retailers?

Retail & Consumer Products Quickbrief
Retail companies are not often thought of within the group of industries that has special treatment for state and local tax purposes. However, in the last two years New Mexico and Virginia have enacted special state income tax rules for retailers. Retailers should be aware of New Mexico’s combined reporting requirement and Virginia’s single sales factor apportionment method applicable to certain retailers.

Return to Tax research and insights
Retail & Consumer Products Quickbrief archive