California Appeals Court to hear denial of MTC 3-factor apportionment election


On May 8, 2012, the California Court of Appeal will hear an appeal involving the Franchise Tax Board's refusal to allow a taxpayer to make the election under Multistate Tax Compact law to apportion income using an equally-weighted three factor formula. [The Gillette Company & Subsidiaries et al. v. Franchise Tax Board, No. A130803, hearing 5/8/12]

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