California – Interested parties meetings for market-based sourcing and apportionment of partnership income

On October 18, 2013, the Franchise Tax Board (FTB) is holding two interested parties meetings (IPMs) - a second IPM regarding possible amendments to its market-based sourcing regulation and a second IPM concerning amendments to its regulation concerning the apportionment and allocation of partnership income and certain items of income that are unique to the asset management industry.

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