MTC: Pass through entity taxation proposal to move to public hearing

In 2008, the MTC initiated a project to analyze the perceived tax discrepancy between pass-through entities owned by insurance companies and those owned by non-insurance businesses. A drafting group was formed by the Income and Franchise Tax Subcommittee to gather and provide educational information, identify policy issues and draft a model statute in an attempt to address the perceived disparity in tax treatment.

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