Quarterly Update, October - December 2012


In this issue:

  • SALT Perspective: California - A tale of two throwbacks
    • Economic nexus satisfies throwback's "doing business" requirement for 2011 and future years
    • Per the FTB, physical presence required for preventing application of pre-2011 throwback
  • Key State Developments
    • Tenn. issues guidance on intangible expense add-back and deduction
    • New San Francisco gross receipts tax
  • State Tax Practitioner's Tip
  • Other state tax development updates

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