Legislation360 (December 7, 2020, 4:12 PM EST) — We predict the 2020s will see just as seismic a shift in point out tax constitutional regulation as the 2010s did with South Dakota v. Wayfair Inc. Single-income-aspect apportionment will be subjected to a contemporary, nuanced judicial analysis, and a further a long time-old foundational precedent, Moorman Manufacturing Co. v. Bair — upholding single-gross sales element in opposition to constitutional problem — will be reversed.
Our evaluation of this challenge has targeted principally on California but the implications get to significantly and extensive by our rely, 25 states utilized a single-product sales element formulation for corporate cash flow tax apportionment this year.
One of 2020’s top corporate point out money tax instances,…
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