CCH (cch.taxgroup.com) reports:
The proposed revision of the Uniform Division of Income for Tax Purposes Act (UDITPA) and federal preemption of state taxing authority were among the topics discussed at the annual conference of the Multistate Tax Commission (MTC), held on July 30, 2008, in Santa Fe, New Mexico. The discussion continued the following day at a meeting of the MTC's Executive Committee and during the group's annual business meeting, at which action was taken on several proposals.
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