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Post details: All States --Corporate Income Tax: UDITPA Study Committee Recommends End to Review
07/01/09
All States --Corporate Income Tax: UDITPA Study Committee Recommends End to Review
CCH (cch.taxgroup.com) reports:
A committee reviewing the Uniform Division of Income for Tax Purposes Act (UDITPA) for possible revision voted 5-2 to recommend that its study of UDITPA terminate in the face of intense opposition from some taxpayers and state legislators. The vote by the study committee appointed by the Uniform Law Commission (ULC) came during a June 30 conference call. The committee included a proviso that its recommendation may be revisited if circumstances change. The recommendation will be considered by the ULC leadership during its annual meeting in Santa Fe, New Mexico, July 9-16.
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