1:00PM - 2:00PM CT
One of the most significant trends in state apportionment in recent years is the adoption of market-based sourcing for sales other than sales of tangible personal property. While many states default to the location the “benefit is received” to determine sourcing, others take a different approach. Uncertainties can quickly arise surrounding the practical application of this principle – especially in today’s service and digital based economy. Another prevalent trend in state apportionment is the use of alternative apportionment, which has been the cause for much contention between taxpayers and states. In this session, Breen with Jeff Cook of Grant Thornton LLP and David McCormick of United Airlines speakers will discuss current state developments and challenges related to both trends.
After attending this session, the attendee will be able to:
- Recognize the differences amongst various state’s market-based sourcing rules
- Identify complexities and challenges associated with the market-based sourcing approach
- Explain the purpose of alternative apportionment provisions
- Recall recent developments in the state’s use of alternative apportionment provisions