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David A. Hughes Presents at IMA’s 9th Annual Tax Conference – 11/16/22

11/15/2022
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David A. Hughes presents, “Mitigating Risk,” at the Illinois Manufacturers’ Association’s (IMA) 9th Annual Tax Conference: Helping You Succeed with Key Tax Strategies.

A federal law – known as Public Law 86-272 – prohibits states from imposing a net income tax under certain circumstances, protecting many manufacturers from having to file a state net income tax. The law was enacted in 1959 well before manufacturing had websites. The Multistate Tax Commission and some states have started to interpret Public Law 86-272 in a way that will cause manufacturers to lose their protection if they have an interactive website.

You can download a copy of David’s presentation here.

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