Interested parties meeting scheduled for single sales factor
We are holding an Interested Parties Meeting Thursday, January 28, 2010, at 10 a.m. to elicit public input on the single sales factor. We will discuss the content of a proposed regulation that will give instructions on how to make the single sales factor election provided for under Revenue & Taxation Code Section 25128.5 and to address numerous factual variations that may be encountered in making and accounting for the election. For more information about this meeting and others, go to ftb.ca.gov and search for interested parties.
In last month’s issue of Tax News, Corporation Tax Law Changes in California, lists the changes in tax law, including the single sales factor, and an email for you to send in questions, comments, and suggestions.