UDITPA Changes Pondered by NCCUSL Committee

The National Conference of Commissioners on Uniform State Laws (NCCUSL) Drafting Committee (the “Committee”), which will consider possible changes to the Uniform Division of Income for Tax Purposes Act (UDITPA), held its organizational meeting in Chicago May 30,2008. UDITPA is the model act that several states have adopted to govern their corporate income tax collection and is included in the Multistate Tax Compact (MTC). The Multistate Tax Commission was the primary proponent of the possible revision. Click here for a report prepared by Jim Eads, Director of Public Affairs for Ryan.

UPDATE: Jim Eads reports the NCCUSL has retreated a bit on this effort. Read his most current report here.

Mr. Eads also filed an additional report that you may find helpful if researching the issue. You may find the second report here.

You may also find a recent report by Robert Cline, Ernst & Young, on combined reporting of interest. The report was released by the Committee on State Taxation (COST).