Ever since its passage six and a half decades ago, the federal Interstate Income Act of 1959, better known as P.L. 86-272, has been a source of angst for state tax administrators. But while states have long found ways to define business activities as being outside the scope of the law’s protections, recent efforts by the Multistate Tax Commission would effectively put the final nail in the coffin, rendering P.L. 86-272 little more than a dead letter. Yet even as the MTC is pushing for the law’s final demise, Congress may finally be getting around to giving P.L. 86-272 some teeth.
View the full story here.
View a PDF of the story here.