KPMG report: California court decision on interstate tax law
San Francisco Superior Court decision concerning a federal law that levies restrictions on state taxes of interstate businesses
San Francisco Superior Court decision
California was the first state to adopt the Multistate Tax Commission’s revised interpretation of Pub. L. No. 86-272, a federal law that levies restrictions on state taxes of interstate businesses. The San Francisco Superior Court on February 14, 2024, held that the California Franchise Tax Board did not follow required procedures under the state’s Administrative Procedures Act in adopting it.
Read a February 2024 report* [PDF 190 KB] prepared by KPMG LLP that discusses the implications of the decision.
* This article originally appeared as a Bloomberg Tax Insight and is provided with permission. Published February 12, 2024. Copyright 2024 Bloomberg Industry Group 800-372-1033.
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