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Which states have mandatory unitary combined reporting?
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Nov 29, 2022 · A majority of states that impose a corporate income tax have adopted the use of mandatory worldwide, or water’s-edge, combined reporting methods for unitary businesses. At the same time, historically separate-filing states are seeking to adopt combined reporting tax regimes for corporate taxpayers.
Sep 1, 2019 · September 1, 2019. Editor: Howard Wagner, CPA. A common refrain after the passage of the law known as the Tax Cuts and Jobs Act of 2017 (TCJA), P.L. 115 - 97, was that the United States had finally moved from a worldwide tax regime to a territorial tax regime consistent with its trading partners.
28 States Plus D.C. Require Combined Reporting for the State Corporate Income Tax | Center on Budget and Policy Priorities.
Dec 8, 2010 · December 8, 2010. News Flash: All States Are Unitary States. Each year, many taxpayers file inaccurate corporate income tax returns in separate-reporting jurisdictions because they do not consider the unitary business principle applicable to those states.
Apr 8, 2010 · Unitary combined reporting, income apportionment, and State tax jurisdiction can present surprising consequences for foreign corporations. As illustrated by Wisconsin, State unitary tax regimes can also produce constitutionally suspect results.
Apr 14, 2015 · The unitary business principle finds its roots in 19th-century property taxation, when the U.S. Supreme Court first observed that an integrated business should be taxed as one unit instead of...
The use of mandatory unitary combined reporting has become increasingly popular among states in recent years. West Virginia, Massachusetts, and Wisconsin each unveiled combined reporting regimes for tax years beginning on or after January 1, 2009, and more states are likely to follow in the near future.
