Sign up to receive email newsletters about the
latest research for the topic areas that
interest you.
Proposed "Business Activity Tax Nexus" Legislation Would Seriously Undermine State Taxes on Corporate Profits and Harm the Economy
Publication Date: June 2008
Publisher(s): Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Michael Mazerov
Special Collection: John D. and Catherine T. MacArthur Foundation
Topic: Banking and finance (Taxation and tax policy)
Keywords: Tax code; State budgets; Economic projections; Corporate taxes
Type: Report
Abstract:
Congress is considering a bill (known as "BATSA" that would eliminate states' authority to tax a fair share of the profits of many corporations that are based out-of-state but do business within their borders. The bill's new restrictions on state and local taxing authority would have far-reaching, adverse impacts on the revenue-generating capacity and fairness of state and local tax systems.