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Web 1115 CD400 MS MarketBased Sourcing Informational Report Legal Name (First 35 Characters)(USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS) Federal Employer ID Number Address Secretary of State ID.

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In short, the Court's interpretation of South Carolina's “income-producing-activity” rule resulted in a market-based sourcing methodology. Many states follow the rule or a rule similar to the one utilized by the Court in Dish. It's not an unreasonable rule.

Market-based sourcing was enacted by Session Law 2019-246 (Senate Bill 557), effective for taxable years beginning on or after January 1, 2020.

While the cost of performance receipts source the income from the location of performed services, the market-based method may source receipts based on the corporate location of the customers receiving the services.

Market-based sourcing is the predominant approach to assigning service receipts to the appropriate state, but three states — Delaware, Mississippi, and Texas — use the service performance method, and four states — Alaska, Florida, Kansas, and North Dakota — use cost of performance.

For market-based sourcing, revenues are sourced to the location of the customer, or more specifically, the location where the benefit of the service is received.

Whereas COP-based receipts sources income to the location where services are performed, the market-based method sources receipts based upon the location where the taxpayer's customer benefits from the taxpayer's services.

1, 2015, NYS made significant statutory changes for computing the business apportionment factor (BAF) and adopted market-based sourcing. The new apportionment statute is extensive and includes intricate customer-based sourcing rules.

While the cost of performance receipts source the income from the location of performed services, the market-based method may source receipts based on the corporate location of the customers receiving the services. With mixed-use sourcing, the risk of double taxation can happen in some US states.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232