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On April 28, 2011,
In general, a corporation pays state corporate income tax based on the portion of its income attributable to business activities in each state. Prior to the passage of the Bill, the CBT apportioned a corporation's net income based on a weighted average of three fractions: (1) the corporation's property in New Jersey over its total property, which accounted for 25% of the apportionment; (2) the corporation's payroll in New Jersey over its total payroll, which accounted for 25% of the apportionment; and (3) the corporation's sales in New Jersey over its total sales, which accounted for 50% of the apportionment.
The
Day Pitney Alert
On April 28, Scott Clark, Chair of Day Pitney's Multistate Tax Practice, presented at the Federal Tax Institute of New England 2022 conference, sponsored by the Connecticut Bar Association, on "The Cutting Edges of Multistate Taxation: Pass-Through Entities, Digital Products, Domicile Update, and more."
On April 8, Tax Attorney Mariano Beecher will be speaking at a Boston Bar Association webinar on the introduction to the practice of tax law.
On March 31, The Boston Bar Association will be hosting a virtual CLE that will provide introduction to tax issues related to cryptocurrency.
Scott Clark, chair of Day Pitney's Multistate Tax Practice, is presenting on a virtual panel for the Tax Executives Institute, Inc., Westchester-Fairfield Chapter titled, "Ethics and the Corporate Tax Department" on March 16.
Day Pitney Press Release
Day Pitney Press Release
VCV Digital Technology announced that it plans to become a publicly traded company via a business combination with Fortune Rise Acquisition Corporation (NASDAQ: FRLAW, FRLA and FRLAW), a special purpose acquisition corporation.
In March 2022, Day Pitney completed a transaction in which it represented Iridian Asset Management LLC, an asset management firm based in Westport, CT and its management team (collectively "Iridian"), in connection with the "management buyout" of its founding partners and the firm's asset management business.
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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.