business activity tax

• Business activity tax relief urged.

[ILLUSTRATION OMITTED] Small companies came to Congress on Feb. 14 to ask for relief from state business activity taxes. Testimony came during a hea...

• Franchising World
• Vol. 40 Nbr. 4, April 2008

• Wealthy Americans and Business Activity

A significant finding of the Tax Foundation's Individual Tax Model and Matched IRS/Census Database is that an extraordinarily high proportion of high-income taxpayers have some form of business income and that as their incomes rise, so too does the likelihood that they have business activity. Tax Foundation estimates show that overall, about 74 percent of the wealthiest one percent of taxpayers have business activity. Of those taxpayers with incomes between $317,000 and $499,999 per year, 68 percent have business income. But for those with incomes between $500,000 and $999,999, nearly 77 percent file returns with business activity. And for taxpayers with incomes above $1 million per year, nearly 83 percent have business income. Measuring business income as a percentage of AGI yields an ...

• Special Report - Tax Foundation
• July 31, 2009

• The Business Activity Tax Simplification Act: A Good Standard for Multi-State Business

Fiscal Fact No. 62 I. Introduction On July 25, the House of Representatives is expected to vote on H.R. 1956, the Business Activity Tax Simplification...

• Special Report - Tax Foundation
• August 11, 2009

• CEA Testifies in Support of Small Businesses and the Business Activity Tax Simplification Act.

H.R. 5627 Provides Relief and Clarity for Small Businesses ARLINGTON, Va. -- Small businesses must be protected from inappropriate state taxation, a...

• Business Wire
• February 14, 2008

• The Business Activity Tax Simplification Act: Congress expected to address economic nexus confusion.

The discussion of state nexus and business activity taxes is not new to these pages. The issue has confounded franchise company CFOs for several years...

• Franchising World
• Vol. 41 Nbr. 4, April 2009

• Decoding the new Ohio commercial activity tax: what CAT means to business taxpayers.

Governor Bob Taft's signature on Ohio's $51.25 billion budget bill (1) this summer effectively rewrote the state's tax code for the first time in more...

• Tax Executive
• Vol. 57 Nbr. 5, September 2005

• Congress speaks out: the Business Activity Tax Simplification Act.

With aggressive tax nexus battles continuing their strain on the franchising business model, the U.S. House Judiciary Subcommittee on Commercial and A...

• Franchising World
• Vol. 40 Nbr. 9, September 2008

• Ohio Grocers Assn. v. Levin (Slip Opinion), Slip Opinion No. 2009-Ohio-4872

Taxation — Commercial activity tax — R.C. 5751.02 et seq. — Commercial activity tax is not tax on sale or purchase of food and therefore does not violate Section 3(C) or 13, Article XII, Ohio Constitution — Commercial activity tax is tax on privilege of doing business — Fact that tax is measured by gross receipts that include proceeds from sale of food does not affect constitutionality of tax.

• Ohio Supreme Court

• Issue profile: the business activity tax simplification act: the Schumer-Crapo proposal would prevent unlawful impediments to the free flow of commerce among the states by clarifying that no state may impose a business-activity tax on any entity that lacks a physical presence in the taxing jurisdiction.

[ILLUSTRATION OMITTED] The very nature of franchising is to create a structure whereby a business can be expanded through individual investment. In ...

• Franchising World
• Vol. 39 Nbr. 11, November 2007

• State Briefs

State budget ahead $43M for year Healthy business activity is keeping West Virginia's budget ahead of its general tax revenue estimates for the year.

• Charleston Gazette
• October 07, 2011