This on-demand webinar will explore Public Law 86-272 from 1959 to present. Public Law 86-272 was enacted in 1959 to protect taxpayers from state income taxes when their sole activity in the state is limited to the solicitation and sale of tangible personal property. State tax authorities have been contesting this federal law ever since passage. Due to the rise of the digital economy, taxpayer protection under P.L. 86-272 has been steadily eroding.
Listen in as Withum’s State and Local Tax teamdiscusses the Multistate Tax Commission (MTC) recently adopted revision to the interpretation of P.L. 86-272, whereby a business could lose state income tax protection, by solely engaging with customers through the internet.
Viewers Will Learn About
- Understand the history of P.L. 86-272;
- Explore when a business can rely on P.L. 86-272;
- Identify the effects the digital economy has had on P.L. 86-272; and,
- Understand how the Multistate Tax Commission’s recent restatement on P.L. 86-272 eliminates many of its protections and will lead to taxpayers having an ever-expanding nexus footprint.
