Chapter 23

The state where a business is headquartered and directs operations; this location may be different from the place of incorporation.

The connection between a business and a tax jurisdiction sufficient to subject the business to the tax jurisdiction's tax system. Also, the connection that is required to exist between a jurisdiction and a potential taxpayer such that the jurisdiction asserts the right to impose a tax.

A business operating in a state other than its commercial ....

A tax imposed on the retail price of goods (plus certain services). Retailers are responsible for collecting and remitting the tax; typically ... ... is collected at the point of sale.

A tax imposed on the retail price of goods owned, possessed, or consumed within a state that were not purchased within the state.

Business conducted between parties in two or more states.

The federal taxable income plus or minus required state adjustments.

Income derived from business activities.

All income except for business income-generally, investment income and rental income.

The method of dividing business income of an interstate business among the states where nexus exists.

The method of dividing or sourcing nonbusiness income to specific states.

The connection between a business and a tax jurisdiction sufficient to subject the business to the tax jurisdiction's ... ....

The connection between a business and a tax jurisdiction sufficient to subject the business to the tax jurisdiction's ... ....

The concept that businesses without a physical presence in the state may establish ... ... ... in the state through an economic presence there.

Selling activities or activities ancillary to selling that are protected under Public Law 86-272.

A rule that permits businesses to have physical presence at conventions and ... ..., generally up to two weeks a year, without creating nexus.

A state tax return methodology requiring that each related entity with nexus must file a ... ... ....

A state tax return methodology requiring the activities of a group of related entities to be reported on a single tax return. The criteria for determining whether a group of entities must file a ... ... ... are functional integration, centralization of management, and economies of scale.

Amounts added to or subtracted from federal taxable income when firms compute taxable income for a particular state.

The rule that sales into a state without nexus are included with sales from the state the property was shipped from.