New Jersey’s latest rulemaking is a warning to out-of-state companies that tax officials will be more assertive in subjecting them to state income tax if they conduct certain internet activities in the Garden State, tax practitioners say.
Draft regulations published Feb. 18 put businesses engaged in interstate commerce “on notice” that New Jersey will be “more aggressive” in enforcing parts of the Multistate Tax Commission’s updated interpretation of Public Law 86-272, which broadens the number of out-of-state companies that can fall under states’ tax regime, said Alysse McLoughlin, a partner in Jones Walker’s Tax Practice Group.
New Jersey issued ...
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