California's Current Sales Factor Landscape

On November 2, 2010, by a margin of nearly 1.5 million votes, California voters rejected Proposition 24. In doing so, the voters decided to maintain three business tax provisions scheduled to take effect in 2011: (1) the single sales factor apportionment election; (2) net operating loss carrybacks; and...

California's Current Sales Factor Landscape

On November 2, 2010, by a margin of nearly 1.5 million votes, California voters rejected Proposition 24. In doing so, the voters decided to maintain three business tax provisions scheduled to take effect in 2011: (1) the single sales factor apportionment election; (2) net operating loss carrybacks; and...