Wednesday, December 23, 2015

Final regs posted on apportionment, nexus

The Division of Taxation today posted, as final, regulations involving apportionment and nexus for corporate income tax purposes. 

The regulations help to implement sweeping changes to the structure of the corporate income tax that were enacted in 2014 and that took effect for tax years beginning on or after January 1, 2015. The regulations will take effect January 12, 2016. Click here for the apportionment regulation, here for the nexus regulation.