The Ordinary Diet of the Law: How to Interpret Public Law 86-272
Tax Notes State, April 13, 2020, p. 161
6 Pages Posted: 8 Jun 2020
Date Written: April 13, 2020
This essay argues against expansive interpretations of Public Law 86-272 (the primary federal statute limiting state income taxation of out-of-state businesses). Specifically, this essay argues against interpretations of Public Law 86-272 that would broaden its coverage to protect business practices that differ from the practices that Congress specifically intended to protect at the time of the statute’s enactment.
Keywords: Public Law 86-272, state corporate income tax, state business tax. state tax
JEL Classification: K34
Suggested Citation: Suggested Citation