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Multistate Businesses

Proposition 39 Tax Treatment for Multistate Businesses. Clean Energy and Energy Efficiency

October 26, 2012 by Archived posts

By, Maria Aguilar |Staff Writer| Businesses who operate in California and other states or countries will no longer be able to choose how their state taxable income is determined, if Proposition 39 passes. Currently multi-state businesses choose one of two methods to pay their state taxable income. Under method one, “the more sales, property, or employees the multi-state business has in California, the more of the business’ income is subject to state tax,” according to the official voter information guide. Method two specifies, the more sales from the business in California, the more income is taxed. Proposition 39 affects only multi-state businesses and will require they pay … [Read more...] about Proposition 39 Tax Treatment for Multistate Businesses. Clean Energy and Energy Efficiency

Filed Under: News Tagged With: Business State Income Tax, California, Clean Energy Job Creation Fund, csusb, Energy Efficient Funding, Multistate Businesses, online, Proposition 39, props, Report card, voting

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