For the Press

Tax Analysts Conference: The Project to Rewrite UDITPA: Does Model Legislation Have an Expiration Date?

October 28, 2013

WHAT: Tax Analysts, the nonprofit provider of federal, state, and international tax news and analysis, will host a conference discussing the Multistate Tax Commission's rewrite of the Uniform Division of Income for Tax Purposes Act. UDITPA was developed over 50 years ago to address how a corporation's tax base would be divided among the states in which it does business. It sought to promote uniformity and ensure that corporate taxpayers are taxed on all of their income – no more and no less. But times have changed. States are moving away from two major provisions in UDITPA: an equal-weighted, three-factor apportionment formula and sales factor sourcing for services and sales of intangibles. The MTC recognized that it was time to rethink UDITPA, and it has begun a project to review it. The speakers and the discussion that will follow will debate why the MTC decided to undertake the rewrite, the recommendations from the hearing officer's report, and what the most important considerations are.

 


WHO: Tax Analysts President and Publisher Christopher E. Bergin will moderate the discussion, which will feature Richard Pomp, Alva P. Loiselle Professor of Law, University of Connecticut; Shirley K. Sicilian, general counsel, Multistate Tax Commission; Prentiss Willson, of counsel, Sutherland Asbill & Brennan LLP; and Arthur R. Rosen, partner, McDermott Will & Emery LLP.

WHEN: Friday, November 1, from 9 a.m. to 11 a.m., with a continental breakfast at 8:30 a.m.

WHERE: National Press Club, Holeman Lounge, 529 14th Street NW, Washington, D.C.

WHY: This conference is part of a long-running series of panel discussions that Tax Analysts hosts several times a year on tax policy and administration.

ADDITIONAL DETAILS: For more information and to register or view the live video stream, please visit the Tax Analysts event page or contact Shaima Cardillo at 703-531-4852 or shaima_cardillo@tax.org.