Today, more than 150 businesses nationwide wrote a letter to Speaker Boehner and Leader Pelosi urging them to enact the Business Activity Tax Simplification Act this year. The businesses, which include many franchise companies, want to put an end to unfair, confusing and costly state corporate income taxation.
Tag: congress
IFA Supports Business Activity Tax Simplification Act
One of the pieces of legislation currently pending before Congress that has the potential to significantly affect franchisors is the Business Activity Tax Simplification Act, or BATSA. BATSA would clarify federal tax law by resolving the question of economic “nexus” that is required for a state to succesfully impose an income tax on out-of-state companies.
