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Multistate Tax Commission adopts amendments to Model General Allocation and Apportionment Regulations

On February 24, 2017, the Multistate Tax Commission adopted amendments to its Model General Allocation and Apportionment Regulations. The amendments to the model regulations reflect recent changes made to key provisions of Article IV of the Multistate Tax Compact, including the adoption of market-based sourcing for receipts from transactions other than sales of tangible personal property.