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  Find a law or rule Tax Research Index Research Index Files Mri194-211_files Tax Research Index
Tax Research Index
| WAC 19404 |
Financial institutions-Income apportionment |
| SOURCE |
DOCUMENT |
DETER. NO |
DATE OF ISSUE |
DESCRIPTION |
| WAC: |
458-20-19404 |
|
05/27/11 |
458-20-19404 Financial institutions - Income apportionment
Part I of Chapter 23, 2010 Laws 1st Special Session (2ESSB 6143) changed the apportionment and nexus requirements for apportionable activities, effective June 1, 2010. The Department has adopted the following emergency rule to explain how these requirements apply:
WAC 458-20-19404 (Rule 19404) Financial institutions – Income apportionment
Changes from the previous emergency rule filed January 28, 2011 under WSR 11-04-068 were made as follows:
Rule 19404 – Changes to same language as proposed final rule. These changes include formatting, clarifying language, and additional details.
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458-20-19404 |
|
01/28/11 |
Financial institutions-Income apportionment.
Part I of Chapter 23, 2010 Laws 1st Special Session (2ESSB 6143) changed the apportionment and nexus requirements for apportionable activities, effective June 1, 2010. The Department has adopted the following emergency rules to explain how these requirements apply:
WAC 458-20-19401 (Rule 19401) Minimum nexus thresholds for apportionable activities
WAC 458-20-19402 (Rule 19402) Single factor receipts apportionment – Generally
WAC 458-20-19403 (Rule 19403) Single factor receipts apportionment – Royalties
WAC 458-20-19404 (Rule 19404) Financial institutions – Income apportionment
Changes from the previous emergency rules filed October 1, 2010 under WSR 10-20-104 were made in the following subsections:
Rule 19401 – No changes
Rule 19402 –Subsection (5) Attribution of income
Rule 19403 - Subsection (5) How are royalty receipts attributed to Washington
Rule 19404 – No changes
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458-20-19404 |
|
10/01/2010 |
WAC 458-20-19404 Financial institutions – Income apportionment – This rule addresses how gross income from engaging in business as a financial institution is apportioned when the financial institution engages in business both within and outside the state.
Part I of Chapter 23, 2010 Laws 1st Special Session (2ESSB 6143) changed the apportionment and nexus requirements for apportionable activities, effective June 1, 2010. The Department has adopted the following emergency rules to explain how these requirements apply. |
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| Economic Nexus |
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05/28/2010 |
New "Economic Nexus" in Washington State May Impact "Foreign Corporations" |
| Economic Nexus |
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05/28/2010 |
New "Economic Nexus" in Washington State May Impact Financial Institutions Including Out-of-state Banks and Credit Card Issuers |
| Economic Nexus |
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05/28/2010 |
New Apportionment Method |
| Economic Nexus |
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05/28/2010 |
Tax Attorneys and CPAs New "Economic Nexus" in Washington State May Impact Your Clients |
| Economic Nexus |
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05/28/2010 |
Registered Out-of-state Businesses Currently not Reporting Income from Service Activities - New Apportionment for Certain Income |
| Economic Nexus |
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09/10/2010 |
B&O Tax Reporting Requirement Continues After Business Activity Stops (Trailing Nexus) |
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