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For your state and one of its neighbors, find the following income tax rules. Place your data in a chart, and e - mail your

For your state and one of its neighbors, find the following income tax rules. Place your data in a
chart, and e-mail your findings to your instructor.
a. To what extent does each state follow the rulings of the Multistate Tax Commission?
b. Does the state adopt pertinent changes to the Internal Revenue Code? If so, as of what
date?
c. What is the highest income tax rate for corporations?
d. Is the tax effectiveness of a passive investment company limited in some way? Has the
state adopted the Geoffrey approach (see footnote 20, p.16-31) to the taxation of
income from intangibles? Explain.
e. Does the state apply entity-level income taxes for S corporations, partnerships, and
LLCs? If so, what are the terms of those taxes?

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