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Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states: Property State Beginning Ending Maine $ 923,032 $ 994,221 Massachusetts $ 103,311
Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states:
Property State Beginning Ending Maine $ 923,032 $ 994,221
Massachusetts $ 103,311 $ 203,109
New Hampshire $ 381,983 $ 283,021
Vermont $ 873,132 $ 891,976 Total $ 2,281,458 $ 2,372,327
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios?
- Delicious Dave's has income tax nexus in each of the states.
- Delicious Dave's has income tax nexus in each of the states, but the Maine total includes $400,000 of investment property that Delicious rents out (unrelated to its business).
- Delicious Dave's has income tax nexus in each of the states, but it also pays $50,000 to rent property in Massachusetts.
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