Under UDITPA (a statute which tries to give uniform meanings to state tax terms - google it if necessary!), the income arising from intangible property is typically allocated to state in which the intangible property is located.

True or False?

True

False

According to Brunori, the author of our text, most experts think that the use of tax incentives, as an economic development policy by a state, violates the principles of sound tax policy. True or False?

True

False