Market-Based Sourcing: Not Just a Trend

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The shift to market-based sourcing is more than just a trend in state income tax. More than 20 states have adopted this method for the sourcing of services, with a handful of others poised to follow suit. Recently, both Missouri and Tennessee adopted market-based sourcing. Further, most states with major economic hubs are now sourcing service revenue using a market-based method, including California, Georgia, Illinois, Massachusetts, and New York (eff. 2015). When the Model Uniform Division of Income for Tax Purposes Act (UDITPA) established guidelines for the sourcing of sales of services in the late 1950s, the standard was …read more

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