Then & Now: An Analysis of Florida’s Sales Factor 50 Years Later
It is certainly not news to tax professionals that state laws struggle to keep up with an ever-changing economy. Sound interpretations are a very real challenge, even after 50 years. Exacerbated by a new constitutional amendment prohibiting agency deference in Florida, tax professionals may encounter a slew of new (and old) issues. Read on for an analysis and potential resolution to various sales factor mysteries that tax professionals frequently encounter in the Sunshine State.