Indiana Finalizes Market-Based Sourcing Rule for Services and Intangibles.
Indiana has finalized tax rule 45 IAC 3.1-1-55.5, introducing market-based sourcing for services and intangibles retroactive to January 1, 2019, with certain exclusions and divergences from MTC guidelines.
Why It Matters
Finance professionals in Indiana should reassess how their company sources service and intangible income for Indiana tax purposes under the new rule.