Indiana Finalizes Market-Based Sourcing Rule for Services and Intangibles.
Indiana has finalized 45 IAC 3.1-1-55.5, adopting market-based sourcing for services and intangibles retroactive to January 1, 2019, with limited exclusions and some divergence from MTC guidelines.
Why It Matters
Finance professionals in Indiana need to reassess how their company's service and intangible income is sourced for state tax purposes, potentially affecting apportionment and tax liabilities.