The questionable constitutionality of the California DRD and interest offset rules. (dividends-received deductions): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1997. The length of the article is 5524 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Provisions in the California Revenue and Taxation Code which treat dividend income in such a way that a bias is created for California investment can be challenged as discriminatory and in violation of the Commerce Clause. The dividends-received deductions provision results in a bias because it is limited to those dividends paid out from California source earnings and profits. The interest offset rule provision results in interest expense deductions being calculated with reference to California business income.

Citation Details
Title: The questionable constitutionality of the California DRD and interest offset rules. (dividends-received deductions)
Author: Jay M. Rosen
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n12 Page: 797(7)

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