<p>Idaho State Tax Commission Mandates Alternative Apportionment of Gains From Sale of Interest in LLC</p>

Idaho State Tax Commission Mandates Alternative Apportionment of Gains From Sale of Interest in LLC

Idaho State Tax Commission

The Idaho State Tax Commission determined that a combat gear manufacturer's gain from the sale of its ownership interest in a limited liability company was business income subject to tax, and that the income should be subject to alternative apportionment in order to fairly reflect the taxpayer's business activity in the state.

<p>The Idaho State Tax Commission determined that a combat gear manufacturer's gain from the sale of its ownership interest in a limited liability company was business income subject to tax, and that the income should be subject to alternative apportionment in order to fairly reflect the taxpayer's business activity in the state.</p>