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Public Law 86-272 Protects a Taxpayer from Which of the Following

Question 37

Multiple Choice

Public Law 86-272 protects a taxpayer from which of the following taxes?


A) Texas Margin Tax (a tax with net income, gross receipts, and capital worth components) .
B) Washington Business & Occupation Tax (a gross receipts tax) .
C) Ohio Commercial Activity Tax (an excise tax with a gross receipts base) .
D) California Franchise Tax (a net income tax) .

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