2015 ASA1-AB623 - Relating to: a sales and use tax exemption for products sold in connection with real property construction activities; factors that determine whether a transaction has economic substance for income and franchise tax purposes; the imposition of penalties on a taxpayer for failing to produce records and documents; and participation by the Department of Revenue in the Multistate Tax Commission Audit Program.
2015 ASA2-AB623 - Relating to: factors that determine whether a transaction has economic substance for income and franchise tax purposes and the imposition of penalties on a taxpayer for failing to produce records and documents.