Bill Nelson Quoted in NC Insider Regarding the Single Sales Factor Apportionment

Raleigh, N.C.Bill Nelson was quoted in an NC Insider article published on April 10, 2015, regarding proposed legislation that would change North Carolina’s method of apportioning the income of multi-state corporations by adopting single sales factor apportionment. Bill said that the prime motivation for moving to single sales factor is “economic recruitment or improvement of the economic climate without picking specific winners or losers through narrowly drawn credits or other targeted incentives.” He explained that eliminating the property and payroll factors from the apportionment formula would provide “significant relief” for taxpayers with heavy investment in North Carolina who currently face “indirect multiple taxation” of such investment in the form of property and franchise taxes, as well as inclusion of the investment in the apportionment formula.

Bill also noted that the economic incentive benefit of moving to single sales factor diminishes over time as additional states adopt it. “If we’re going to do it, we ought to do it soon,” he said.

NC Insider is a state government news service that requires a password to access articles. CLICK HERE to visit the NC Insider website for more information.

About Bill Nelson
Bill Nelson’s practice includes tax planning for corporate acquisitions, tax-free reorganizations, and divestitures; forming and advising joint ventures and private equity funds; providing tax and business law advice to limited partnerships and limited liability companies; and representing domestic and foreign taxpayers on international tax matters. He also represents taxpayers before federal, state and local tax authorities in tax controversies and has been active in a number of state tax and business law legislative reform efforts. Bill is Chair of the North Carolina Chamber’s Tax Committee and is the author of the Guidebook to North Carolina Taxes published by CCH ( For more information, please visit his bio at

About Smith Anderson
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