A group of state tax administrators endorsed an overhaul of decades-old model tax rules for apportioning broadcasters’ income across several states, pulling streaming services and on-demand programming into the rule for the first time.
A work group of the Multistate Tax Commission approved the latest revision to their broadcasting special industry regulation Wednesday, setting the stage for the proposal to be treated as a new model for states.
While the original regulation focused on the taxation of revenue primarily from television and radio broadcasting, the update expands the rule’s boundaries to cover revenue from streaming and on-demand video and audio ...