IPT’s State Income Tax School is the premier destination for state and local tax professionals seeking to deepen their knowledge, sharpen their skills, and stand out in the field. Designed for today's tax professionals, the school offers a powerful combination of essential concepts and advanced strategies to navigate the complexities of state income taxation. With guidance from IPT's expert faculty—seasoned practitioners who provide real-world insights, practical tools, and in-depth analyses—you'll gain actionable knowledge and a stronger grasp of the challenges and successful strategies in state and local tax.

Kilpatrick attorney, Jordan Goodman, will be hosting several programs including:

Income Subject to Allocation | Tuesday, July 22, 8:00 - 9:00 a.m.

This session will explain the distinction between business and nonbusiness income and identify different state approaches to nonbusiness income. The session also will review various situations where income could be classified as nonbusiness income and will focus on the specific sourcing rules for classifying nonbusiness income.

Unitary Business Principle | Tuesday, July 22, 9:15 a.m. - 1:30 p.m.

This session will review the theoretical underpinning of the unitary business principle and will include a discussion on the application of the unitary business principle in both unitary and separate company states. This presentation will cover the key United States Supreme Court decisions regarding the unitary business principle and identify the tests used to determine a corporation's state income tax liability.

Fundamentals and Formulary Apportionment | Tuesday, July 22, 1:45 - 5:00 p.m.

This session will instruct the participants in the basic rules of formulary apportionment for state income taxes. It will include basic coverage of the property, payroll and sales factors as provided for in the Uniform Division for Income Tax Purposes Act (UDIPTA) used in one form or another by many states. The session will also include some discussion on variations of such rules and modern trends. Finally, the session will include and introduction to constitutional limitations on apportionment as well as statutory relief provisions such as section 18 of UDIPTA.

Case Study on Allocation and Apportionment | Tuesday, July 22, 5:10 - 6:00 p.m.