State Income Taxation of Multijurisdictional Corporations: Reflections on Mobil, Exxon, and H.R. 5076

Authors

Walter Hellerstein, University of GeorgiaFollow

Abstract

The purpose of this Article is twofold: first, to analyze the Mobil and Exxon decisions; second, to consider the congressional reaction they may engender. Because the terrain that this Article covers may be unfamiliar to some readers, a few further words of introduction may be appropriate.

Taken together, the Mobil and Exxon decisions dealt with the three methods of dividing a multijurisdictional corporation's income among the states - specific allocation, separate accounting and apportionment by formula. Each method provides a different solution to the problem of determining the portion of the income of multistate businesses that should be taxable by any one state.

Recommended Citation

Walter Hellerstein, State Income Taxation of Multijurisdictional Corporations: Reflections on Mobil, Exxon, and H.R. 5076, 79 Mich. L. Rev. 113 (1980).
Available at: https://repository.law.umich.edu/mlr/vol79/iss1/4