An Act relative to single sales factor

This bill proposes changes to how state taxes are calculated for businesses that sell goods or services across state lines. It specifically targets the "single sales factor" method, which currently bases tax liability solely on where sales occur rather than where inventory is held. The legislation aims to modify this calculation to potentially include other factors like the location of inventory or property. As a revenue measure, it directly affects corporations operating in multiple states and the state's Department of Revenue. The bill is currently in the early stages of the legislative process, having been referred to the Revenue committee for review.