Which of the following is not immune from state income taxation, even if P.L. 86

Question

Which of the following is not immune from state income taxation, even if P.L. 86-272 is in effect?

Sale of office equipment that is used in the taxpayer’s business.

Sale of office equipment that constitutes inventory to the purchaser.

Sale of a warehouse used in the taxpayer’s business.

All of the above are protected by P.L. 86-272 immunity provisions.

Sale of office equipment that is used in the taxpayer’s business.

Sale of office equipment that constitutes inventory to the purchaser.

Sale of a warehouse used in the taxpayer’s business.

All of the above are protected by P.L. 86-272 immunity provisions.

Explanation / Answer

Answer is (d) :- All of the above are protected by P.L. 86-272 immunity provisions.

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