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Example of Exclusions in Taxation

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

A. Sale of a factory building.
B. Sale of office equipment that constitutes inventory to the purchaser.
C. Sale of office equipment to be used in the taxpayer's business.
D. All of the above are protected by P.L. 86-272 immunity provisions.

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

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File contains example of exclusions of taxation.

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